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borishaifa [10]
1 year ago
15

assume you have taken out a partially amortizing loan for $1,000,000 that has a term of 7 years, but amortizes over 20 years. ca

lculate the balloon payment if the interest rate on this loan is 9%.
Business
1 answer:
olga55 [171]1 year ago
6 0

Answer:

The balloon payment for this loan would be $581,213.92. This can be calculated by taking the original loan amount of $1,000,000, multiplied by the interest rate of 9%, then multiplied by the difference in the amortization period (20 years) and the loan term (7 years). This equals $540,000. Finally, add the original loan amount to the interest amount, resulting in $1,540,000. This is the total amount due at the end of the loan term, or the balloon payment.

Explanation:

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Jackie is often surprised when she goes to other countries to learn that people do business so differently. For instance, in mee
DochEvi [55]

Answer:

Self reference criterion ( C )

Explanation:

The cultural differences seem strange to Jackie because she is relying on her self reference criterion

self reference criterion is the influence one's  culture will have on the person when the person is exposed to a situation that is suppose to portray the culture the person is used to, but the situation portrays a different culture, hence based on her cultural values and experience she believes that  small talks makes the meeting unnecessarily long

8 0
4 years ago
You are the director of marketing. Your department has been doing well, but the company as a whole has been losing revenue stead
garik1379 [7]

Answer:

I. Thank employees for being willing to make a sacrifice for the good of the company.

II. State the facts of the company's financial situation.

III. Inform employees that they will receive a 15% pay cut.

IV. Close with forward looking statement.

Explanation:

The company's financial situation has led the managers to decide for a pay cut instead of lay off to improve the financial position of the company and stay in the budget. The company should appraise employees that they understand the company's situation and are willing to accept the pay cut. The director should inform employees about the current financial situation and provide details about the pay cut plan. The email should close with a forward looking statement and a statement that as soon as the situation of company gets better the employees will receive full salaries as always.

7 0
3 years ago
A real estate licensee typically allows the licensee to A) give tax advice to a prospective purchaser of real estate. B) provide
natka813 [3]

C) represent clients and customers in residential or commercial property transactions, but not both.

A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.

A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.

Other duties of a real estate licensee are :

  1. Determining clients’ needs and financials abilities to propose solutions that suit them.
  2. Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.

Learn more about real estate licensee here : brainly.com/question/25506644

7 0
3 years ago
Read 2 more answers
Milford Company sells a motor that carries a three-month unconditional warranty against product failure. Based on a reliable sta
Solnce55 [7]

Answer: See explanation

Explanation:

Number of units sold = 76000

Percentage repair= 2%

Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520

Actual defective units = 490 + 350 + 210 = 1050

Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470

Repair cost = $50

Warranty expense = 470 × $50 = $23500

The journal entry will then be:

31 December:

Debit: Product warranty expense = $23500

Credit: Estimated liability for product warranty = $23500

3 0
3 years ago
6.<br> with a traditional bank, who is bearing the risk of the borrower defaulting?
Vikki [24]
The lender is bearing the risk on defaulting the loan
4 0
3 years ago
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