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
EleoNora [17]
3 years ago
9

You can afford monthly payments of $3,100. Current mortgage rates are 3.45% for a 30-year fixed rate loan. You are required to m

ake a 20% down payment and have the cash to do it. What price home can you afford? g
Business
1 answer:
g100num [7]3 years ago
6 0

Answer:

$868,331.25

Explanation:

price of house = P

principal of loan = P x (1 - 20%) = 0.8P

using the present value of an annuity formula:

present value of the loan = monthly payment x annuity factor

monthly payment = $3,100

annuity factor (PV, 0.2875%, 360 periods) = 224.0854839

present value of the loan = $3,100 x 224.0854839 = $694,665 = 0.8P

total value of the house = P = $694,665 / 0.8 = $868,331.25

You might be interested in
The total cost of producing a given level of output is:____.
Sholpan [36]

Answer:

The total cost of producing a given level of output is:____.

d. minimized when the ratio of marginal product to input price is equal for all inputs.

Explanation:

With the above situation, the marginal cost (input price) = the marginal revenue (marginal product).  The producer can then maximize profit if it can lower its average total cost per unit below the marginal cost for producing one additional unit of its product.  In all cost situations, it is better for the producer to have the total revenue exceeding the total costs, at all times, but more especially with increasing production.

6 0
3 years ago
Ratios that measure the income or operating success of a company for a given period of time are.
RideAnS [48]
A solvency ratio. It measures the income or operates success of an enterprise for a given period of time.
8 0
2 years ago
A semiconductor company has established a plant overseas in South Africa, where the power grid is somewhat unreliable. Which of
Leya [2.2K]

Answer:

A. Infrastructure

Explanation:

Economic risks refers to the likelihood of a country's macroeconomic conditions affecting investments or domestic/foreign businesses prospect. There are various forms of economic risks. In this case, Infrastructure is the main economic risk affecting the semi-conductor company. Due to the fact that the power grid of south Africa is somewhat reliable and the company needs it for continuous manufacturing process, by moving to south Africa, they bear the risks of infrastructure (economic risks)

3 0
3 years ago
Read 2 more answers
Impact of globalization on HR
alexandr1967 [171]
Changed the pattern of employment because they’re organizing their business around their core competence to face congestive threats effectively

So basically effect’s who they hire because they’re looking for specific skills to build a strong defense against the competition
6 0
3 years ago
If you were a business owner, which one would be more important to you (making money or being happy)?
OleMash [197]

Answer:

being happy

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • If you are a project manager and have the choice of forming your core team either before or after charter approval, which would
    12·1 answer
  • Why does Maureen Riehl state that internet retailers have an "unfair price advantage" when they don't collect sales tax from out
    5·1 answer
  • The aggregate demand curve slopes downward indicating that
    13·1 answer
  • Can some one do this for me ASAP please help.
    7·1 answer
  • You own a local coffeeshop. recently, you noticed that customers were doodling on your white paper cups. intrigued, you set up a
    11·1 answer
  • The Tanner Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconc
    9·1 answer
  • Susmel Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash flo
    8·1 answer
  • Which of the following do brands with strong brand equity NOT necessarily have?
    7·1 answer
  • An externality is an unwarranted cost or benefit that affects...
    6·1 answer
  • If there are important external benefits associated with the consumption of a product:_______.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!