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
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

You might be interested in
You are planning a special wedding three years from today. You don't know who your spouse will be but you do know that you are s
Novay_Z [31]

Answer:

Total amount collected = $94,400

Explanation:

Given:

1st investment = $25,000

2nd Investment = $35,000

3rd investment = $45,000

Computation of total amount:

Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1+r)^1} +\frac{45,000}{(1+r)^3} \\\\Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1+0.07)^1} +\frac{45,000}{(1+0.07)^3} \\\\Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1.07)^1} +\frac{45,000}{(1.07)^3} \\\\Total\ amount = \frac{25,000}{1} +\frac{35,000}{(1.07)} +\frac{45,000}{(1.2250)} \\\\Total\ amount = 25,000 +32,710.28 +36,734.6939 \\\\Total\ amount = 94,444 \\\\

Total amount collected = $94,400

3 0
3 years ago
A limited partnership
LenKa [72]
Is that the question or what i need info.XD
4 0
3 years ago
To help children understand and gain respect for authority in the classroom, A. allow students to display freedom of choice and
SSSSS [86.1K]
D. Stick to established rules whenever possible; avoid negotiation.
This is the best choice because you are still being caring and kind; which a student needs, but you are also showing who's in charge. This will cause the students to have more respect for you.
8 0
3 years ago
Martine Piccirillo works as the payroll clerk for Centinix, a security company that hires many part-time and temporary workers w
Serga [27]

Answer:

  1. The Fair Labor Standards Act (FLSA) sets the federal standards for minimum wage, overtime pay, record keeping, and child labor. This includes any full time or part time worker employed by Centinix.
  2. The Immigration Reform and Control Act (IRCA) prohibits employers from hiring (or even recruiting) any alien/foreign citizen that doesn't have a proper work authorization. That means that all Centinix's employees should have a green card.

4 0
3 years ago
Hagy Corporation has an activity-based costing system with three activity cost pools--Processing, Setting Up, and Other. The com
Katyanochek1 [597]

Answer:

$112,000

Explanation:

The computation of using activity based costing for overhead costs to activity cost pools is below:-

Factory utilities for processing

= $99,000 × 0.30

= $29,700

Factory utilities for Setting up

= $99,000 × 0.50

= $49,500

Factory utilities for others

= $99,000 × 0.20

= $19,800

Total = $99,000

Indirect Labor for processing

= $13,000 × 0.20

= $2,600

Indirect labor for setting up

= $13,000 × 0.30

= $3,900

Indirect labor for others

= $13,000 × 0.50

= $6,500

Total = $13,000

Overhead costs = $99,000 + $13,000

= $112,000

3 0
3 years ago
Other questions:
  • How do you plan to use financial statements in your projected financial statement analysis? Provide rationale for your approach.
    14·1 answer
  • On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $80,000. The estimated re
    12·1 answer
  • Oval Inc. just paid a dividend equal to $1.50 per share on its common stock, and it expects this dividend to grow by 4 percent p
    11·1 answer
  • Security $ Invested Expected Return 1 $5,000 7% 2 $7,000 9% 3 $9,000 12% Give the data above: What is the weight of Security 1?
    15·1 answer
  • The economic analysis of minimum wage involves both normative and positive analysis. Consider the following consequences of a mi
    11·1 answer
  • What does homeowner's insurance pay for in case of damage to your house and its contents? apex?
    8·1 answer
  • Consider two bonds, a 3-year bond paying an annual coupon of 5.90% and a 10-year bond also with an annual coupon of 5.90%. Both
    15·1 answer
  • The Levi Company issued $90,000 of 6% bonds on January 1 of the current year at face value. The bonds pay interest semiannually
    13·1 answer
  • Which best describes a tsunami?
    5·2 answers
  • Lily Products Company is considering an investment in one of two new product lines. The investment required for either product l
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!