Disadvantages are the negative side of a process. The table can be used to get the answers. We conclude:
- Disadvantage of owning and purchasing a home is: Option A. An individual assumes all responsibility for maintenance and repair of owned property.
- Cash paid by borrower upfront is: Option D: $95,505.36
- The amount that goes in line 8 is: Option B: $121,491.04
What is the disadvantages of buying and owning a home?
Owning home is like, mostly full of advantages, as your rent is saved, you're having a self owned place, so freedom to do your things without worries, etc.
But, with great powers, will come great responsibility. Owning home will make you take all of its responsibility. Its building maintenance, its repair, etc things have to be managed.
Thus,
Disadvantage of owning and purchasing a home is: Option A. An individual assumes all responsibility for maintenance and repair of owned property.
From the given table, we see that:
Total amount paid by borrower = (7) = (4) + (5) + (6)
or
Total amount paid by borrower = $500 + $94,400 + $605.36 = $95505.36
Thus, Cash paid by borrower upfront is: Option D: $95,505.36
From the table, it is visible that:
Amount in line (8) = (9) + (10)
Since (9) = $95505.36
and (10) = $25,985.68
Thus, (8) = $95,505.36 + $25,985.68 = $121,491.04
Thus, The amount that goes in line 8 is: Option B: $121,491.04
Thus, The table can be used to get the answers. We conclude:
- Disadvantage of owning and purchasing a home is: Option A. An individual assumes all responsibility for maintenance and repair of owned property.
- Cash paid by borrower upfront is: Option D: $95,505.36
- The amount that goes in line 8 is: Option B: $121,491.04
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