Gary has an 80% LTV loan on his new $318,000 townhome with an annual interest rate of 4.125%. What’s his interest payment the fi
1 answer:
Answer:
interest amount = $874.50
Explanation:
given data
LTV loan = 80%
amount = $318,000
interest rate = 4.125% = 0.04125
to find out
interest payment the first month
solution
first we get here loan amount that is
loan amount = 80% of $318,000
loan amount = $254,400
now we get here interest amount for 1st month that is
interest amount = loan amount × interest rate × time period
put here value
interest amount = $254,400 × 0.04125 ×
interest amount = $874.50
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- It permits for uncovering the things that are beyond the control.
- The example involved national holidays or sick leaves.
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So, The other options seem incorrect
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Answer:
The correct answer to the following question will be "$76,986".
Explanation:
Although the organization is reportedly going to pay $14.00 per unit, even before manufactured throughout the corporation, cost and save per unit will become the variation among current value as well as production costs without set rate. The cost of operating expenses will not be included to measure the gain because the idle resources of the company would be included and would not raise the fixed costs.
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