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vodomira [7]
3 years ago
14

What is the new payment on a 25-year, monthly payment, adjustable-rate mortgage after five years if the interest rate changes fr

om 9.75% to 8.75% The original amount of the loan was $125,000, the original term was 25 years, and there are 20 years left on the mortgage. Round your answera. $1,050
b. $1,150
c. $1,000
d. $1,100
Business
1 answer:
Neko [114]3 years ago
4 0

Answer:

Option A is correct

Explanation:

R = [P*(r/12)]/[1-(12/(12+r))]^(12*r)

t = time = 25 years

P = initial principal = 125000

R = initial interest rate = 9.75

So therefore:

R = 125000* (0.0975/12)/[ 1 - (12/(12+0.975)]^(300)

R = 1015.625/(1-0.088)

R = $1113.62 per month

Compounding R for the first five years = 6205.4

Balance = 125000 - 6205.4 = 118792.7

So therefore with the new rate = 8.75

New P = 118792.7

t = 20

R = 118792.7*(0.0875/12)/[1- (12/(12+0.0875))^(240)]

R = 866.197/0.825

R = 1049.93 = $1050

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There is no one method that works for all the business ventures that involve global development. The emphasis on efficiency and low cost, as well as meeting cultural and societal needs locally, influence how these tactics are the different. International multi-domestic, global, and transnational are the four fundamental international strategies that multinational firms can choose from.

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Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou
Hatshy [7]
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3 years ago
FaveMart, a discount chain store, offers the same basic products in all of its stores. It has a state-of-the-art distribution ne
Nikolay [14]

Answer:

c. production orientation  

Explanation:

Production orientation approach for innovation -

It refers to the method of production , the quality of product is very important , as a good quality product is sold very easily , is referred to as production orientation approach .

The concept is used along with targeting the right area of audience , in order to produce the best products , and the targeted consumers can efficiently use them , which will increase the demand of the product , and hence , the profit of the company will increase .

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The correct term is c. Production orientation approach for innovation.  

4 0
2 years ago
Whats the best song by Lil Tjay?<br> Callin My Phone<br> Resume<br> Move on<br> Leaked<br> Hold On
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3 years ago
Read 2 more answers
You are analyzing a company that has cash of $8,800, accounts receivable of $15,800, fixed assets of $87,600, accounts payable o
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Answer:

quick ratio =  0.61  

Explanation:

given data

cash = $8,800

accounts receivable = $15,800

fixed assets = $87,600

accounts payable = $40,300

inventory = $46,900

solution

we get here quick ratio that is express as

quick ratio = (Cash + Accounts receivable) ÷ (Accounts Payable)   .................1

put here value and we get

quick ratio = \frac{8800+15800}{40300}  

quick ratio =  0.61  

so correct option is c. 61

7 0
2 years ago
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