Answer:
option (c) $167,597.77
Explanation:
Data provided in the question:
Monthly mortgage payment = $900
Duration of loan, n = 30 years = 360 months
Interest rate = 5%
Monthly rate of interest = 5% ÷ 12 = 0.4167% = 0.004167
Now,
Mortgage loan can he afford
= Monthly mortgage payment × [ (1 - ((1 + r)ⁿ)⁻¹ ) ÷ r ]
= $900 × [ (1 - ((1 + 0.004167)³⁶⁰)⁻¹ ) ÷ 0.05 ]
= $167,597.77
Hence,
The answer is option (c) $167,597.77
Answer:
Dr Office supplies expense $15,000
Cr Office supplies $15,000
Explanation:
Given the above information, we can compute the proper adjusting entry as;
= ( Transfer $12,000 + $8,000 - $5,000)
= $15,000 from office supplies expense
Therefore, the proper adjusting entry is;
Dr Office supplies expense $15,000
Cr Office supply $15,000
Answer:
The correct answer is D. learning to stand alone is part of growing up.
Explanation:
Answer:
I will use the Omega network configuration if the economic factor is the determining one.
The total cost for the Omega network using the 4x4 switches will be $12,800, unlike the Butterfly network that can use the 16x16 switches that will cost $24,000.
Explanation:
The Omega network configuration will use the 4x4 switches which cost $50 each. The total number of switches required = 4,096/16 = 256. The total cost for 4x4 switches = 256 * $50 = $12,800. This is better than the Butterfly network configuration that can use the 16x16 switch, costing $1,500 x 16 (4,096/256) = $24,000.
Answer:
The total interest paid on this student loan will be equal to:
$
Explanation:
a) Data and Calculations:
Amount of loan = $30,000
Interest rate = 4.75%
Duration of loan = 5 years
Total interest = $30,000 * 4.75% * 5 = $7,125
b) Since interest is paid annually at the end of each year, this means that $1,425 will be paid each year for 5 years. This gives a total of $7,125 ($1,425 * 5). As a result, we can infer that this is a simple interest payment method, because the interests are not added to the principal. That is, the interest is not compounded. So, the calculation is based on the simple interest formula of principal by interest rate by number of periods.
