Tom wants to purchase a property for $300,000. he can borrow a 80% ltv fixed-rate loan, with 4.5% annual interest rate and a 3% origination fee. or, he can borrow a 90% ltv fixed-rate loan, with 5.5% annual interest rate, and a 3% origination fee. both loans have a 30 year amortization period. if he plans to prepay the loan at the end of 3rd year, what will be the incremental cost of borrowing for him to to borrow the additional 10% loan amount?
a) 12.25%
b) 14.47%
c) 13.68%
d) 10%

Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy. b. this is a negative response strategy. c. this is a response strategy for either positive or negative risk known as contingency planning. d. this is a response strategy for either positive or negative risks known as passive acceptance.