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ValentinkaMS [17]
11 months ago
15

condominiums usually require a monthly fee for various services. at $320 a month, how much would a homeowner pay over a period o

f 7 years for living in this housing facility?
Business
1 answer:
Nataly [62]11 months ago
8 0

$26880 , A condominium is a type of ownership arrangement in which a single building is divided into a number of different units, each of which is separately owned, and which are surrounded by jointly held common areas.

<h3>What is condominiums?</h3>

A condominium is a type of ownership arrangement in which a single building is divided into a number of different units, each of which is separately owned, and which are surrounded by jointly held common areas. The phrase can be used to describe both the entire structure or complex and each individual unit therein.

320*12=3840

3840*7=$26880

A condo, often known as a condominium, is a type of housing or residential complex that consists of distinct units, each of which is owned by a different person. A condo is rented directly from the condominium owner when it is rented.

Ownership is the main distinction between a condo and an apartment. Apartments are characterized as rented homes, frequently found in larger residential buildings. Condos are similar to apartments in structure and are typically apartments within larger residential buildings, but condos are owned rather than rented.

To learn more about condominium refer to:

brainly.com/question/1167654

#SPJ4

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Which interest-bearing account is best for people who won't need access to their money for several months or longer?
Alecsey [184]
The answer is A. 
CD(<span>Certificate of Deposit)</span> is similar to a saving account, but it has additional perks. There is a minimum amount of money you have to deposit and you have to deposit that money for a certain amount of time (term). CDs have better interest rate than savings accounts, but if you withdraw your money before the term you pay penalties.
This makes them a good option for people have some extra money that they won't need in a near future.
3 0
3 years ago
Complete this analogy: The computer is to hardware as a productivity program is to _____.
nikitadnepr [17]

Answer:

3. Software

Explanation:

7 0
3 years ago
What are some Excel functions that a financial planner might use or need?
alexandr1967 [171]
1. Vlookup and Hlookup
2. Pivot table
3. some IF functions such as countif, countifs

7 0
3 years ago
Interest Practice<br> How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?
shusha [124]

Answer:

x1.044 - x

Explanation:

The formula for calculating compound interest is as below

FV = PV × (1+r)^n

where FV = Future Value

PV = Present Value

r = annual interest rate

n = number of periods

How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?

In this case, PV =X, r =4.4% and n=1

FV = x  x ( 1+4.4/100)^1

Fv = x  x( 1.044)^1

Fv = x1.044

x dollars will earn x1.044 - x

8 0
3 years ago
A publisher reports that 55% of their readers own a particular make of car. a marketing executive wants to test the claim that t
Dominik [7]

Based on the percentage of readers who own a particular make of the car and the random sample, we can infer that there is sufficient evidence at a 0.02 level to support the executive claim.

<h3>What is the evidence to support the executive's claim?</h3>

The hypothesis is:

Null hypothesis : P = 0.55

Alternate hypothesis : P ≠ 0.55

We then need to find the test statistic:

= (Probability found by marketing executive - Probability from publisher) / √( (Probability from publisher x (1 - Probability from publisher))/ number of people sampled

= (0.46 - 0.55) / √(( 0.55 x ( 1 - 0.55)) / 200

= -2.56

Using this z value as the test statistic, perform a two-tailed test to show:

= P( Z < -2.56) + P(Z > 2.56)

= 0.0052 + 0.0052

= 0.0104

The p-value is 0.0104 which is less than the significance level of 0.02. This means that we reject the null hypothesis.

The Marketing executive was correct.

Find out more on the null and alternate hypothesis at brainly.com/question/25263462

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8 0
2 years ago
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