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3 years ago

Select all that apply.

2 answers:

3 0

Money is anything that people are willing to accept to use for payment for goods and services.The purpose of money can be described as follows:
store of value - money is a way of saving for future purchases
unit of account - money represents the real value (or cost) of any economic item.
medium of exchange- Money serves as a medium of exchange.

Tpy6a [65]3 years ago

3 0

store of value

unit of account

medium of exchange

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Musya8 [376]

Answer:

Ans. A) $9,314.45

Explanation:

Hi, first we have to bring to present value the monthly payments to be made for 30 years (360 months). In order for this to be useful, we have to convert this annua compounded monthly rate (6.25%) to an effective rate, that is 6.25% / 12 = 0.5208%. Now, when we find this present value, we are going to substract it from the price of the house and that is the value of the down payment. But let´s just go ahead and do it together.

We have to use this formula to bring to present value the $1,595.85 monthly payments, for 30 years (360 months) at a rate of 6.25% (0.5208% monthly).

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

It should look like this

$PresentValue=\frac{1,595.85((1+ 0.005208 )^{360}-1) }{0.005208(1+0.005208)^{360} }$

$Present Value=259,185.55$

Now, let´s go ahead and find the down payment.

$DownPayment=Price-PresentValue$

$DownPayment=268,500-259,185.55= 9,314.45$

So, the answer is a). $9,314.45

Best of luck.

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3 years ago

Cage company had net income of $365 million and average total assets of $2,040 million. its return on assets (roa) is?

elixir [45]

Cage company had a net income of $365 million and average total assets of $2,040 million. its return on assets (ROA) is 17.6%.

Net salary is the total net salary after deducting all taxes and other employee benefits. This is the amount deposited in your bank account that you can use for your budget and living expenses. Simply put, Gross Salary - Deductions = Net Salary.

Net income is the income of an individual or business after deducting expenses, allowances, and taxes. In commerce, net profit is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.

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1 year ago

Harriet died before she had a chance to prepare a will. What will MOST likely happen to her estate?

timofeeve [1]

Answer:

the answer is d!

Explanation:

I hope this helps

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Dennis_Churaev [7]

Answer:

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Explanation:

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Using this formula

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