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
AleksAgata [21]
3 years ago
13

You plan to buy a house in July 2019. The sale price is $350,000. You need to pay 20% down payments and borrow additional 80% fr

om Wells Fargo with a traditional 15-year, 3.6% fixed-rate mortgage loan. You are expected to pay an equal MONTHLY payment starting from August 2019 for a total of 15 years.
Business
1 answer:
daser333 [38]3 years ago
6 0

So your down payment would be 70,000 (which is 350,000 X .2)

So you would be financing 280,000

Using the payment function

PV= 280,000

R= .036/12

N = 15*12= 180

Your payment would be: 2,015.45

You might be interested in
In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be
lianna [129]

Answer:

The correct answer is letter "B": property rights must be clearly assigned to the parties involved in the dispute.

Explanation:

Named after British lawyer and economist Ronald Coase (<em>1910-2013</em>) the Coase Theorem states when there are competitive markets and no transaction costs bargaining will lead to an efficient and mutually beneficial outcome. The theorem affirms that when property rights are defined and divided, parties will gravitate to the most efficient and beneficial outcome.

3 0
3 years ago
What is the bullwhip effect and how does it relate to lack of coordination in a supply chain?
rewona [7]

Answer:

The bullwhip effect happens when retailers or other members of the supply chain overestimate a sudden increase in demand, and this causes a chain reaction in all the other participants of the supply chain that start requesting higher quantities of goods or materials for production. E.g. the fidget spinner was a very popular fad and its producers probably didn't anticipate how large the demand would be. Once the product became extremely popular, everyone wanted to sell fidget spinners. This caused an increase in the order quantities of all the supply chain. Once the fad faded out, all this momentum stopped and many stores, distributors, wholesalers, and even factories were left with huge unsold stocks of fidget spinners.

When the supply chain is well coordinated, there is little chance for some retailers or distributors to over react and want more product just in case. If your supply is guaranteed, then it would take some extraordinary increase in demand to make you want to increase your purchase orders. But if your supply chain is not well coordinated, you might fear that you will lose a lot of sales and other competitors will make them. Then you get anxious and start ordering large quantities.

6 0
3 years ago
After the delivery of the condominium documents in the TREC Residential Condominium Contract the buyer may terminate the contrac
sweet-ann [11.9K]

Answer:

The buyer would have a 12-day option to terminate the contract. Otherwise, he or she might not have any other option than to stick to the contract. (That is, the buyer will not have the unrestricted right to terminate the contract again.)

Explanation:

7 0
3 years ago
Diane is passionate about soccer and decides to open her own soccer sporting goods store. She invests her money, time, and effor
tigry1 [53]

Answer:

The answer is entrepreneur

Explanation:

Diane showed the trait of an entrepreneur. An entrepreneur is someone who tries to solve a particular problem or challenge by setting up a business. He takes up the risk and tries to fight it in order to be successful because of the passion he has for the business. Entrepreneur also sources for the capital for the business which can be in form of borrowed money or equity contribution.

8 0
3 years ago
Assume you sell short 100 shares of common stock at $50 per share, with an initial margin at 50%. The stock paid no dividends du
son4ous [18]

Answer:

40%

Explanation:

Initial amount invested  = $50 × 100 × 50% = $2,500

Profit from sale and repurchase = ($50 - $40) × 100 = $1,000

Rate of return = $1,000 ÷ $2,500 = 0.40, or 40%.

Therefor, the rate of return would be 40%.

4 0
3 years ago
Other questions:
  • Lasch Co. recorded a right-of-use asset of... I. Lasch Co. recorded a right-of-use asset of $200,000 in a 10-year operating leas
    6·1 answer
  • Suppose the president of the united states announces a new set of reforms that includes a new​ anti-inflation program. assuming
    15·1 answer
  • On January 1, Year 1, Chaco Company sold $300,000 of 10% twenty-year bonds. Interest is payable semiannually on June 30 and Dece
    9·2 answers
  • When two knowledgeable people acting independently each produce the same information, this information is said to be?
    7·1 answer
  • Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts s
    8·1 answer
  • Approximately how many Americans does Toyota employ in the manufacture, research, financing, marketing, and sales of its vehicle
    14·1 answer
  • The next step after developing a market-product grid and estimating market sizes in the segmentation process is to ________ appr
    9·1 answer
  • The mean of a set of data is 5.07 and its standard deviation is 3.39.
    9·1 answer
  • Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process.
    14·1 answer
  • Vivien's project manager has asked her to analyze the project requirements before finalizing them. What would she look for and a
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!