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
Pachacha [2.7K]
4 years ago
11

You want to purchase a new condominium that costs $325,000. Your plan is to pay 20 percent down in cash and finance the balance

over 15 years at 4.1 percent. What will be your monthly mortgage payment including principal and interest?
Business
1 answer:
alekssr [168]4 years ago
7 0

The monthly mortgage payment including principal and interest is $1,936.25

Explanation:

PV = (1 - 0.20) × $325,000 = $260,000‬

r = 0.041 / 12

t = 15 * 12 = 180

C = \frac{PV}{\frac{1- [\frac{1}{(1+r)^{t} } ] }{r}}

C = $260,000‬ ÷ [1 - {1 / (1 + 0.041 / 12)∧180} / (0.041 / 12)]

C =  $1,936.25

The monthly mortgage payment including principal and interest is $1,936.25

You might be interested in
3) Compute the annual allowable depreciation using the straight line method for a machine that costs $86,000 to purchase and $7,
iren [92.7K]

Answer:

$14,333.33

Explanation:

Depreciation is the systematic allocation of the cost of an asset to P/l as a measure of use. It is added over the years as accumulated depreciation which is deducted from cost to get the net book value of the asset. Salvage value is the estimated realizable cost of an asset after its useful life.

Depreciation = (cost - salvage value)/useful life

Cost of an asset includes all cost incurred to make the asset available for use.

Depreciation = ($86000 + $7000 - $5000)/6

= $88000/6

= $14,333.33

7 0
3 years ago
Bella's employer asks her to generate a description of her job that entails what a job applicant needs to know to perform the jo
densk [106]
That would be person-oriented job analysis because it focuses on the knowledge, skills and abilities that is needed to preform a job.
8 0
3 years ago
Read 2 more answers
This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int
Anna71 [15]
The answer is <span>longevity pay.</span>
5 0
3 years ago
Refer to the accompanying consumption schedule in an economy. All figures are in billions of dollars. If gross investment is $34
dezoksy [38]

Answer:

C+$64

Explanation:

The GDP measures the market value of all good and services produced in an economy (country or region) in a specific period of time. It is calculated by this formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure ()+ Net exports (exports-imports)

A lump-sum tax at all levels of GDP means that no matter what GDP value is, the tax will be the same amount. If the tax is collected by the government then the GDP will increase because the government expenditure is income ( most of them are taxes) minus expenses ( public investment in education, health, etc)

GDP= C+$34+$30+0

After tax, the equilibrium level of GDP will be C+$64

8 0
3 years ago
XYZ Inc. brings together specialists from production, marketing, and finance from around the world, and gives each such team the
koban [17]

Answer:

Cross- functional team

Explanation:

Cross- functional team, is the team which is defined as the group of people who came together with the different functional expertise of working against the common goal.

This team may involve the people from human resources, finance, operations and marketing department.

It occurs when the specialist from different areas are put on the same team. So, in this case, XYZ bring together the specialist, which implies that the firm is creating the team of cross- function.

6 0
3 years ago
Other questions:
  • Suppose company a wants to develop a program that duplicates the functionality of a program made by company
    14·1 answer
  • The tomb of emperor qin shihuangdi includes an extraordinary grouping of what type of work?
    5·1 answer
  • Jasper makes a $25,000, 90-day, 7% cash loan to clayborn co. the amount of interest that jasper will collect on the loan is:
    14·1 answer
  • In his work with companies, henry gantt found that workers achieved their best performance levels if they were trained first. tr
    14·1 answer
  • On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rat
    8·1 answer
  • George operates a business that generated revenues of $51 million and allocable taxable income of $1.26 million. Included in the
    15·2 answers
  • What is the difference between simple and compound interest rates
    5·1 answer
  • The balance sheet of Cattleman's Steakhouse shows assets of $86,000 and liabilities of $14,400. The fair value of the assets is
    11·1 answer
  • If a final assembly company wants to expand into the manufacturing industry, it is pursuing a
    14·1 answer
  • 42)Groupe Air uses two measures of activity, flights andpassengers, in the cost formulas in its budgets andperformance reports.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!