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
lesya [120]
2 years ago
6

Brian Burkhardt is planning to purchase a home and expects to borrow $291,400 as a mortgage. He can get a 30-year mortgage at a

rate of 4.10%, and his monthly payments will be:
Business
1 answer:
Vsevolod [243]2 years ago
4 0

Brian Burkhardt's monthly payments for this mortgage would be equal to $1,423.92.

<h3>How to calculate monthly payment?</h3>

Mathematically, the monthly payment for a mortgage can be calculated by using this formula:

M=P(\frac{r}{1-(1+r)^{-nt}} )

<u>Where:</u>

  • P is the principal.
  • r is the interest rate.
  • M is the monthly payment.
  • t is the time in years.
  • n is the number of times it's compounded.

<u>Note:</u> r = 4.10 = 0.041/12 = 0.0034

Substituting the given parameters into the formula, we have;

M=291400(\frac{0.0034}{1-(1+0.0034)^{-12\times 30}} )\\\\M=291400(\frac{0.0034}{1-0.3402} )\\\\M=291400(\frac{0.0034}{0.6598} )\\\\M=291400 \times 0.004887

M = $1,423.92.

Read more on monthly payment here: brainly.com/question/2151013

#SPJ1

You might be interested in
Testbank Multiple Choice Question 100 Bramble Corp. purchased machinery on January 2, 2015, for $880000. The straight-line metho
ValentinkaMS [17]

Answer:

33,585.71

Explanation:

5 0
3 years ago
Given the following data for Vinyard Corporation:
rosijanka [135]

Answer:

C

Explanation:

D / V = 1000 / 4000

Dividing 1000 by 4000 gives 0.25 = 25%

E / V = 3000 / 4000

Dividing 3000 by 4000 gives 0.75 = 75%

7 0
3 years ago
Kane manages a used bookstore. He reads a report advising him to stock
sergeinik [125]

Answer:

I would say that the answer is D. If he knows that people don't buy encyclopedia's, yet he stocks them, the store could lose money because no one would buy it.

Explanation:

Hope this helps. :D

4 0
3 years ago
Read 2 more answers
The Lin household’s annual income is $188000. Based on the U.S. federal tax rates below, what is the average tax rate for the Li
Sedaia [141]

Answer:

24%

Explanation:

For the taxes due on April 2020 (current year taxes):

The Lin household falls under the fourth tax bracket for married individuals filing jointly:

  • tax rate 24%
  • Income between $171,051 to $326,600

If no deductions were available, they would owe $188,000 x 24% = $45,120 in taxes.

6 0
3 years ago
Brian owns a company that makes inexpensive replacement parts for bicycles. He's ready to increase the scale of his business and
mina [271]

Answer:

His ads can appear on websites relevant to bicycles, and therefore connect him to his potential audience.

Explanation:

Search engine optimization in marketing involves including keywords in the content so that when users search for materials related to such content, the content would appear among the relevant results. For businesses that want to improve the sales of their products by making use of Google Display Ads, it is important to use keywords as the content of the advertising so that the advertisements can appear on websites relevant to the potential audience.

The main goal of advertising would be defeated if the products are marketed to people who have no interest in them. If Brian's bicycles are marketed on a website containing content for children, it would be difficult for him to make sales. Google Display Ads ensure that the right audience see the advertisements.

3 0
3 years ago
Other questions:
  • A builder of custom homes reduced the price of a model by 25​%. if the new price is $480,000, what was its original​ price? how
    8·1 answer
  • The following events took place at a manufacturing company for the current year: (1) Purchased $96,300 in direct materials. (2)
    12·1 answer
  • Andrew, an employee in a corporate company, is asked to conduct a systematic evaluation of how well the company is meeting its e
    7·1 answer
  • Gorton's sells Gorton's Fish Sticks, Gorton's Fish Fillets, and Gorton Grilled Fish. This is an example of
    5·1 answer
  • A company pays its employees $4,250 each Friday, which amounts to $850 per day for the five-day workweek that begins on Monday.
    10·1 answer
  • A Bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the the rate of 18% per year. If the interest r
    8·1 answer
  • From an economic point of​ view, India and China are somewhat​ similar: Both are​ huge, low-wage​ countries, probably with simil
    12·1 answer
  • HELP!!! Economists note that personal income rose by 5 percent last year. What impact will the change in personal income have on
    8·1 answer
  • Handmade Soaps Company had operating expenses of $52,000. At the beginning of the year, Handmade Soaps owed $15,000 on accrued l
    11·1 answer
  • Why or why not hats and hoods should be allowed in school
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!