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3 years ago

Your merchant fee is 3%. Your customers paid you 280,000 with cash. What is your total merchant fee?

Business

1 answer:

gayaneshka [121]3 years ago

4 0

Answer:

$8400

Explanation:

to find 3% you multiply 280,000 by 0.03

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Recently many large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Fe

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Answer:

A. True

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Large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Federal Reserve, and this has caused an increase in the money multiplier and the money supply.

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In the study of geomorphology, why do we primarily concentrate on processes rather than on distribution patterns by latitude?

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In the study of geomorphology, processes like weathering and erosion are key to how the rocks will be sculpted by natural forces to produce interesting landforms like buttes and mesas for example. The distribution of geomorphological features like say the Amazon River by latitude is important but the process that shaped the landforms is more important as to how it got its present configuration.

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4 years ago

Unlike wholesalers, _______ do not own the goods that they distribute to customers; rather, they serve as independent sales re

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Agents of a business

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3 years ago

You need a 30-year, fixed-rate mortgage to buy a new home for $210,000. Your mortgage bank will lend you the money at a 7.1 perc

miskamm [114]

Answer:

$573,963

Explanation:

First, calculate the present value of the loan payments using the following formula

PVA = PMT x [ ( 1 + r )^n - 1 ] / [ r ( 1 + r )^n)

PVA = $950 x [ ( 1 + 7.1%/12 )^360 - 1] / [ 7.1%/12 ( 1 + 7.1%/12 )^360)

PVA = $141,362.32

Now calculate the difference of Value of loan and the present value of loan payment

Difference = Loan value - PV of loan payment = $210,000 - $141,362.32 = $68,637.68

This te Ballon payment in present value term, We need to determine the value at the end of the loan term.

Hence we need to calculate the future value of this payment as follow

Future value = Present vale x ( 1 + Monthly Interest rate )^numbers of months

Future value = $68,637.68 x ( 1 + 7.1%/12 )^360

Future value = $573,963.09

Future value = $573,963

Hence the ballon Payment will be $573,963

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3 years ago