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mezya [45]
3 years ago
11

mortgage loan at an annual interest rate of 6.5% selling price of 225,000 they need a down payment of 15%,what is the amount fin

anced with mortgage​
Business
1 answer:
Genrish500 [490]3 years ago
5 0

Answer: The amount of the mortgage is $191,250.

Explanation: The person is purchasing a house for an agreed upon amount of $225,000. The bank is requiring that they have a 15% down payment, which means that their mortgage will be for the remaining amount, which is 85% of the purchase price. $225,000 x .85 = $191,250.

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<u>Answer:</u>

<em>C. the price for most products and services is always the same.</em>

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4 years ago
Which of the following is NOT considered in determining the level of development of a country?
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3 years ago
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Western Electric has 23,000 shares of common stock outstanding at a price per share of $57 and a rate of return of 14.2 percent.
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Answer:

The firm's weighted average cost of capital if the tax rate is 34 percent is 12.69%

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total assets = common stock value + preferred stock value + debt

                   = 23000*57 + 6000*48 + 350000*102%

                   = 1956000

WACC

= (common stock value/total assets) * common stock rate of return

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Therefore, The firm's weighted average cost of capital if the tax rate is 34 percent is 12.69%

4 0
4 years ago
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