Answer:
C. emphasize basic economic relationships by purposefully simplifying the complexities of the real world.
Explanation:
Answer:
The total cash due from the buyer at closing is $ 32700.
Explanation:
The total cash due from the buyer at closing is given by the sum of: the cost of the property plus the closing cost, minus the remaining balance of the first loan minus the note and deed of trust. So, we have:
Total_Cash= 150000+2500-89800-30000
Total_Cash= $ 32700
The total cash due from the buyer at closing is $ 32700.
Answer:
Prepare journal entries for the transactions noted above.
Answer:
Yield to maturity is 3.94%
Explanation:
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.
Face value = F = $1,000
Coupon payment = $1,000 x 9% = $90/2 = $45 semiannually
Selling price = P = $1080
Number of payment = n = 10 years x 2 = 20
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $45 + ( 1000 - 1080 ) / 20 ] / [ (1,000 + 1080 ) / 2 ]
Yield to maturity = [ $45 - 4 ] / 1040 = $41 /1040 = 0.394 = 3.94%
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