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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.

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Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in separate packages. b.

sveticcg [70]

Answer:

The correct answer is letter "B": An e-distributor offers fast delivery of a wide selection of products and services.

Explanation:

E-distributors are delivery companies that base their orders in electronic purchases made from a variety of goods and services. The main characteristic of these organizations is the speed in which the good or service can be shipped and is what may differentiate them from one another.

6 0

3 years ago

Kelly Malone plans to have $51 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, co

natita [175]

Answer:

$1,774.2

Explanation:

Compute the accumulated amount in the account on the date of last deposit'

Formula used to find out the future value ordinary annuity is:

Future value factor of ordinary annuity $(FVF-0A =_{n,i} ) = \frac{1-(1+i^)^ {n} }{i}$

1- oily Future value of ordinary annuity $(FV-OA) = R (FVF-0A_{n,i} )$

Where:

R = annual return (ordinary annuity)

$(FVF-0A_{n,i} )$ = future value of an ordinary annuity of I for n periods at i interest

Substituting the values:

Future value of ordinary annuity $(FV-OA) = R (FVF-0A_{n,i} )$

= $$50 (FVF-OA 12_{2.5X 12\frac{12}{12} } )$

= $$50 X 34.7849$

$51 X 34.7849\\=1,774$

6 0

3 years ago

Assume that ExxonMobil uses a standard cost system for each of its refineries. For the Houston refinery, the monthly fixed overh

maksim [4K]

Answer:

a. Fixed overhead budget variance = Budgeted fixed overhead - Actual fixed overhead

= $8,000,000 - $8,750,000

= $750,000 Unfavorable

b. Predetermined overhead rate per barrel = $8,000,000 / 5,000,000

= $1.60 per barrel

Fixed overhead applied = 5,100,000 * $1.60

= $8,160,000

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

= $8,160,000 - $8,000,000

= $160,000 Favorable

c. Fixed overhead budget variance = Budgeted fixed overhead - Actual fixed overhead

Predetermined overhead rate per barrel = Budgeted fixed overhead / Planned outputs

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

5 0

2 years ago

Daphne contracts with speedy builders inc. To construct a six-foot fence around her yard. Daphne’s neighbor rando is delighted b

baherus [9]

If previously there was a letter of agreement, then Daphne can sue the builder quickly for violating the agreement. but if there is no written agreement then Daphne cannot sue the builder quickly.

An employment agreement or work contract is an agreement made by a worker with a company which is carried out orally or in writing. Usually, the employment contract is valid for a certain time or an indefinite time. The things discussed in it are, terms of work, rights and obligations.

A valid employment contract must meet the following criteria and requirements.
There are Workers and Employers
Work Implementation Information
Specific Time Information
Number of Wages Received
Mutual agreement
Authority Information
Have Objects Clearly Organized
Must be in accordance with the Law

You can learn more about employment agreement here brainly.com/question/28387425

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6 0

1 year ago

Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the

dimaraw [331]

Answer:

D : All options are correct

Explanation:

- The marginal buyer is the essence of demand curve while marginal seller is essence of supply curve.

- @ Q = 500 units, Selling Price is set at SP = $35

- @ Q = 500 units, Buying Price is set at BP = $40

- Since, SP ≠ BP our equilibrium price would be $ 37.5 assuming the price elasticity of demand and supply are equal. In any case the equilibrium price would lie in between [ 35 , 40 ] such that to prevent a shortage of units in near future.

- Moreover, if the seller decides to sell at price $35 then he must sell goods greater than 500 units to reach the equilibrium profits. However, it could also lead to excess of units or surplus.

- We see that from selling the goods at SP = $35 while the buyer is willing to pay BP = $40 for 500 goods, the seller would be under-profiting and would be earning $5*500 = $2,500 less than he would at equilibrium price of $40 and selling units greater than 500. Hence, 500 goods is not an efficient quantity of goods.

6 0

3 years ago