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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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Answer and Explanation:

The case shown above is an example of discrimination by civil status, however it is not an example of violation of the civil rights law, as it is not prohibited by the Civil Rights Act of 1964. However, some states have their own legislation that prevents this type of discrimination, which makes it a violation of state laws, which can lead the offender to be severely punished.

This is an example of case of disparate treatment, as we can see that there is discriminatory treatment with an employee, where she is treated differently compared to other employees because of a characteristic of her personal life.

This would be a case of disparate impact if there were a group of protected and privileged employees at the expense of the exploitation of other employees.

8 0
3 years ago
A flower shop makes a large sale for $1,500 on June 30. The customer is sent a statement on July 5 and a check is received on Ju
Vsevolod [243]

Answer:

June 30

Explanation:

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So, in the given case, the large sale is made on June 30 and on June 30 the revenue would be recognized.

3 0
3 years ago
Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?
Finger [1]

Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

1) The costs about depreciation or rent of a factory building  

2) The costs about salary of a plant manager

3) The costs about insurance, taxes, etc.  

4) The costs about training

As you see all about this cost mentioned only in manufacturing processes not in decision making.

4 0
3 years ago
Camera 1 costs $4,900. It should last for eight years and have annual maintenance costs of $220 per year. After eight years, the
lesya692 [45]

Answer:

Use formula: (((F1^F2) - (F1*F2)) / ((F2-F1) + (F1*F2))) /  % of hours

Explanation:

4 0
3 years ago
Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha
avanturin [10]
House is worth 275- 195= 80k equity.  Car is 12k-7500= 4.5k equity plus 3k investments plus 2700 in the bank minues 1500 credit card debit= 88,700
8 0
3 years ago
Read 2 more answers
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