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likoan [24]
4 years ago
8

Casey is considering taking out a 30-year loan with monthly payments of $205 at an APR of 1.9%, compounded monthly, and this equ

ates to a loan of $56,220.01. Assuming that the APR and the length of the loan remain fixed, which of these is a correct statement?

Business
2 answers:
Sergio [31]4 years ago
4 0

So logically, without doing any math, you can look at the answers and see which is the correct answer.

So we are told that rate and term stay the same.

So if you make lower payments but make the same number of payments, the total amount of payments would be LESS than the original loan.

If you make higher payments, the amount of the loan would be MORE.

Look for the answer that meets this criteria.

Kipish [7]4 years ago
4 0

Answer:

A, monthly payments of $195

Explanation:

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Old South Company purchased investments for $55,000 and plant assets for $147,000 during the current year, during which it also
Gnesinka [82]

Answer:

The cash used by investing activity is $136,000.00 as shown in the workings below.

Explanation:

The cash provided by or used by investing activities can be computed thus:

Plant sold                                      $66,000

Investments                                  ($55,000)

Plant assets                                   (<u>$147,000)</u>

Cash used by investing activities ($136,000)

The cash used by investing activities is $136,000 as shown above.

The outflow of $78000 for the purchase of treasury stock relates to financing.

The inflow of $523000 for new share issue is also a financing activity.

The financing activities are transactions relating to the providers of finance, that is the shareholders and debt-holders

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7 0
3 years ago
For the last few years, an African village did not receive adequate rainfall. Due to this, the farmers in this village have suff
Gemiola [76]

Answer:

  • <u><em>D. cloud seeding</em></u>

Explanation:

<em>Cloud seeding</em> is aimed mainly to stimulate rainfall.

The process consists in spraying the clouds with some chemicals, whose particles can serve as nucleation center, inducing the formation of ice. Then, liquid droplets will form around the ice particles and, when they are large and heavy enough, will precipitate.

Although this procedure has been used it is objet of study because it effectiveness is in doubt.

One of the chemicals that is mentioned in the sources for cloud seeding is silver iodide, among others.

5 0
4 years ago
3CuCl2(aq)+2Al(s)—&gt;3Cu(s)+2AlCl3(aq) the number of moles of Cu produced in this reaction is ?
Julli [10]

Answer:

0.078

Explanation:

6 0
3 years ago
Read 2 more answers
Suppose the real risk-free rate is 3.50%, the average future inflation rate is 2.25%, and a maturity premium of 0.10% per year t
podryga [215]

Answer:

5.85%

Explanation:

Suppose the real risk-free rate is 3.50%,  the average future inflation rate is 2.25%, and a maturity premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t), where t is the years to maturity.  What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is NOT valid?   Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.

a. 5.75%

B. 5.85%

c. 5.95%

d. 6.05%

e. 6.15%

r = r* + IP + DRP + LP + MRP

r = 3.50% + 2.25% + 0 + 0 + .10% = 5.85%

6 0
4 years ago
In a closed​ economy, the values for​ GDP, consumption​ spending, investment​ spending, transfer​ payments, and taxes are as​ fo
Oliga [24]

Answer: Option (C) is correct.

Explanation:

National Savings is divided into two parts, private savings and public savings.

Private Savings = GDP - Taxes + Transfer payments - Consumption Spending

                         = Y - T + TR - C

                         = 12 - 3 + 2 - 9

                          = $ 2 trillion

Public Savings  = Taxes - Government Spending - Transfer payments

                           = 3 - 0 - 2

                           = $1 trillion

∴ Option (C) is correct.  

Private saving = ​$2 trillion and public saving = ​$1 trillion.

3 0
4 years ago
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