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natka813 [3]
3 years ago
7

Suppose you take out a 30-year mortgage for $100,000 with annual payments. The interest rate on the mortgage is 8%. When you hav

e paid off half the mortgage, so that the value of the remaining payments is reduced to $50,000, how many more payments need to be made
Business
1 answer:
Elza [17]3 years ago
6 0

Answer:

Approximately 8 more payments need to be made.

Explanation:

Mortgage Amount = $100,000

Interest Rate = 8%

Time = 30 years

Calculating Annual Payment,

Using TVM Calculation,

PMT = [PV = 100000, T = 30, FV = 0, I = 0.08]

PMT = $8,882.74

So,

Annual Payment = $8,882.74

Loan Balance = $50,000

Calculating Time for Repayment,

Using TVM Calculation,

T = [PV = 50,000, PMT = -8882.74, FV = 0, I = 0.08]

T = ~8 years

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Redesigned Computers has 6.2 percent coupon bonds outstanding with a current market price of $604. The yield to maturity is 14.4
DochEvi [55]

Answer:

These bonds mature in 8 years

Explanation:

We are required to find the Number of Years that the Bonds  will mature. Thus we want to find N

Using A financial Calculator

PV    = $604

YTM = 14.4 %

PMT = $1,000 × 6.2 % = 62

FV    = $ 1000

P/YR = 1

N   = ?

N = 8.837

Therefore these bonds mature in 8 years

5 0
3 years ago
As an alternatives to FDI, firms could choose ______, which involves producing goods at home and shipping them overseas, or ____
Vladimir79 [104]

Answer:

As an alternatives to FDI, firms could choose <u>EXPORTING</u>, which involves producing goods at home and shipping them overseas, or <u>LICENSING</u>, which is granting a foreign firm the right to produce and sell a product in return for a royalty fee.

Explanation:

To export a good (or service) means to sell a domestically produced good to other foreign countries. Traditionally basically only goods were exported, but lately there has been a surge of service exports, e.g. outsourcing customer services to India.

Licensing a product or service refers to a licensor giving permission to produce a product or service and sell it within a given market, usually foreign market. The licensor charges royalties to the licensee in exchange for that permission.

7 0
4 years ago
Miguel Corporation, a foreign subsidiary of a U.S. parent company, has one asset (Land) and no liabilities. The functional curre
user100 [1]

Answer:

All the 4 statements are correct.

Explanation:

The International Accounting Standard on Currency changes says that the all the assets and liabilities of the subsidiary must be reported at market value of the asset both at the end of the year and at the time of sale of asset & payment of liability. So this means that the statement a and d are correct statements because the translation gain or loss is reported by using the spot rate which is the market value of the asset in the parent company's currency. Similarly, the statement b and c are correct because at the time of sale of subsidiary assets we are actually recognizing the remeasurement gain or loss by using the spot rate, which is the market value of the asset in the parent company's currency.

5 0
3 years ago
what is nfo? a new fund offer (nfo) is a first-time subscription offer for a new scheme that has been launched by an asset manag
shtirl [24]

A new fund offer (NFO) is the first-time subscription offer for a new scheme launched by asset management companies (AMCs). A new fund offer is launched in the market to raise capital from the public in order to buy securities like shares, govt. bonds etc. from the market.

In economic accounting, an asset is any aid owned or managed by using a business or an economic entity. It is whatever (tangible or intangible) may be used to produce a fine monetary fee. Belongings represent the price of ownership that can be transformed into cash (even though coins itself is also considered an asset). The stability sheet of a firm records the financial price of the property owned by that firm. It covers money and other valuables belonging to a person or to an enterprise. Belongings may be grouped into two essential lessons: tangible property and intangible belongings. Tangible property includes numerous subclasses, consisting of modern-day property and fixed property. present-day assets encompass coins, stock, and accounts receivable, while constant assets consist of land, buildings, and gadget. Intangible belongings are non-bodily resources and rights that have value to the firm because they give the firm an advantage inside the market. Intangible belongings include goodwill, copyrights, emblems, patents, laptop applications, and economic property, consisting of economic investments, bonds, and shares.

Learn more about asset here

brainly.com/question/25746199

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3 0
1 year ago
g In November and December 2017, Marigold Corp., a newly organized magazine publisher, received $79800 for 1,000 three-year subs
denpristay [2]

Answer:

$0

Explanation:

According to the revenue recognition principle, the revenue should be recorded when the service is delivered or it is recognized not when the cash is received

Therefore the amount of $79,800 would be the deferral and should be recorded from Jan 2018 when the subscription starts issued

Hence, no amount would be recognized

7 0
4 years ago
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