A man is purchasing a house for $325,000. His lender requires a 20 percent down payment and 2 points at closing. The man is also responsible for $2,000 in closing costs. What is the total amount of money he needs to close?

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?