Answer: $338712.36
Explanation:
Given the following :
APR = 6.35% = 0.0635
Monthly payment = $1800
Cost of home = $340,000
Period (t) = 420
Monthly rate = 0.0635 / 12
Amount paid on loan = PV of monthly payment :
PMT(1 - (1 / (1 + r)^t)) / r
1800[(1 - (1 / (1 + 0.0635/12)^420)) / r]
1800[ (1 - (1 /9.1764488)) / r
1800[ 1 - 0.1089746] / (0.0635 / 12)
1800 [168.38275]
= $303088.95
Hence, amount yet to pay :
$340,000 - $303088.95 = $36911.05
Hence, balloon payment :
36911.05( 1 + r)^t
36911.05(1 + 0.0635/12)^420
36911.05(1 + 0.0052916)^420
36911.05(1.0052916)^420
36911.05 × 9.1764488
= $338712.36
Answer:
The radio spot should reply on the peripheral route to persuasion.
Explanation:
The peripheral route to persuasion happens when the audience chooses whether to concur with the message dependent on different cues, besides the strength of the contentions or thoughts in the message.
Peripheral route of influence isn't being convinced by actualities yet by fame and popularity. It is shallow and is generally based on attractiveness. There is no elaboration and crowds are passive. Individuals utilize mental alternate ways for this. Change through this course is impermanent and leaves rapidly.
A department store is a large retail store which sells many different items, brands, etc. in separate departments (or, categories). I hope this helps! Can I have Brainliest, please? :)
Frank cannot claim Anna or Marvin as a dependent.
Explanation:
Because Frank gives Anna and Marvin every support, support tests are straightforward.
Anna earns revenue in excess of $4200 and can not therefore be requested as dependent. In fact, Marvin does not stay with Frank and can not therefore be stated as dependent.
The income tax credit, EITC or EIC is a bonus to low- and moderate-income employers. To apply, you must fulfill certain criteria and file a tax report, even if you are not obliged to pay a bill. The level of tax you pay is lowered by the EITC and a refund is probable.
Answer:
The price of the stock is expected to be $188.16 in 1 year.
Explanation:
This can be determined as follows:
Current price of the stock = Expected next dividend / Expected return = $24.87 / 15.2% = $163.62
Expected stock price in 1 year = Current price of the stock * (100% + Expected return)^Number of year = $163.62 * (100% + 15.2%)^1 = $188.16
Therefore, the price of the stock is expected to be $188.16 in 1 year.
