Abuyer agrees to purchase a house for $184,500. the buyer pays $2,000 as earnest money and obtains a new mortgage loan for $167,600. the purchase contract provides for a march 15 settlement. the buyer and the sellers prorate the previous year's real estate taxes of $1,880.96, which have been prepaid. the buyer has additional closing costs of $1,250, and the sellers have other closing costs of $850. how much cash must the buyer bring to the settlement?

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; ///blank(1); security; blank(2); freedom; good luck