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3 years ago

How much can i spend on a house if i make 100k a year?

1 answer:

4 0

There is not one single correct answer to this question as it all depends on your other expenses like if you are having a car loan or any leftover education loan and other factors which affects your credit rating but to give you a general idea A traditional starting point is to shop for homes with a purchase price equal to two-and-a-half times your salary so about $250,000 Although $250,000 is a very realistic starting point, it may seem low to some people, especially those living in cities with higher home prices. Some experts suggest that you can afford a mortgage payment as high as 28% of your gross income. According to that estimation , annual salary of $100,000 can afford a monthly payment of about $2,300/month. That could translate to a $450,000 loan, assuming a 4.5% 30-year fixed rate. So check your other expenses and credit rating before deciding what you want and what you need.

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The production, purchase, and sale of goods in a world-wide market is known as the _____.

Akimi4 [234]

The answer you are looking for is

Global economy

8 0

3 years ago

Read 2 more answers

A new highway is to be constructed.

baherus [9]

Answer:

Desing B

Total Present worth $ 502.485,35‬

Annual worth: $ 49,722.003

Option 2:

Total Present worth $ 666.441,33‬

Annual worth: $ 53,845.798

Explanation:

<h2>Desing A</h2>

$85 x 5280 = 448,800

$4 x 3 x 5280 = 63,360

$8000 x 4 = 32,000

total cost: 544,160‬

Annual cost:

11,800 + 300 = 12,100

PV of the annual maintenance:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 12,100.00

time 16

rate 0.06

$12100 \times \frac{1-(1+0.06)^{-16} }{0.06} = PV\\$

PV $122,281.3328

Present worth:

total cost to construct 544,160‬ + maintenance $122,281.33 = 666.441,33

Annual worth:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 544,160

time 16

rate 0.06

$544160 \div \frac{1-(1+0.06)^{-16} }{0.06} = C\\$

C $ 53,845.798

<h2>Desing B</h2>

a mile is equivalent to 5,280 foot

paviment $40 x 5,280 = $ 211,200

sood ditched 2 per foot x 5,280 foot per mile x $1.40 = $ 12,038.4

pipe culvert 2,200 x 2 = 4,400

Total value to construct: 227.638,4‬

PV of maintenance:

replacement 2,400 x 2 = 4,800 (in 8 years)

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $4,800.0000

time 8.00

rate 0.06000

$\frac{4800}{(1 + 0.06)^{8} } = PV$

PV 3,011.5794

maintenance $2,900

culverts 2 x $ 230 = $ 460

ditch 1.45 x 5,280 x 2 = $ 15,312

Total yearly cost: 18.672‬

PV of this annuity over 16 years:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 18,672.00

time 16

rate 0.06

$18672 \times \frac{1-(1+0.06)^{-16} }{0.06} = PV\\$

PV $188,697.2765

PV of the replacement bituminous concrete

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $211,200.0000

time 16.00

rate 0.06000

$\frac{211200}{(1 + 0.06)^{16} } = PV$

PV 83,138.0951

Present worth:

Total value to construct: $ 227.638,4‬ +

yearly cost PB $ 188,697.28 +

concrete replacement $ 83,138.0951

culvert replacement: $ 3,011.58

Total Present worth 502.485,35‬

Annual worth:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

$502485.35 \div \frac{1-(1+0.06)^{-16} }{0.06} = C\\$

C $ 49,722.003

6 0

3 years ago

In the article, “Visual Business Intelligence”, Stephen Few claims that visualization analysis and presentation tools are import

leva [86]

Answer:

Explanation:

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3 years ago

Sugarcane is vulnerable to the cane beetle, which can substantially reduce crop yields. Suppose that a new beetle‑resistant spec

Vanyuwa [196]

Answer:(1) Decrease (2) Increase (3) Decrease (4) Decrease (5) Not chanhe

Explanation: This tries to describe a free market economy,where price, quantity demanded and quantity supplied are influenced by the market forces. The improved productivity of the Sugarcane which is a major raw material for sugar production is increased,the cost of production of Sugarcane will decrease as productivity increases,the quantity supplied to the market will increase leading to decreased price for all sugar value chain. The price for Honey a sweetener will also decrease responding the increased demand for sugar but the price for textile will not change because it is not a substitute for sugar.

5 0

3 years ago

Which of the following is an example of a period cost in a company that makes clothing? Multiple Choice Monthly depreciation on

abruzzese [7]

An example of a period cost in a company that makes clothing is monthly depreciation on production equipment.

<h3>What is a period cost?</h3>

Period costs are all costs that cannot be capitalised on a company's balance sheet. It is a cost that cannot be tied to the production of the goods made by the company.

Example of period costs are:

Travel and entertainment expenses.
Commissions.
Depreciation expense.

3 0

2 years ago