Senior Fellow in Electrical Engineering. If the rate being charged for electricity is 10 cents[3] per kilowatt hour, then running the 100-watt bulb for one hour would cost 0.10 kWÂ·h Ã $0.10/kWÂ·h = $0.01, or on â¦ e cent.
At closing, there would be a credit due to the seller for this oil. Your attorney can best summarize the probable amount of these costs. The fourth and most misunderstood area of closing costs is the prepaid, or reserve items category.t closing, there would be a credit due to the seller for this oil. Your attorney can best summarize the probable amount of these costs. The fourth and most misunderstood area of closing costs is the prepaid, or reserve items category.
The lender may require that borrower put money into the account, known as the escrow's reserve. The reserve figure may be the minimum amount the lender requires in the account for the duration of the loan. Escrow reserves are not a prepaid finance charge because the money doesn't affect the loan's APR. A borrower who declines an escrow might have to pay an escrow waiver fee, which is considered a prepaid finance charge if the lender includes the fee in the APR calculation, reports the website My Equity Pro.