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Eduardwww [97]
3 years ago
7

If you have a $150,000 30-year 5% mortgage, how much of your first monthly payment of $805.50 would go toward principal?

Business
2 answers:
MariettaO [177]3 years ago
8 0

Answer:

$180.5

Explanation:

First, we would determine the amount that goes toward the interest by dividing the interest rate by 12 months to have the monthly interest rate and then, multiply that for the total amount of the loan:

$150,000 × (0,05/12) = $625

Now, that we have the amount that goes toward the interest, we subtract this from the first monthly payment to find the amount that goes toward the principal that is the quantity you borrowed:

$805.50-$625= $180.5

The amount of the first monthly payment of $805.50 that would go toward the principal is $180.5.

Mama L [17]3 years ago
5 0
The answer is $625.000 
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If we look at the equation for money demand from Irving Fisher, which of the following statements is true?
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Answer:

The correct answer is option D.

Explanation:

The money equation given by Irving fisher is popularly known as fisher's equation.

The equation is given as MV=PT

Here, M represents money supply, V is the velocity of money, P is the price level and T refers to the volume of transactions or output level.

The supply of money refers to the quantity of money in existence while the velocity of transactions shows the number of times, money changes hands.  Together they show the volume of money in circulation.

P is the average price level and T represents the expenditures on all transactions or, in other words, output level.  

Here, V and T are assumed to be constant. This means that the money supply directly affects the price level.  

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3 years ago
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Answer:

A

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As a diarly cooperative, management probably believes that the most efficient form of organization is according to the products that it makes.

The cheese department will focus on producing cheese, the ice cream department will focus on making ice cream, the milk department will focus on the production of milk, and so on.

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3 0
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Have you ever been disciplined for or the subject of an administrative order relating to conduct or practices involving any aspect of the financial services, insurance, securities or real estate industries or any other licensed industry or profession?

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