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18. A home buyer is purchasing a home that costs $250,000. Cash in the amount of $50,000 was paid. A loan will be used to
18. A home buyer is purchasing a home that costs $250,000. Cash in the amount of $50,000 was paid. A loan will be used to pay for the remaining cost of the house. Based on this information, which of the following is true? a. The down payment is $50,000. b. The down payment is $200,000. c. The collateral amount is $50,000. d. The collateral amount is $200,000. e. The buyer will need a mortgage in the amount of $250,000. 19. The following function was entered into cell A10 on an Excel worksheet: = EOMONTH(B2,2). If the date 9/10/2021 was entered into cell B2, which of the following will be the output in cell A10 after proper formatting is applied. a. 11/30/2021 b. 9/10/2022 c. 9/10/2023 d. 9/2/2021 e. 10/31/2021
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