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Ilya [14]
3 years ago
10

Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay

ments by $148 a month and incur closing costs of $2,500 as a result of refinancing. How long will it take them to recover the cost of refinancing?
Business
1 answer:
shtirl [24]3 years ago
6 0

Answer:

16.9 months

Explanation:

Recovery time = Refinancing cost / Monthly savings

= $2,500 / $148

= 16.9 months

You might be interested in
When Nintendo video games were introduced into the United States, they were priced at an introductory price of $299. This price
Mamont248 [21]

Answer:

Market penetration

Explanation:

Market penetration Is when the initial price of a new good or service is set really low. This is usually done to encourage consumers to demand for the product and to reduce the demand for competitors goods or services.

Market penetration is ususally done to gain market share and attract customers to a new product. After a period of time , prices would rise to normal levels.

Nintendo price was lower than Sega's price, it is expected that consumers would demand more of Nintendo and less of Sega games.

I hope my answer helps you.

3 0
3 years ago
Crane Company acquired a tract of land containing an extractable natural resource. Crane is required by its purchase contract to
Fittoniya [83]

Answer:

$3.28 per ton

Explanation:

Total value = Land + Estimated restoration costs

                  = $7,440,000 + 1,440,000

                  = $8,880,000

Value for depletion = Total value - Salvage value

                                 = $8,880,000 - $940,000

                                 = $7,940,000

Per ton Depletion:

= Value for depletion ÷ Recoverable reserves

= $7,940,000 ÷ 2,420,000 tons

= $3.28 per ton

7 0
3 years ago
Firms prefer FDI to licensing because FDI_____. a. increases the chances of opportunism when dealing with a host nation entity b
kati45 [8]

Answer:

D. provides the firm with direct ownership to its foreign assets

Explanation:

Firms prefer FDI to licensing because FDI provides the firm with direct ownership to its foreign assets

3 0
4 years ago
Design Math Quiz
LiRa [457]

Answer:

b) 4,000 + 5 x 1,000

Explanation:

The cost of 1000 items will be the total of

1). the set up cost

2). The per item cost multiplied by 1000 units

Therefore, the cost function will

=set up cost($4000 )  + cost of 1000 items( $5 x 1000)

=$4000 + $5 x 1000

4 0
3 years ago
Which part of a form can a user edit after its creation?
pashok25 [27]

Answer:

the name of the form

Explanation:

3 0
3 years ago
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