1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
Prompt What is a loan?
AfilCa [17]

Answer:

In fact these loans are basically short term loans which do not require any collateral pledging to get its approval. ... Instead, the criterion for availing these loans is very simple.

4 0
3 years ago
Read 2 more answers
Willy makes proper use of the wiki feature on the company intranet when he ________. science forums
beks73 [17]

Answer:

Adds some updated features to product information, that way, he can effectively utilize the wiki feature as he so desires.

7 0
3 years ago
In most societies, resources are allocated by
Maksim231197 [3]
In most societies, resources are allocated by the combined action of millions of households and firms.
Resources are very important to setup and build societies. Resources are scare and this is the reason why societies and households faces many decisions. How societies manage scare resources, we study this in economics.
7 0
3 years ago
Suppose that government officials have set an emissions tax to reduce pollution. Assume that the optimal tax would be $1,500, bu
Mariulka [41]

Answer: there will be too much pollution

Explanation:

From the question, we are informed that government officials have set an emissions tax to reduce pollution and that the optimal tax should have been $1,500 but government officials have set the tax equal to $500.

It should be noted that due to the fact that the optimal tax has been set below the equilibrium, this will lead to a rise in pollution as the people will be aware that they're paying less than the optimal level which will lead to more pollution. An increase in the optimal tax will have help in reducing the pollution.

8 0
3 years ago
A CPA issued an unqualified opinion on the financial statements of a company that sold common stock in a public offering subject
JulijaS [17]

Answer:

The misstatement is immaterial in the overall context of the financial statements.

Explanation:

An immaterial misstatement is an omission that has not been treated correctly but is not significant enough to negatively influence the use of the financial statements or the decisions made by those using them. This immaterial misstatements do not represent fraud or intentional wrongdoing.

7 0
3 years ago
Other questions:
  • Most major furniture manufacturers affix labels to their wares that explain the products' construction features, such as type of
    11·1 answer
  • Mary martin earns a gross salary of $2,000 per month. state unemployment insurance of $90 is withheld from each of her monthly c
    15·1 answer
  • An increase in the government’s budget surplus means a. public saving is greater than $0 and increasing. b. public saving is gre
    15·1 answer
  • Frank Co. is currently operating at 80 percent of capacity and is currently purchasing a part used in its manufacturing operatio
    7·1 answer
  • Because different nations have vastly different numbers of people living in them, Gross Domestic Product (GDP) is a very poor wa
    10·1 answer
  • Assume the following sales data for a company: Year 2 $684,000 Year 1 $600,000 What is the percentage increase in sales from Yea
    5·1 answer
  • GMM co. plans to issue annual coupon bonds with 7.5% coupon rate to the public, maturing in 10 years. The face value of the bond
    7·1 answer
  • Use the model developed in Chapter 3 and assume that consumption does not depend on the interest rate. Holding other things cons
    8·1 answer
  • A __________ is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a co
    5·1 answer
  • Read the following statements and decide in which one you think it is ?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!