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
What steps are recommended for creating a successful person budget?
SpyIntel [72]
1. List<span> your expenses
</span>2. <span>Separate your wants and needs
3. </span><span>Make sure your expectations are realistic
4. </span><span>Consider buying budgeting software
5. </span><span>Get your family on board
I hope this helps :)

</span>
8 0
3 years ago
Read 2 more answers
Crawl Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock out
Maslowich

Answer:

total dividends distributed to common stock $6,000

dividends per common stock $0.12

Explanation:

preferred stock dividends = 1,000 x 6% x $50 = $3,000

since they are cumulative, if the dividends are not paid during one year, they must be paid in the next periods

the distribution of the $10,000 in dividends in 2018:

  • preferred dividends = $1,000 + $3,000 = $4,000
  • common stock dividends = $6,000

dividends per common stock = $6,000 / 50,000 = $0.12

5 0
3 years ago
Find the total cost of a 36 month car lease, if: monthly payment = $175 down payment = $1,500 residual value = $10,000 A. $11,67
FrozenT [24]
The answer is c. $17,800
7 0
3 years ago
Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level
SVEN [57.7K]

Answer:

$1,667.67

Explanation:

Given:

Balance in savings account at the beginning of the year = $2,000

Price level at the beginning of the year = 100

Price level at the end of the year = 120

Anything that is worth $120 in the beginning of the year is worth $100 at the end of the year.

Anything worth $1 in the beginning is worth 100/120 at the end.

So, $2,000 is worth \frac{100}{120}\times2,000 = $1,667.67 at the end of the year.

Real value of savings is close to $1,667.67.

6 0
3 years ago
According to Linda Hill's study, after six months as a manager, most of the new managers believed that their job was to:
r-ruslan [8.4K]

Answer:

<em>According to Linda Hill's study, after six months as a manager, most of the new managers believed that their job was to:</em><em> </em><em><u>solve </u></em><em><u>problems </u></em><em><u>for </u></em><em><u>subordinates</u></em>

Explanation:

<em>What</em><em> </em><em>is </em><em>subordinat</em><em>i</em><em>on </em><em>and </em><em>why</em><em> </em><em>is </em><em>it </em><em>important</em><em>?</em><em> </em>

<em>Subordination</em><em>:</em><em> </em>

<em>Making an idea more important than another idea in a sentence.</em>

3 0
3 years ago
Other questions:
  • It is always the interviewee’s fault if an interview is bad.
    7·2 answers
  • Firm BUS106 now has 100,000 shares of common stock outstanding, and the total market value of equity equals $5,000,000. It also
    14·2 answers
  • The marginal product of labor is the:
    13·1 answer
  • Fitbit makes health and fitness tracking devices. some buyers want very basic fitness tracking such as steps taken and calories
    5·1 answer
  • You tell Alex that the two of you are off to a great start. The balance sheet is completed, and it's time to start putting toget
    7·1 answer
  • Marina Inc. sells and services sailboats. On April 1, Marina financed the purchase of its entire inventory with ACE Finance Comp
    5·1 answer
  • suppose the transfers of pillars to the lantern would reduce sales to outside customers by 15000. whats the lowest transfer pric
    7·1 answer
  • What statement best describes good interview preparation?
    11·2 answers
  • On January 1, 2021, Wetick Optometrists leased diagnostic equipment from Southern Corp., which had purchased the equipment at a
    11·1 answer
  • at is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Ye
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!