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3 years ago

A graduated payment mortgage allows the buyer to ___.

Business

2 answers:

lord [1]3 years ago

8 0

Answer:

c. have low initial payments

Explanation:

I just took the quiz

Tamiku [17]3 years ago

5 0

D. Not have a downpayment.

Due to the nature of the mortgage.

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On December 1, Milka Inc. borrows $500,000 from the bank. Interest of 6% is due in six months. On December 31, Milka recognizes

Leokris [45]

Milka's balance sheet reports: Interest payable for one month.

<h3>What is interest?</h3>

The fee you pay to borrow money or the fee you charge to lend money is called interest.

Some features of interest are-

The fee paid for the privilege of borrowing money is called interest, and it is often stated as an annual percentage rate (APR).
The compensation a lender or financial organization receives for giving out money is called interest.
The most common way to represent interest is as a yearly percentage of the loan amount.
The interest rate on the loan is known as this percentage.
For instance, if you put money in a savings account, a bank will provide you interest.

The three types of interest include -

simple (regular) interest: The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
accrued interest: The amount of interest accrued on a loan or other financial obligation as of a certain date that has not yet been paid back.
compounding interest: The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: If you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.

To know more about the estimation of simple interest, here

brainly.com/question/2294792

#SPJ4

5 0

2 years ago

Colombo Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beg

iVinArrow [24]

Answer:

Option D. $10,000 is the correct answer.

Explanation:

Journal Entry for pension expenses:

Pension Expense $10,000

Cash $10,000

(To record pension expenses)

Pension expenses for the year ended is comprised of the following components of pension cost.

Service Cost $14,000

Interest cost $6,000

Expected return on plan assets $10,000

__________

Pension expenses $10,000

3 0

3 years ago

Why do buissness complete an a free enterprise system ?

Kitty [74]

Here u go this is really helpful I just had this question yw

3 0

2 years ago

At the beginning of a recent year, JetBlue's assets were $7,071 million and its equity was $1,757 million. During the year, asse

STALIN [3.7K]

Answer:

JetBlue's equity at the end of the year was $1,888 million

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Equity

At the beginning of a recent year, JetBlue's liabilities = Total asset - Equity = $7,071 - $1,757 = $5,314 million.

During the year, assets decreased by $1 million and liabilities decreased by $132 million.

At the end of the year:

JetBlue's assets = $7,071 - $1 = $7,070 million

JetBlue's liabilities = $5,314 - $132 = $5,182 million

JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million

7 0

2 years ago

In a team, constructive criticism should focus on what particular team members are doing wrong and how those mistakes hurt the t

kondaur [170]

Answer:

False

Explanation:

Constructive criticism should not only focus on what people are doing wrong, that is just to criticize someone, there is nothing constructive about that. Constructive criticism is about letting other team members know what they are doing well, and what they are doing not so well (or simply wrong), but it should also include how they can use their abilities and capabilities to correct their mistakes.

4 0

3 years ago