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
kipiarov [429]
3 years ago
14

Rob and Laura wish to buy a new home. The price is $187, 500 and they plan to put 20% down. New Rochelle Savings and Loan will l

end them the remainder at a 10% fixed rate for 30 years, with monthly payments to begin in one month. Ignore taxes. How much will their monthly payments be? a. $1, 512.56 b. $1, 325.99 c. $1, 316.36 d. $1, 645.45
Business
1 answer:
Sonbull [250]3 years ago
7 0

Answer:

The Answer is C. $1,325.99

Explanation:

The monthly equated formula is used to reach out on monthly installments

total amount needed to buy a new home is =$187500-($187500*20%=$150000

Therefore loan required is $150,000 which will be repaid over 30 years i.e 30*12=360 months

Interest=10%/12=.008333

Installment=.00833*(1+.00833)^360/(1+.00833)^-360=3.27

Installment=(3.27*150000)/360=$1325.99

You might be interested in
Write a memo to management detailing the various classifications of costs and provide two reasons for which it is important to c
Zigmanuir [339]

Answer:

Classifications :

  1. Direct Costs
  2. Indirect Costs
  3. Product Costs
  4. Period Costs
  5. Variable Costs
  6. Fixed Costs

Reasons for classifying costs :

  1. Inventory valuation
  2. Profit Measurement

Explanation:

The first step in Cost Classification if to Identify the Cost object.The Cost object is the unit or entity for which determination of cost is required.

By observing the cost accumulating on the cost object we would identify two types of costs :

  1. Direct Cost - Costs that can be traced on the cost object
  2. Indirect Cost - Costs that can not be directly traced on the cost object

Another category used to classify costs is whether or not they will be included in product valuation.

  1. Product Cost - Attached to Product and included in valuation
  2. Period Cost - Not attached to product and thus not included in product valuation

Lastly the Costs Behaviors bring about different classifications as follows :

  1. Variable Costs
  2. Fixed Costs
  3. Semi-fixed Costs
  4. Semi - Variable Costs
4 0
4 years ago
_______________________ that require the depositor to commit to leaving their funds in the bank for a certain period of time, in
olya-2409 [2.1K]

Answer:

A certificate of deposit; a time deposit

Explanation:

3 0
2 years ago
Question 1 with 1 blankNo creo que el gobierno el problema de la contaminación rápidamente. Question 2 with 1 blankEs imposible
Novosadov [1.4K]

Answer:

I don't think the question is properly explained, but I supposed we only have to complete the sentences. I wrote the answers on capital letters using the verbs I considered adequate.

Explanation:

Question 1 with 1 blankNo creo que el gobierno RESUELVA el problema de la contaminación rápidamente.

Question 2 with 1 blankEs imposible que los senadores LLEGUEN a un acuerdo sobre la ley de la ecología.

Question 3 with 1 blankNo estoy seguro de que HALLA un centro de reciclaje por aquí.

Question 4 with 1 blankEs posible que los hermanos Reyes VAYAN a estudiar ecología en vez de filosofía.

Question 5 with 1 blankEl gobierno niega que la situación SEA tan grave.

Question 6 with 1 blankEs obvio que nadie DESEA contaminar el medio ambiente.

8 0
3 years ago
Two teachers purchased art supplies for their classes. One paid $103.45 for eight large boxes of crayons. The other teacher purc
alexdok [17]

Answer:

The answer is c. price

Explanation:

Discount pricing is a type of pricing strategy where you offer customers a discount when they buy in bulk . The goal of a discount pricing strategy is to increase customer traffic, clear old inventory from your business, and increase sales.

3 0
3 years ago
Gokceada Co. issued 100,000 shares of common stock in the current year. On October 1, Gokceada repurchased 20,000 shares of its
andriy [413]
I’m sorry I’m not answering ur question so I can ask one but I would say 450$
6 0
4 years ago
Other questions:
  • 37. At JCPenney, a mid-level department store, customers shop for moderately priced products and they are assisted in some phase
    11·1 answer
  • Juno wishes to make a deposit. She has these bills: 41 ones, 7 fives, 3 tens, and 2 twenties. She has 8 nickels, 7 dimes, and 22
    6·1 answer
  • Starting from steady state, a permanent increase in the rate of depreciation in the Solow model causesa. the growth rate of outp
    6·1 answer
  • Which strategy works best to help people feel more comfortable in meetings?
    6·1 answer
  • The negotiations between a union and the management representatives of a firm come to a standstill and a third party is brought
    8·1 answer
  • Anil wants to start a business involving a new but relatively simple product that can be produced in a short amount of time and
    10·2 answers
  • Consider the following comments about absorption- and variable-costing income statements:
    10·1 answer
  • Coronado Industries makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense
    12·1 answer
  • Bryan's department at Farrell Manufacturing is responsible for planning, implementing, and controlling the flow and storage of p
    11·1 answer
  • At the beginning of the year, The Mann Corporation, a private entity, decided to go public.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!