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ValentinkaMS [17]
1 year 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]1 year 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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Currently, Warren Industries can sell 15-year​, ​$1,000​-par-value bonds paying annual interest at a 12​% coupon rate. Because c
Korolek [52]

Answer:

11.57% and 9.02%

Explanation:

For computing the before-tax and after- tax cost of debt we use the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $1,050 - $20 = $1,030

Future value or Face value = $1,000  

PMT = 1,000 × 12% = $120

NPER = 15 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 11.57%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 11.57% × ( 1 - 0.22)

= 9.02%

6 0
3 years ago
Janet was willing to contribute $30 this year to her local college radio station. However, after learning that the radio station
trasher [3.6K]

Answer:

Free rider problem

Explanation:

A popular term that describes a situation when those who benefit from resources, or services offered to the community do not pay for them.

The free-rider problem usually occurs with goods or services which are non-restrictive like radio services.

Since Janet does not pay for the radio services and yet benefits from it, she is a free rider.

3 0
4 years ago
In a perfectly competitive market, the process of entry and exit will end when (i) accounting profits are zero. (ii) economic pr
Viktor [21]

Answer:

Answer is: ( ii ) and ( iv ) only.

Explanation:

In a perfectly competitive market , the process of entry and exit will end when the price equals minimum average total cost, resulting to zero economic profits at this point.

<em>Please note that the labeling of your options are not too clear, so pick the option that my answer correlates with. </em>

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You want to borrow $38,400 and can afford monthly payments of $960 for 48 months, but no more. assume monthly compounding. what
Andru [333]

To calculate the APR, we first calculate the monthly rate and then the APR (Annual percentage rate)

Monthly rate is calculated by using RATE function in excel as in =RATE(NPER,PMT,PV) where

NPER =  number of period in months = 48

PMT = Monthly payment = 960

PV = Loan value = 38400

Monthly rate = RATE(48,960,-38400) = 0.77015%

APR = Monthly rate * 12

APR = 0.77015%*12

APR = 9.24% (Rounded to 2 decimals)


7 0
4 years ago
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