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Amiraneli [1.4K]
3 years ago
15

A buyer with a $242,000 loan has a monthly principal and interest payment of $1,317.66. If $1,033.54 is interest, what’s the new

principal balance after the first payment is applied?
Business
1 answer:
Sladkaya [172]3 years ago
4 0

Answer:

$‭241,715.88‬

Explanation:

Loan amount = $242,000

1st Installment = $1,317.66

1st installment is divided into principal repayment + interest

= 1st installment = principal repayment + interest

= 1,317.66 = P.repaid + 1,033.54

Principal repaid = 1,317.66 - 1,033.54 = ‭284.12‬.

Therefore, outstanding principal = loan amount - P.repaid

= 242,000 - 284.12

= $241,715.88

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Which of the following statements about careers is true?
Temka [501]

Answer:

I would say A is the best choice

Hope This Helps!  Have A Nice Day!!

4 0
3 years ago
In 2005, BridgePort Brewing Company expanded sales of its BridgePort India Pale Ale, and BridgePort Black Strap Stout into Alaba
Rina8888 [55]

Answer: organizing

Explanation:

When the brewery allocated resources to increase its production and distribution, the management function that it'll have relied on is organizing.

First and foremost, we should note that the management functions usually include:

• planning,

• organizing,

• leading, and

• controlling.

The organizational skills is vital in order for the company to runs smoothly. Organizing has to do with the establishment of internal processes in order to know the workers that fits a particular position.

Also, the management makes sure that everyone are organized and that workers are working hard towards the accomplishment of company's goals.

7 0
3 years ago
4.You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan
Anon25 [30]

Answer:

$124,966.9

Explanation:

The computation of the market or resale value is shown below:

$100,000 = $10,000 ÷ (1.15^1) + $10,000 ÷ (1.15^2) + $10,000 ÷ (1.15^3) + $10,000 ÷ (1.15^4) + Resale value  ÷ (1.15^4)

$100,000 = $8695.65 + $7561.44 + $6575.16 + $5717.53 + Resale value ÷ 1.749006

Resale value ÷1.749006 = $71,450.22

So, the resale value is  = $124,966.9

We simply applied the present value formula

3 0
3 years ago
4. Which of the following statements is true about debits?
Contact [7]

Answer:

I believe the answer is d

5 0
3 years ago
On January 1, 2020, Waterway Company sold 11% bonds having a maturity value of $700,000 for $783,845, which provides the bondhol
Hoochie [10]

Answer:

The journal entry to record the issuance of bond is shown as:

Dr  Bank                                       $783,845

Cr  Bonds payable                                          $700000

Cr  Bonds premium                                          $83845

    Being issuance of bonds for cash

Subsequently,coupon interest is calculated is on the par value of $700000 at 11% while effective interest of 8% is calculated on $783,845

Explanation:

Upon issuance of the bonds,the receipt of cash of $783,845 is debited to bank account as an increase in asset.

The obligation to redeem the bond on 1 January 2025 is credited to bonds payable at par value of $700000(an increase in liability)

However, cash received is more by $83,845 which is credited to bonds premium account.

6 0
3 years ago
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