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Nancy is buying a house and made a list of her expenses: mortgage payments, utilities, closing costs, prepaid interest, origination fee, and insurance payments. Separate each of the six expenses as either a recurring or a non-recurring cost.

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  1. 28 May, 10:21
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    Recurring-Mortgage payments, Utilities, insurance payments

    Non-recurring-Prepaid interest, Origination fee, Closing costs.

    Step-by-step explanation:

    Recurring cost are usually administrative operating expenses. Since they are operating expenses, they have to be paid from time to time to ensure active operations.

    The recurring expenses are: Mortgage payments, Utilities, insurance payments.

    #Non-recurring costs are one off and are capital in nature.

    They include Prepaid interest, Origination fee, Closing costs.
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