Sarah exchanges a building and land (used in her business) for Tyler's land and building and some equipment (used in his busines
1 answer:
Sarah exchanges a building and land (used in her business) for Tyler's land and building and some equipment (used in his business).
<h3>What is land?</h3>The solid surface of Earth that is not permanently submerged in water is referred to as land, dry land, or ground. Most, but not all, land is located above sea level and is composed primarily of crustal components such as rock, sand, soil, and occasionally ice.
A land is a solid Earth surface that is not permanently covered by water. Land accounts for approximately 29.2% of the total surface area of the Earth, while water, including ice, accounts for 70.8%. The land area is 148,939,063 square kilometers. Complete Answer: The Earth's surface is either land or water.
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Answer: The actual rate of the mortgage is 5.27%.
Since we're taking two mortgages for a total of $200,000 for 30 years, we can find the actual rate of the mortgage by finding the weighted average of the two rates. The weights in this case will be the proportion of loan taken at each rate
We have
Rates Weights Rates * Weights
4.15 0.80
9.75 0.20
Total 5.27%