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LekaFEV [45]
3 years ago
5

Donaldson's purchased some property for $1.2 million, paid 25 percent down in cash, and financed the balance for 12 years at 7.2

percent, compounded monthly. What is the amount of each monthly mortgage payment
Business
1 answer:
Leya [2.2K]3 years ago
6 0

Answer:

$9,352.27

Explanation:

25% of 1.2million

25/100×$1,200,000

=$900,000

Monthly mortgage Payment (p)=r(PV)/{1-(1+r)^-n}

Present value (PV)=$900,000

r=7.2%/12

=7.2/100÷12

=0.072/12

r=0.006

n= 144(12 years×12months)

P=r(PV)/{1-(1+r)^-n}

=0.006×$900,000/{1-

(1+0.006)^-144

=$5,400/{1 - (1.006)^-144}

=$5400/{1 - 0.4226}

=$5,400/0.5774

=$9,352.27

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Hitman42 [59]

Answer:

C. More leisure time

Explanation:

An entrepreneurships can represent an opportunity for success, since all large corporations started that way. They can also generate a lot of profit and make their owners very rich people. It is great to be your own boss but it is also very challenging and motivating.

But the only thing that an entrepreneurship is not, is an job that allows you to have a lot of free time. Entrepreneurships are extremely time consuming and require lots of work and passion.

5 0
3 years ago
What is a​ quota? A. A quota is the same thing as a voluntary export restraint. B. A numerical limit a government imposes on the
LenKa [72]

Answer:

Option (B) is correct.

Explanation:

An import quota is defined as the restriction on the imports from the other nations. It is the direct restriction on the quantity of goods imported from the other countries. This restriction takes place to protect the domestic producers of the home nation from the foreign competition.

For example: The united states wants to import 50,000 cars from Japan but there is an import quota of 40,000 cars. So, the consumers in the United States won't be able to import remaining 10,000 cars.

8 0
3 years ago
Laura's boss, Erik, constantly uses sexually explicit language while communicating with his female subordinates. Though many fem
Fittoniya [83]

Answer:

I shouldn't believe or think this will be viewed as offensive conduct because he doesn't threaten any lady throughout particular. A further explanation is given below.

Explanation:

  • Complaining about discrimination based on private orientation as either a misconduct action throughout Title VII of the 1964 civil rights legislation including 29 C.F.R. including its Federal EEO Action Process Portion 1614.
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3 0
3 years ago
On a large college campus first-year students and sophomores live in dorms located on the eastern part of the campus and juniors
Vesnalui [34]

Answer:  

a. This type of study is known as probability sampling.

b.  Since we’d like to make sure the survey represents opinions from students of all ages, we can use stratified sampling.

<u>Probability Sampling </u>

  • In probability sampling each element of the population has an equal chance of being selected for the sample.  
  • Probability sampling helps us to create a sample that is truly representative of the population.  
  • A sample that truly represents the population ensures that the statistical conclusions are valid.

<u>Stratified Sampling </u>

In stratified sampling, the population is divided in different classes that are known as strata. Once this classification has been done, we randomly select a sample.

Since our objective for the survey is to collect opinions from students of all years, we can divide the student population into four strata based on age, and select a probability sample from each stratum.

6 0
3 years ago
You invested $5000 of your own money and borrowed $5000 from your broker to purchase shares of a company trading at a share pric
pychu [463]

Answer:

$1200

Explanation:

buy shares. $ 5000 / $ 2 = 2500 shares.

then you sell them

2500 shares x  $ 1.72 = $ 4,300

the loss in this investment was $ 5,000- $ 4,300 = $ 700

You must also pay interest on the loan.

$ 5,000 x% 10 = $500

Total loss $ 700 + $ 500 = $ 1,200

which equals 24% = $ 1,200 / $ 5,000

3 0
3 years ago
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