Can you define interest and principal don't need a long definition just short and sweet thanks

Based on Bluto's conduct, Cass reasonably believes that Dee has the authority to act on Bluto's behalf even though Dee does not

VLD [36.1K]

Answer:

c.may be estopped from denying that Dee had authority.

Explanation:

Bluto made a mistake by allowing Dee to have his authority and also act on his behalf. Furthermore, Dee took a payment from the client and ran away with the money without performing any duty. This shows that Dee is not sincere and has committed fraud. In the absence of Dee, Bluto is liability to any criminal act conducted by Dee.

5 0

3 years ago

You need a loan of â€‹$140,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Bri

nadezda [96]

Answer:

Monthly Payment for Choice 1=$665.16
Monthly Payment for Choice 2=$627.10
Total Closing Cost for Choice 1=$241557.60
Total Closing Cost for Choice 2=$233456
(A)Choice 1 be the better choice the monthly payment is higher.
(D)Choice 2 be the better choice because the monthly payment is lower.

Explanation:

Amount of Loan needed = $140,000

A point is an optional fee which helps you get a lower interest rate on your loan.
Closing costs are the fees you pay when obtaining your loan.

Choice 1

30-year fixed rate at 4% with closing costs of $2100 and no points.

Monthly Payment

P=$140,000

Monthly Rate=4% ÷ 12=0.04 ÷ 12=0.0033

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0033(1+0.0033)^{360}}{(1+0.0033)^{360}-1}\\=\dfrac{462(1.0033)^{360}}{(1.0033)^{360}-1}\\=\$665.16$

Monthly Payment=$665.16

Total Closing Cost =(665.16 X 360)+2100=$241557.60

Choice 2

30-year fixed rate at 3.5% with closing costs of $2100 and 4 points.

Monthly Payment

P=$140,000

Monthly Rate=3.5% ÷ 12=0.035 ÷ 12=0.0029

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0029(1+0.0029)^{360}}{(1+0.0029)^{360}-1}\\=\dfrac{406(1.0029)^{360}}{(1.0029)^{360}-1}\\=\$627.10$

Monthly Payment=$627.10

Total Closing Cost =(627.10 X 360)+2100+(4% of 140000)=$233456

4 0

3 years ago

Which activity at the grocery store would not involve mathematics? finding out?

gogolik [260]

1. (B) choosing what kind of apple to buy2. (A) calculate the total cost of the item when not on sale and subtract the sales cost3. (C) $3.484. (A) $12.33

3 0

4 years ago

ABC Company sells three products, X, Y and Z. The weighted average contribution margin for all three products is $3.05 per unit.

bearhunter [10]

Answer:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Explanation:

Giving the following information:

The weighted average contribution margin for all three products is $3.05 per unit. ABC's total fixed costs are $35,000

With the information provided, we can only calculate the break-even point in units for the whole company using the following formula:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 35,000/3.05

Break-even point (units)= 11,475

Now, imagine the following sales mix:

X= 0.25

Y=0.40

Z=0.35

We can determine the number of units for each product:

X= 11,475*0.25= 2,869

Y= 11,475*0.4= 4,590

Z= 11,475*0.35= 4,016

7 0

4 years ago

Sally and Samantha have decided to form a partnership. They have agreed that Sally is to invest $195,000 and that Samantha is to

lapo4ka [179]

Answer/Explanation:

a. Equal division.

$235,000 / 2 = $117,500.

b. In the ratio of original investments.

For Samantha = 65,000 / (65000+195000) * 100 = 25%;

25% of $235,000= $58,750.

For Sally = 195,000 / (65000+195000) * 100 = 75%;

75% of $235,000= $176,250

c. In the ratio of time devoted to the business.

For Sally = 1 x $235,000 = $235,000

For Samantha= 1/2 x $235,000.

d. Interest of 5% on original investments and the remainder equally.

Interest

For Sally= 5% of $195,000 = $9,750

For Samantha= 5% of $65,000 = $3,250.

The remainder= 235,000 - 3,250 + 9750 = $222,000/2= $111,000 equally.

e. Interest of 5% on original investments, salary allowances of $50,000 to Sally and $85,000 to Samantha, and the remainder equally

Interest

For Sally= 5% of $195,000 = $9,750

For Samantha= 5% of $65,000 = $3,250.

The remainder= 235,000 - (9750+50000+3250+85000)= $87,000

(g), except that Samantha is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances

Total salary allowances= $85,000+$65,000=$150,000;

Net income exceeds value by $235,000-$150,000= $85,000

Therefore, 20% of 85,000 = $8,500 as bonus.

5 0

3 years ago

Can you define interest and principaldon't need a long definition just short and sweetthanks