Since you are paying 20% up front, you are paying $45000 up front (.20*225000) which means you are borrowing
225000-45000 = $180,000.
Hopefully, you've learned the formula for figuring out the payment for an amortization problem. It is as follows:
A=P [(1+R/n)nt *R/n] / [(1+R/n)nt -1] A is the amount for each payment, P is the principal, r is the rate, n is the number of payments per year and t is the time in years
So A = 180000 [(1+.065/12)12*30 * .065/12] / [(1+.065/12)360 -1]
A = 180000 [ .037872239/5.991797982]
A = 1137.72
So you will have 360 payments of 1137.72. So over the 30 years, you will pay 360 * 1137.72 = $409,579.20 and you only borrowed 180,000, which means when you subtract them, you'll have 229,579.20 in interest.
Hope this helped.
Answer:
30 days.
Explanation:
It is illegal for the landlord to deduct from the security post because it belongs to the tenant. But if there is any damage or breach by the tenant, the landlord can deduct the security post. In this case there must a 30-day advance notice stating that the tenant will forfeit the right to security post.
Answer: Financial Notes and Supplementary Schedules
Explanation:
The Financial Notes and Supplementary Schedules is also known as footnotes.
The notes discloses-
a. Assumptions used in the preparation of the financial statements.
b. Discloses accounting policies used in the preparation of the financial statements.
c. Financial instruments been used by the business.
d. Legal matters.
I hope this answers your questions.
Goodluck
D. why a specific consumer made a specific choice
Answer:
Earnings per Share is $1.246 per share
Explanation:
Earnings per share (EPS) determines the company's earnings for the number of shares of its stocks. In the case where the EPS is high, then the investors would pay more for the shares of the company.
It is calculated by dividing the Net income after tax by the total number of outstanding common shares. In this question, we will first calculate Net income after tax, as we are provided Net Income before tax. Then we will calculate EPS.
ss
Net income after Tax = 747,600 x (1 - 0.3)
Net income after Tax = $523,320
Earnings per Share = Net Income after Tax / No. of outstanding common shares
Earnings per Share = 523,320 / 420,000
Earnings per Share = $1.246 per share
