Answer:
$26,036.74
Explanation:
Tom is able to pay $390 per month for 7 years. The interest rate is 6.8 %. Tom will pay an equivalent of the present value of a $390 annuity for & years 6.8 per cent
The applicable formula is
PV = P × 1 − (1+r)−n
r
Where PV is the present value
P is 390
r is 6.8% per year or 0.005666
n is 7 year or 84 months
PV = $390 x 1-(1+0.005666)84
0.00566
PV = $390 x 1- 0. 622133410)
0.00566
PV =390 x (0.37786659/0.00566)
PV = $390 x 66.760
PV = $26,036.74
Anita is a new buyer. luckily <u>her title insurance</u> will help her before the sale and can reimburse her after the sale if a title issue arises.
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<u>Given:</u>
Annual property tax = $1,140
Number of days = 91
<u>To find:</u>
Seller's credit for property tax
<u>Solution:</u>
The following is the calculation of the seller credit for property taxes,

On plugging-in the values we get,


Therefore, the seller's credit for property taxes is $288.
Answer:
740.74
Explanation:
you take 120,000 and divide it by 18 years then you divide it by 9%
and b is 987.65
Answer: Piece rate
Explanation:
The piece rate payment plan pays production workers based on the unit of product they completely produce, rather than fixed wages payment. Therefore in the piece rate payment pattern payment is based output of each worker.