1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lelu [443]
2 years ago
14

Kathy is buying her first home. She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly paym

ents
Business
1 answer:
Vinvika [58]2 years ago
3 0

Based on Kathy's total cost of financing the home, the APR, and the period, her monthly payments would be $1,081.49.

<h3 /><h3>How much would Kathy pay per month?</h3>

Find the monthly period:

= 25 x 12

= 300 months

The monthly rate:

= 5%/12

= 5/12%

The monthly amount is:

= 185,000 / (( 1 - (1 + 5/12%)⁻³⁰⁰) / 5/12%)

= $1,081.49

Find out more on monthly loan payments at brainly.com/question/25599836.

#SPJ1

You might be interested in
All of the following are true statements EXCEPT:
Alex17521 [72]
I’m guessing the answer is D
6 0
3 years ago
a bond with a face value of $1,000 has 12 years until maturity, has a coupon rate of 5.4%, and sells for $1,087. what is the yie
77julia77 [94]

If interest is paid annually the YTM is 4.48% and if interest is paid semi annually YTM is 2.24%. YTM means Yield to maturity that is paid on bonds ,to determine YTM we first calculate interest on the bonds which is explained below. Formula for YTM is given in the attachment.

Interest is paid annually
Annual Interest = 1000*5.4% = 54

YTM = [54 +(1000 - 1087)/12] /(1000+1087)/2 = 46.75 /1043.5

YTM = 4.480%

Interest paid semi annually

Interest = 1000*5.4% = 54/2 = 27

YTM = [27 + (1000 -1087)/24] / (1000+1087)/2 = 23.375/1043.5

YTM = 2.240%

In the above equation, time period is 24(12*2) because time period is semi annual.

A fixed-rate investment, such as a bond, has a speculative rate of return or interest known as yield to maturity (YTM), also known as redemption or book yield. The YTM is predicated on the idea or understanding that an investor buys the security at the current market price and retains it until it matures (reaches its full value), as well as the assumption that all interest and coupon payments are made on schedule.

Learn more about bonds here

brainly.com/question/25596583

#SPJ4

8 0
1 year ago
There is a bill pending before the kansas state legislature that would prohibit private companies from selling health insurance
Alisiya [41]

<span>Quite a number of private health insurance companies have expended huge sums of money in a bid to prevent a pending bill before the Kansas state legislature from being passed into law. This bill advocates that the state should be the only payer of health care bills by prohibiting private establishments from selling health insurance. The action of these private health insurance companies is an example of rent-seeking behavior.</span>

6 0
3 years ago
Rick prepared financial statements for MegaCorp knowing that it was going to use his statements to apply for a loan with Big Ban
Ymorist [56]

Answer:

The correct answer is the option D: Both the foreseeable doctrine and the restatement doctrine.

Explanation:

On the one hand, the <em>foreseeable doctrine</em> dictates that there is a limit in the liability of party for those acts that he has done and that carry a risk of foreseeable harm. Therefore that this point of view establishes that a reasonable person would be able to understand and so to know when a certain action would bring certain damages to another party.

On the oher hand, the <em>restatement doctrine</em> establishes that there are a set of treatises on legal subjects that primarily are looking for to inform judges and lawyers about general principles of common law. And therefore that those treatises will help both the judge and the lawyers at the time of the trial when the person has to go to court.

3 0
4 years ago
If g = $800 billion, tax receipts = $850 billion, and there is an inflationary gap of $100 billion, there is?
vagabundo [1.1K]

If g = $800 billion, tax receipts = $850 billion, and there is an inflationary gap of $100 billion, there is a budget surplus.

Taxes are mandatory contributions levied on people or businesses by means of a government entity—whether or not nearby, local, or country-wide. Tax revenues finance authorities' sports, including public works and offerings consisting of roads and colleges, or programs which include Social Protection and Medicare.

The principal purpose of taxation is to elevate sales for the services and profits that help the network's desires. Public revenues ought to be good enough for that motive. 2. Tax should, as far as viable, be levied equitably, consistent with the potential to pay.

Learn more about Tax here: brainly.com/question/25783927

#SPJ4

6 0
2 years ago
Other questions:
  • Parul Janta has just begun to understand French culture, even though she has lived in France for two years. She is nearly fluent
    15·1 answer
  • ​bill's organization expects​ 50% of profits to be generated by products that did not exist five years ago. what is the nature o
    14·1 answer
  • According to John Rawls, those in the original position must choose the principles of justice in ignorance of all of the followi
    13·1 answer
  • On March​ 1, 2018, Vintage Services issued an​ 8% long-term notes payable for​ $22,000. It is payable over a​ 16-year term in​ $
    11·1 answer
  • True or false: if you buy enough different stocks, you can diversify out all risk in the stock market.
    12·1 answer
  • What type of policy would offer a 40-year old the quickest accumulation of cash value?
    5·1 answer
  • Hunters should teach others, work with landowners, and cooperate with game wardens. these efforts are part of what makes a hunte
    11·1 answer
  • For much of the first half of the twentieth​ century, managers viewed work specialization as​ ________.
    8·1 answer
  • Does a shortage of houses lead to increase in demand? or decrease?
    5·2 answers
  • Black Sheep Printing has 35 employees distributed among the following departments: Sales: 10 Factory: 15 Administration: 10. The
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!