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Ray Of Light [21]
2 years ago
14

You are considering the purchase of a home that would require a mortgage of $150,000. How much more in total interest will you p

ay if you select a 30-year mortgage at 5.65% rather than a 15-year mortgage at 4.
Business
1 answer:
Irina18 [472]2 years ago
3 0

Answer:

$111,991.59

Explanation:

using a loan calculator, I found the following information:

principal $150,000

apr 5.65%

360 monthly payments of $865.85

total payments $311,707.33

total interest charged on the loan $161,707.33

principal $150,000

apr 4%

180 monthly payments of $1,109.53

total payments $199,715.74

total interest charged on the loan $49,715.74

if you choose the 30 year mortgage, you will pay $161,707.33 - $49,715.74  = $111,991.59

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An ancient Greek philosopher of extraordinary significance in the history of ideas who not only preserved Socrates’s teachings f
11Alexandr11 [23.1K]

Answer: I would contend that the right answer is Plato.

Explanation: Just to elaborate a little on the answer, it can be added that Athenian philosopher Plato (428/427-348/347 BCE) was his most famous and devoted student, and the one who, together with Aristotle—who was in turn Plato's student—helped preserve and spread out his important teachings. Some of Plato's most original ideas are the so-called theory of Forms, which claims that the world that we know through our senses is only an imitation of the eternal and unchanging world of the Forms, as well as the idea of the "Platonic love," as opposed to romantic love, which departs from carnal attraction in search of beauty and truth.

6 0
3 years ago
SRC Refrigeration Company manufactures and sells refrigerator display units for flowers. A salesperson for the company is callin
abruzzese [7]

Answer:

A. optimistic

Explanation:

A. optimistic

B. minimum

C. primary

D. secondary

E. basic

Minimum call objective can be regarded as basic business purpose which is a case that ones sales person needed to achieve so that the call can be successful. And the optimistic call objective can be regarded as optimistic outcome that sales person could think of in given sales.

5 0
3 years ago
The pink peonies law firm prepays for advertising in the local newspaper. on january​ 1, the law firm paid $ 6 comma 000 for twe
quester [9]

Since the company paid for $6000 good for one year, look for the monthly advertising payment, to do this divide the total payment by 12 months. 6000/12 = 500. So the monthly payment would be $500.

 

a.       Cash basis accounting:


Advertising expense using cash basis would be $6000. Because the company already paid for the advertising good for 12 months.


b.      Accrual basis accounting:


Advertising expense under accrual basis would be $1000.


Calculations:


$6000 Advertising prepaid on January 1 for 12 months.


Advertising expense per month is $500.


Advertising expense per month× 2 months = $1000 Advertising expense for January and February.

6 0
2 years ago
What factors contribute to the comparative advantages of countries?
Westkost [7]

Answer:

International trade is the exchange of capital, goods, and services across international borders or territories.

Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.

International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Explanation:

In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.

PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.

3 0
2 years ago
Read 2 more answers
Which best describes what financial planning skills ultimately enable an individual to do
Liula [17]

Answer:

Prepare for the future

Explanation:

Personal financial planning is the term used to describe the way an individual or a family manage their finances to meet their short-term and long-term goals. It involves developing personal financial goals and making plans on how to achieve them.

In developing and making plans, an individual considers the current and expected future income, present and expected expenditures such as medical health insurance expenses and school fees. An individual may opt to engage the services of a personal finance manager who advances on the savings and investments required to achieve the intended goals. Financial Planning Planning assists one prepare for the future.

4 0
3 years ago
Read 2 more answers
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