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Korolek [52]
3 years ago
5

Colinda has just purchased her first home for $125,000. She put down a 20 percent down payment of $25,000 and took out a 4 perce

nt mortgage for the rest. Her mortgage payment is $577 per month. How much of her first monthly mortgage payment is amortization?
Business
1 answer:
svetlana [45]3 years ago
3 0
Answer: $333 Interest and $144 Principal
To find the values for this payment, you will need to use an amortization calculator. If you were not given one, there are numerous ones online. 
Simply enter the amount of the loan $100,000. Then, the number of years, 30 is standard. Finally, enter the percent.
It will show you that the total payment is $477 and also the break down of the payment as given in the answer.

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You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur
Mashutka [201]

Answer:

$330

Explanation:

The computation of the dividend income received as on July 31 is shown below:

where,

Total number of shares purchased is

= 100 shares + 200 shares

= 300 shares

And, the dividend per share is $1.10

So, the dividend income received is

= 300 shares × $1.10

= $330

We simply applied the above formula to determine the dividend income received

7 0
3 years ago
How did the shift to steam power lead to the growth of cities?
MA_775_DIABLO [31]
The shift to steam power contributed to the growth of cities in many way. Firstly, it provides a continuous source of power to industries, which leads to high level of productivity. The availability of jobs in the industries makes the people in the rural areas to migrate to the cities in search of greener pastures. Steam power also created a new and efficient means of transportation which make it possible to move people and goods over long distances in record time.
7 0
2 years ago
A piece rate worker is paid
OleMash [197]

Answer:

nothin

Explanation:

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7 0
2 years ago
Which of the following is one effect of a purchase of $600 of supplies on credit? Select one:
Norma-Jean [14]

Answer:

d. It would increase liabilities by $600

Explanation:

Supplies are part of inventory, and when inventory is purchased it increases assets.

But is it purchased against cash then there is no change as assets in the form of cash is reduced by same.

Further, if these are purchased on credit then the balance of liabilities increases as the increase in liabilities and increase in assets keep the balance sheet equation matching.

Thus, purchasing on credit will increase the liabilities.

5 0
3 years ago
When logging into Google Tag Manager for the first time, what needs to be set up?
lara31 [8.8K]

Answer:

The correct answer is B

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It is used so as to make easier for the marketers in order to execute the tags without relying on the web developers to do it.

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