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
Tomtit [17]
3 years ago
12

A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan

have a "teaser" rate of 4%, after that, the rate can reset with a 2% annual rate cap. On the reset date, the composite rate is 5%. What would the Year 3 monthly payment be? Group of answer choices
Business
1 answer:
Lana71 [14]3 years ago
8 0

Answer:

$1,067 is the correct answer.

Explanation:

You might be interested in
How can companies increase return on common stockholders’ equity without increasing revenue?
Pani-rosa [81]
D) By reducing expenses you increase margins which means there is more money available for stockholders
4 0
2 years ago
In a pure market economy, the "What to produce?" question is ultimately answered by:
Genrish500 [490]

In a pure market economy, the "What to produce?" question is ultimately answered by : consumer sovereignty.

Explanation:

Market autonomy is a two-way economic concept. Market autonomy in production applies to what finished products should be produced from these materials to the control power of the customers over those with scarce resources.

For example, the highest levels of consumer autonomy occur of consumers on the free market. The customer can buy any product in any quantity he wants. But the state or central government decides what to manufacture in a command economy.

8 0
3 years ago
Which of the following are not traits of entrepreneurs?
Phantasy [73]

Answer: dishonesty and dependence.

Explanation:

8 0
3 years ago
According to the video, what qualities do Carpenters need to have? Select three options.
r-ruslan [8.4K]

Answer:

what video? there is no video

8 0
2 years ago
Read 2 more answers
Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growt
horrorfan [7]

Answer:

current share price = $70.53

Explanation:

Share Price:

A share price is the amount it would cost to buy one share in a company.

Formula:

share price = future dividends * Present value of discount factor(16%, time period)

As the company just paid a dividend of $3.45 and dividends are expected to grow at a rate of 28 percent for the next three years so

Dividend for 1st year = (3.45*1.28) = $4.416

Dividend for 2nd year = (4.416*1.28) = $5.65248

Dividend for 3rd year = (5.65248*1.28) = $7.2351744

Now we need to calculate the value for 3rd year.

Formula:

Value after 3rd year = (Dividend for year 3*growth rate) / (required rate-growth rate)

Therefore by putting the values in the above formula, we get

Value after 3rd year = (7.2351744 * 1.074) / (0.16 - 0.074)

Value after 3rd year = $90.35555007

Therefore by putting the values in the share price formula, we get

current share price = 4.416 / 1.16 + 5.65248 / 1.16^2 + 7.2351744/1.16^3 + 90.35555007 / 1.16^3

current share price = $70.53

4 0
2 years ago
Other questions:
  • A project has a net present value of zero. Which one of the following best describes this project?
    8·1 answer
  • Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann
    13·1 answer
  • If the price falls by 50% and the quantity demanded falls by 25%, find cross price elasticity of demand
    5·1 answer
  • Like many entrepreneurs, troy smith started sonic as a sole proprietorship, then took on a partner, and eventually offered franc
    11·1 answer
  • How much must be deposited today into the following account in order to have 35000
    14·1 answer
  • In a recent meeting at​ work, Nick was asked to deliver the sales projections for the next month. Wanting to leave some room for
    15·1 answer
  • Malone Co. owned 70% of Bernard Corp.'s common stock. During November 2021, Bernard sold merchandise to Malone for $150,000. At
    10·1 answer
  • Suppose that market demand is Q = 660 – 12P and marginal cost is MC = 5. The consumer surplus in a perfectly competitive market
    12·1 answer
  • Identify what is needed to calculate the P/E ratio. (Check all that apply.) Multiple select question. Return on equity Average s
    7·1 answer
  • __________ costs are costs that have been incurred in the past, cannot be recouped, and are not relevant to future decisions.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!