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
Andrei [34K]
3 years ago
8

You want to buy a $300,000 home. You have $30,000 as a down payment. Therefore, buying the house will require you to take out a

$270,000 mortgage. If you pay $1,262.70 per month for 30 years, how much money do you pay in interest over the course of the 30-year mortgage
Business
1 answer:
Dvinal [7]3 years ago
7 0

Answer:

The amount of  money do you pay in interest over the course of the 30-year mortgage is $184,572.

Explanation:

Total interest paid = total amount paid over 30 years - loan amount

                               = 1262.7*30*12 - 270000

                               = $184,572

Therefore, The amount of  money do you pay in interest over the course of the 30-year mortgage is $184,572.

You might be interested in
2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth
AnnyKZ [126]

The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.

The initial deposit might have a higher purchasing power because of inflation.

When money is deposited in a savings account, the amount of money earns interest.

The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)

Interest earned = $$5,306.04 - $5,000 = $306.04

Interest rate = $306.04 / (3 x $5000) = 2.04%

Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.

To learn more about inflation, please check: brainly.com/question/18072639

4 0
2 years ago
The __________ shows how the capital is structured in the business, including the value of assets and the amount the firm owes a
PIT_PIT [208]

Answer:

balance sheet

Explanation:

The <u>balance sheet</u> shows how the capital is structured in the business, including the value of assets and the amount the firm owes at a specific point in time.

4 0
2 years ago
QUESTIONS
Sliva [168]

Answer: B

Explanation:

you can pass on the right if you are driving on a one way road.

3 0
3 years ago
Almost 80% of business owners are clueless about the competition, resulting in
Lesechka [4]

Answer:

The correct answer would be lost market share and customers.

Explanation:

When companies start their business and their business starts to boom, they usually get busy in making their products better and better and usually forget to keep an active eye on the competition they have in the markets. Almost 80% of the business owners are clueless about the competition. Due to this negligence, companies start to loose their market share as well as the customers, because they don't have idea about what their competitors have introduced in the market and what strategies they have used to compete in the market.

6 0
3 years ago
A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is
Harrizon [31]

Answer:

loss at the short run

Explanation:

marginal cost is higher than the marginal revenue

3 0
3 years ago
Other questions:
  • Larry estimates that the costs of insurance, license, and depreciation to operate his car total $320 per month and that the gas,
    13·1 answer
  • Under the georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor
    10·2 answers
  • The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expec
    7·1 answer
  • A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
    14·1 answer
  • A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the
    8·1 answer
  • At the end of 2008, how many businesses were operating in the United States?
    15·1 answer
  • This year Andrews achieved an ROE of 24.5%. Suppose next year the profit margin (Net Income/Sales) decreases. Assuming sales, as
    10·1 answer
  • How can the government improve occupational mobility ?
    12·1 answer
  • 1. It's important to let yourself see the truth about what you really have right now.
    14·1 answer
  • __________ are electronic markets in which banks and institutional traders buy and sell various currencies on behalf of business
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!