All categories

2 years ago

If someone gets a 1000 dollar loan how much will their monthly payment be

Business

1 answer:

SCORPION-xisa [38]2 years ago

8 0

Answer:

the monthly payment column represents the principal and interest payment for each $1,000 you borrow. For example, if you borrow $100,000 for 30 years at 4.25%, your monthly payment per $1,000 borrowed would be $4.92. Multiply that factor (4.92) by 100 (100,000/1,000) to estimate your monthly payment of $492.00.

You might be interested in

Dora earns 50,000 a year at her johs. when she was given a raise of 5,000 her spending increased from 50,000 to 54,000 calvulate

weqwewe [10]

Given:
ΔY = $5,000, the change in income
ΔS = 50,000 - 54,000 = - 4,000, the change in savings.

By definition,
MPS (Marginal Propensity to Spend) is
MPS = ΔS/ΔY = -4000/5000 = -0.8

The relation between MPS and MPC (Marginal Propensity to Consume) is
MPS + MPC = 1.
Therefore
MPC - 0.8 = 1
MPC = 1.8

Answer:
MPS = 0.8
MPC = 1.8

5 0

2 years ago

Read 2 more answers

Can someone help me and help me match these words to the correct picture

RUDIKE [14]

The telephone box and the other two about calls go to the bottom picture and the rest the top i would say

3 0

2 years ago

For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an accountpaying 8% compounded quarterly. How mu

viva [34]

Answer:

Final Value= $18,253.12

Explanation:

Giving the following information:

For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an account paying 8% compounded quarterly.

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit= 600

n= 6*4= 24

i= 0.08/4= 0.02

FV= {600*[(1.02^24) - 1]}/ 0.02= $18,253.12

8 0

3 years ago

Bismark Inc, a large manufacturer of heavy equipment components, has determined the following activity cost pools and cost drive

Westkost [7]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup= 600,000 / 15,000= $40 per setup hour

Material handling= 90,000 / 3,000= $30 per ton of material

Machine operation= 420,000 / 12,000= $35 per machine hour

Now, we can allocate costs to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Camshafts:

Machine Setup= 40*5= $200

Material handling= 30*10= $300

Machine operation= 35*4= $140

Total allocated costs= $640

Swing Drives:

Machine Setup= 40*8= $320

Material handling= 30*7= $210

Machine operation= 35*5= $175

Total allocated costs= $705

Finally, the unitary cost:

Camshafts:

Total cost= 40,000 + 7,000 + 640= $47,640

Unitary cost= 47,640 / 1,500= $31.76

Swing Drives:

Total cost= 30,000 + 12,000 + 705= $42,705

Unitary cost= 42,705 / 900= $47.45

5 0

2 years ago

Previn Brothers Inc. purchased land at a price of $26300. Closing costs were $1300. An old building was removed at a cost of $10

Aloiza [94]

Answer:

$38,000

Explanation:

The computation of the cost of the land is shown below:

= Purchase price of land + closing cost + removal cost of an old building

= $26,300 + $1,300 + $10,400

= $38,000

In order to find out the cost of the land, we simply added the purchase value of land, its closing cost and the removal cost of an old building

3 0

2 years ago