Answer:
Mortgage Payable Table is prepared in an MS Excel file which is attached with this answer, please find it
Explanation:
The loan which is received by a person for purchase of real estate property or alternatively existing property owner to raise fund from the property. The mortgage are paid with interest over a specific period of time in installment of monthly quarterly semiannually or yearly.
Installment includes both principal payment and Interest Payment.
In this question The first payment on December 31, 2018 included
Total Payment = $37,092
Interest Payment = 385,000 x 5% = $19,250
Principal Payment = $37,092 - $19,250 = $17,842
Answer:
The statement is true
Explanation:
Credit card is the card which provide the benefit to the people to purchase the items without cash. In short, it is that card which the person could use when the person is short of cash or does not have cash while purchasing the item.
The benefit which is provided, it is against the interest which is being charged from the day the amount is spent till the date the whole amount (which is principle amount plus the interest amount) is paid to the company.
So, taking the cash in advance from the credit card would not be a wise decision as the interest begin from the day the advance is taken.
I believe the answer is: Self-interest
According to adam smith, people in general would put their own self-interest over other things that they are not interest in. Even though in some cases pursuing only for our self-interest could be a bad thing, in some cases it could make people able to pursue their dreams regardless of their unfavourable circumstances.
In the example above, self-interest cause mark to learn to cook without proper training. Self-interest to accumulate wealth for himself also drive his decision to start a restaurant.
Answer:
The answer is $41.2
Explanation:
This will be solved by Dividend Discount Model which is one of the ways of valuing the price of shareholders' equity.
Here, the future value of dividend payment are discounted using the cost of equity.
Ke = D1/Po + g
Where Ke is the cost of equity
D1 is future dividend payment.
Po is the current share price or stock price
g is the growth rate.
To find the current price of stock price, we need to re write the equation;
Po = D1 ÷ (Ke - g)
D1 = Do x 1.03
= $2 x 1.03
=2.06
Ke = 8% or 0.08
g = 3% or 0.03
So we have;
2.06 ÷ (0.08 -0.03)
$2.06 ÷ 0.05
$41.2
