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4 years ago

Costs incurred indirectly and allocated to a responsibility level are considered to be

2 answers:

6 0

<span>Costs incurred indirectly and allocated to a responsibility level are considered to be: non-controllable at that level
The cost that allocated to a responsibility level tends to be backed by a strong legal component.
Which means, the amount of payment that we should give will be held accountable to eyes with the specific amount and time.

</span>

andreev551 [17]4 years ago

5 0

Costs incurred indirectly and allocated to a responsibility level are considered to be non-controllable at that level.

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Buyer Brittany has a signed document that would allow her to purchase a property within one year at an agreed upon price. Which

Galina-37 [17]

Answer:

a purchase option

Explanation:

A purchase option in a real estate contract allows the buyer to purchase a property within a certain specified of time for an agreed price. For example, I have a purchase option that allows me to buy an apartment within 6 months for $150,000.

While the purchase option is valid, the seller cannot sell or transfer the property to another buyer.

4 0

4 years ago

A loan is amortized over five years with monthly payments (i.e. end of month) at an annual nominal interest rate of 5% compounde

BlackZzzverrR [31]

Given:
Amortizing period = 5 years
APR=5% per annum
interest rate, i = 0.05/12 per month
number of periods, n = 5*12=60 months (for amortization)
Payment schedule:
$500 at the end of first month,
increased by $20 each month thereafter.
Borrowed amount: not given

Question: Find outstanding loan balance after the 40th payment.

Solution:
Step 1: First we need to find the amount borrowed, P.
From the payment schedule, we decompose the payment into two components,

A. Equivalent uniform monthly payment, As, for a step amount of G=$20 a month, starting with zero after the first month, for a period of 5 years (n=60).
The value of As can be obtained from a specialized formula for step-payments,
$As=\frac{G((1+i)^{n}-i*n-1)}{i(1+i)^{n}-i}$
Substitute values, G=20,i=0.05/12,n=60
$As=\frac{20((1+.05/12)^{60}-(.05/12)*60-1)}{(.05/12)(1+.05/12)^{60}-(.05/60)}$
=565.0847

B. Principal, Pb, for a uniform monthly payment of A a month
The principal,Pb can be found from the basic amortizing formula to be
$Pb=\frac{A((1+i)^{n}-1)}{i(1+i)^{n}}$
We have
Equivalent uniform monthly payment
=500+equivalent uniform payment step amounts
=500+565.0847
=1065.0847
substituting values, A=1065.0847,i=.05/12,n=60
$=\frac{1065.0847((1+.05/12)^{60}-1)}{(.05/12)(1+.05/12)^{60}}$
=56439.591
check: average monthly payment = 1100
duration: 60 months
total amount paid = 60*1100=66000
average annual interest=((66000-56439)/56439-1)/5=3.3% (~ 5%/2) ok.

Amount borrowed, P=56439.591

Step 2: Future value of loan at the end of the 40th month.
This can be found by the compound interest formula
F=P(1+i)^n=56439.591(1+0.05/12)^40=66652.416

Step 3: Future value of payments
first we need to find the equivalent monthly payment of the step payments, using the same formula as in step 1, but with n=40
$A=\frac{G((1+i)^{n}-i*n-1)}{i(1+i)^{n}-i}$
$=\frac{20((1+0.05/12)^{40}-(0.05/12)*40-1)}{(0.05/12)(1+0.05/12)^{40}-(0.05/12)}$
=378.924
This should be added to the constant payment of $500 a month to give
A=500+378.924=878.924
Future value of monthly payment of 878.924
$F=\frac{A((1+i)^{n}-1)}{i}$
Substitute values, A=878.924, i=0.05/12, n=40
$=\frac{878.924((1+0.05/12)^{40}-1)}{0.05/12}$
=38170.213

Step 4: Outstanding balance right after the 40th payment
=future value of loan - future value of payments
=66652.416-38170.213
=28482.20

Answer: Outstanding balance after the 40th payment is $28482.20

7 0

3 years ago

11. What does a bank use to make loans? *

maxonik [38]

Explanation:

11.

Banks use depositors' money to make loans

12.

A central bank, such as the Federal Reserve in the U.S., will use expansionary monetary to strengthen an economy.

13.

Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy.

3 0

3 years ago

Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the ye

Burka [1]

The answer is $34,990

3 0

4 years ago

Compare the roles of the United Nations, the World Bank, the European Union, the World Trade Organization, and non-governmental

Anuta_ua [19.1K]

Answer:

The United Nations

Explanation:

The united nations ensures peace and security to the world,which is the most important thing

4 0

3 years ago