1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elan Coil [88]
3 years ago
12

Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%

down payment, how expensive of a home can Tedd purchase using a 4%, 30 year mortgage
Business
1 answer:
Kobotan [32]3 years ago
3 0

Answer:

The total loan value would be of $261,825

Explanation:

In order to calculate how expensive of a home can Tedd purchase using a 4%, 30 year mortgage we would have to calculate first the amount of annual payments as follows:

amount of annual payments = $48,000*0.25 = $12,000

PMT = 12,000/12 = 1000

FV = 0

rate = 4%/12

N = 30*12

Hence, use FV function in Excel  amount after down payment = $209,461.24

this represents 80% of the loan , so total loan value = $209,461.24/0.8 = $261,825

The total loan value would be of $261,825

You might be interested in
Using an example, explain the relationship between human resources and business objectives.
Phoenix [80]

Answer:

Human resources are critical in achieving business objectives. The humans carry out the actions and strategies to achieve business objectives. An example would be a baseball team needing players to achieve its goals.

Explanation:

6 0
3 years ago
The music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes: a.
ExtremeBDS [4]

Answer:

b.

Explanation:

According to the music market study conducted by Matthew Salganik, Peter Dodds, and Duncan Watts demonstrated that group influence shapes our personal taste and decisions regarding music. Just like in high school, groups have the ability to influence other peoples decisions. Especially those who look to those groups as superior. Which was demonstrated by the study mentioned in the question in regards to music.

5 0
3 years ago
What should be appropriate for a target market
ladessa [460]

<u>Explanation:</u>

Target market should have appropriate age, gender, lifestyle, likes, preferences, income level, education level, maturity level, marital status, occupation and ethnicity. It can also be shortly termed as appropriate demographics.

Target market is the audience to whom the product is to be sold. In order to pitch the right product to right customer target market has to be identified. Customer profiling is necessary to identify the customers interested in the products or services marketed by an organisation.

Customer base gives the details of what is needed by the customers. Organisation is benefited by only concentrating on the customers who are interested in their products or service.

4 0
3 years ago
Which of the following practices should be discouraged during the problem-solving process?
7nadin3 [17]
The answer is D

the reason why:
4 0
3 years ago
Read 2 more answers
Which luxury brand shares its name with the french explorer who is credited with naming canada?
maxonik [38]

Answer:

The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.

Explanation:

Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.

7 0
4 years ago
Other questions:
  • Beginning in the 30's, the average female's rmr declines by approximately ________________ per decade and the average males by _
    5·1 answer
  • Identify the financial instruments based on the following descriptions.(a) Backed by the U.S. government, these financial instru
    10·1 answer
  • A material weakness involves a reasonable possibility that what size misstatement will not be prevented or detected?
    14·1 answer
  • The Boston Consulting Group (BCG) has given specific names and descriptions to the four resulting quadrants in its growth-share
    13·1 answer
  • A 15-year bond with a face value of $1,000 currently sells for $850.
    10·1 answer
  • A company pays $20,000 for the rights to a well with 5 million gallons of water. If the company extracts 250,000 gallons of wate
    10·1 answer
  • Oracle, a firm that sells commercial ERP and database products, provides Linux for free, selling high-margin Linux support contr
    6·1 answer
  • With reference to the communication process, the ________ is the medium through which the message travels
    5·1 answer
  • Mcclelland's research suggests that the need for achievement is?
    8·1 answer
  • Austin Power Corp., a corporation incorporated in Delaware, has recently gone bankrupt thus failing to pay its suppliers and cre
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!