Each of the following mortgage loans is for $155,000 . the closing costs on each loan will be $4,200, and all points will be paid by the buyer. which loan requires the most money to be paid up front at closing?
a. adjustable-rate mortgage - 5 percent interest with 2 points
b. fha-insured mortgage - 7 percent interest with 1 point
c. conventional mortgage - 8 percent interest with 0 points
d. all require the same amount at closing.

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should