BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Anna wants to buy a home priced at $67, 000. She estimates the closing costs will be 2.8% of the purchase price. How much will closing costs be?
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$1, 876
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$18, 760
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$23, 928.57
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$2392.86
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Explanation:
Detailed explanation-1: -Close rate refers to the percentage of sales leads and outreach efforts that produce customer conversions and sales. This measurement represents the ratio of closed sales to sales contacts and can convey the results and value of sales methods or marketing efforts.
Detailed explanation-2: -Thus, closing costs include all expenses and fees charged by lenders and third parties, such as the broker and government, when the buyer gains ownership of a property. Closing costs may be one-time payments like brokerage or payments that recur on account of ownership such as home insurance.
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