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
How to generate leads on LinkedIn safely?
SSSSS [86.1K]

Answer:

<em>Cloud-based automation tools are very rewarding when used with a careful and disciplined approach. The purpose of automation tools is to make things easier for humans and that’s what cloud-based automation has been designed for. These tools come with advanced features and provide dedicated IPs which makes lead generation a 100% safe process.</em>

8 0
3 years ago
Use the following Year 3 data: Other Selling and Administrative Expenses $ 1,052,000 Other Expenses 249,300 Sales Revenue 4,887,
Talja [164]

Answer:

$222,450

Explanation:

Computation of annual income statement for Kvass Inc. is shown below

Sales revenue

$4,887,000

Less:

Selling and admn expenses

($1,052,000)

Other expenses

($249,300)

Advertising and promotion expenses

($553,350)

Salaries and wages expenses

($2,527,800)

Income tax expenses

($167,350)

Interest expense

($114,750)

Net income

$222,450

8 0
3 years ago
Visit the web site for a different well-known company, and find the section that lists the company's values. what are the compan
vovangra [49]

Person can visit the website of Microsoft is the well known company to find the section that lists the company's values.

<h3>What are the core values that Microsoft has?</h3>

  • Innovation - People think that technology can and should be used for good, and that meaningful innovation can and will help to make the world a better place in both large and little ways.
  • Inclusion and variety Diverse voices allow us to thrive. To inform, challenge, and push our thinking, we draw on the experiences, strengths, and perspectives of our workers and customers.
  • CSR- people think that technology has the potential to be a great force for good, and we are working to ensure that everyone has access to the benefits and opportunities that technology provides.
  • Artificial Intelligence- AI, we believe, can enhance your capabilities, free you up for more creative and strategic pursuits, and help you or your organization achieve more when it is created with humans at the heart

Thus, Microsoft is company that have a solid values.

For further details about core values that Microsoft , click here:

brainly.com/question/17031465

#SPJ1

6 0
2 years ago
Blue Ridge Crafters is a co-operative that distributes traditional household furnishings, such as home-spun textiles, hand-throw
Harman [31]

Answer:

C) Horizontal growth strategy.

Explanation:

In the given situation, blue ridge would added non related products for the customers who already purchased it from them. Also it shows the concept of one-stop shop i.e. catering should be provided to all rounds requirement for the customers who visited them

Therefore as per the given scenario, the option c is correct

And, the same would be considered

5 0
3 years ago
Productivity may best be defined as
AleksandrR [38]
<span>The answer is C. Productivity is the ratio of outputs to inputs. This answer is correct because productivity is a measure of efficiency, and is not a measure of quantity, profit (revenue), or quality. Productivity is the measure of effectiveness in converting inputs to outputs.</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • A stadium has two sponsorship deals. Deal A has revenue of $100,000 and expenses of $10,000. Deal B has revenue of $50,000 and e
    7·2 answers
  • Copywriters can correlate the visual and headline to the _____ step of the creative pyramid.
    12·1 answer
  • Sweet Corporation owns machinery that cost $23,200 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $
    11·1 answer
  • Navy core values, though fundamental to Naval operations, are overlooked in a TCRM situation. A ) True B ) False
    8·1 answer
  • A customer opens a new margin account with the following position:
    14·1 answer
  • An​ avant-garde clothing manufacturer runs a series of​ high-profile, risque ads on a billboard on highway 101 and regularly col
    11·1 answer
  • Production equipment costing $500,000 has been purchased by a contract manufacturing company to meet the specific needs of a cus
    7·1 answer
  • Coronado, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
    15·1 answer
  • "Minimum wage laws cause unemployment because the legal minimum wage is set" 9) A) above the market wage, causing labor demand t
    13·1 answer
  • Sheila and her team were able to successfully implement an IS in a hospitality organization. Match the success factors to their
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!