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nata0808 [166]
3 years ago
10

A house is to be purchased for $180,000 with a 10% down payment, thereby fi nancing $162,000 with a home loan and mortgage. Ther

e are no "points" or other closing charges associated with the loan. A conventional 30-year loan is used at 7.5%, resulting in monthly payments of $1,132.73. The interest portion of the first monthly payment will be what?
Business
1 answer:
FinnZ [79.3K]3 years ago
8 0

Answer:

Explanation:

Principle amount is $162000

Rate is 7.5%  or 7.5%/12 monthly

So  formula is: Interest = Principle * Rate * Time / 100

Interest = 162000*7.5*1/12*1/100  = 1215000/12 = 1012.5

Interest = 1012.5

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Straight-Line Depreciation Rates
MissTica

Answer:

a) 10%

b) 12.5%

c) 4%

d) 2.5%

e) 20%

f) 25%

g) 5%

Explanation:

10 years depreciation results in a depreciation rate per year = 100% / 10 = 10%

8 years depreciation results in a depreciation rate per year = 100% / 8 = 12.5%

25 years depreciation results in a depreciation rate per year = 100% / 25 = 4%

40 years depreciation results in a depreciation rate per year = 100% / 40 = 2.5%

5 years depreciation results in a depreciation rate per year = 100% / 5 = 20%

4 years depreciation results in a depreciation rate per year = 100% / 4 = 25%

20 years depreciation results in a depreciation rate per year = 100% / 20 = 5%

4 0
3 years ago
O'brien inc. has the following data: rrf = 5.00%; rpm = 6.00%; and b =+0.70. what is the firm's cost of equity from retained ear
algol13

The company's cost of equity is0.92 % of retained earnings according to the capm.

The cost of equity for a corporation is the amount that the market is willing to pay to own an asset and take on ownership risk. The two common methods for determining the cost of equity are the capital asset pricing model and dividend capitalization model. On the right side of the balance sheet, you can see a list of the company's debt and equity accounts. The cost of capital refers to the price a business must pay to finance its operations through debt, equity, or a mix of the two.

b = 0.70, rs = rRF + b(RPM), and rRF + b(RPM) =5.00% RPM6.00% were lent to us.

Learn more about cost of equity here

brainly.com/question/14041475

#SPJ4

7 0
1 year ago
What is our planet called?
laila [671]

Answer:

Earth

Explanation:

4 0
3 years ago
Read 2 more answers
Chevron identified their desired outputs and then worked backward by examining the supporting processes. They used a holistic ap
Pepsi [2]

Answer:

BPR

Explanation:

In this scenario, Chevron identified their desired outputs and then worked backward by examining the supporting processes. They used a holistic approach that led the company to examine the interdependencies among processes used in different business units. This is a Business Process Reengineering (BPR) approach. It is a radical approach and process to redefining a business entity so as to enhance productivity.

7 0
3 years ago
Select the correct text in the passage.
AfilCa [17]

Answer:   I heard its the second option, I cannot verify that. But i do have the awnsers to every question for the final in Entrepreneruship, Its on quizlet labeled Entrepreneurship. 37 terms.

Explanation:

5 0
2 years ago
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