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
Greeley [361]
1 year ago
13

Ted and Carol want to buy a house that is listed for $105,000. The seller accepts the offer they wrote for $5,000 less than list

price. They have a 2.091.
Business
1 answer:
tensa zangetsu [6.8K]1 year ago
7 0

The monthly PITI payment will be $618.90.

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

Price of property after discount = 105000 – 5000 = $100000

Loan amount = 80% of the price after discount = $80000

Monthly interest rate R = 5.5%/12 = .458%

Let, the monthly payment (without tax and insurance) = EMI

Time (n) = 360 months (30 years)

Then,

80000 = EMI*(1-1/(1+R)^360)/R = EMI*(1-1/1.00458^360)/.00458

80000 = EMI*176.1996

EMI = 80000/176.1996

EMI = $454.03

Final PITI EMI = EMI + monthly tax + monthly insurance

Final PITI EMI = 454.03 + 1494/12 + 480/12

Final PITI EMI = 618.90

Learn more about payment on:

brainly.com/question/10373676

#SPJ1

You might be interested in
As prosperity and economic development rise, ________ increases as well.
crimeas [40]
As prosperity and economic development rise, individualism increases as well.

Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual. 
4 0
3 years ago
The ability to use technology and commitment to stay informed on the latest technological developments is calledb
cluponka [151]

Answer:

Management of organizations

3 0
3 years ago
A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights
bekas [8.4K]

A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offering that is left unsubscribed is known as a stand-by commitment.

Commitment means the consent of the backstop parties under the Backstop Rights Purchase Agreement, and purchases of all rights offering shares that exceed the Sopris Senior Note Commitment that the rights offering participants do not purchase in accordance with the rights offering.

Commitment: With firm commitment underwriting, the underwriter guarantees that the issuer will purchase all securities for sale, regardless of whether they can be sold to the investor. This is the most desirable arrangement as it immediately guarantees all the money of the issuer.

Commitment usually refers to the insurer's agreement to assume all inventory risk. A firm commitment also means agreeing to buy and sell all IPO securities directly from the issuer. Other uses of commitments relate to loans and derivatives.

Learn more about commitment here: brainly.com/question/472211

#SPJ4

6 0
2 years ago
Organizing the second level of the Work Breakdown Structure by major design components facilitates rolling wave planning.True /
bazaltina [42]

Answer:

The statement is false

Explanation:

WBS stands for Work Breakdown Structure is the outcome or output that is oriented analysis of the work, comprise in the project and describe the aggregate scope of the project.

It provides the basis for managing as well as planning the schedule of the project and the budget.

And organizing the second level of WBS, states the objectivities of the project, therefore, it does not facilitates the rolling wave planning through the design components.

4 0
3 years ago
Conducting research about an occupation, company, or job can increase your employability. Please select the best answer from the
UkoKoshka [18]
Your answer will be true! good luck
7 0
3 years ago
Read 2 more answers
Other questions:
  • An exclusive control like in a business A. Bureaucracy B. Balance and Trade C. Monopoly D. Checks and Balances
    8·2 answers
  • Kelly was working as a chef for a restaurant chain, She was promised a salary of $3,000 per month as her gross pay. She began pl
    14·1 answer
  • What was Henry Ford's output
    11·1 answer
  • You are a technical analyst for computer networking solutions for businesses. A client of yours owns a catering business that is
    9·2 answers
  • The three inventory costing methods will normally each yield different amounts of net income
    10·1 answer
  • The Hudson Corporation has 7,600 obsolete units of a product that are carried in inventory at a manufacturing cost of $152,000.
    15·1 answer
  • GG Inc. uses LIFO. GG disclosed that if FIFO had been used, inventory at the end of 2021 would have been $16 million higher than
    15·1 answer
  • Multiple choice-- economics
    8·1 answer
  • Help please!!!!!!!!!!!!!!!!!!!
    11·1 answer
  • Why do more educated workers tend to earn more than less-educated workers?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!