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ozzi
3 years ago
9

You plan to purchase a $330,000 house using either a 30-year mortgage obtained from your local savings bank with a rate of 8.00

percent, or a 20-year mortgage with a rate of 7.00 percent. You will make a down payment of 20 percent of the purchase price. a. Calculate the amount of interest and, separately principal paid on each mortgage. What is the difference in interest pald? b. Calculate your monthly payments on the two mortgages. What is the difference in the monthly payment on the two mortgages? (For all requlrements, do not round Intermediate calculations. Round your answers to 2 declmal places. (e.g. 32.16)) Interest under 20-year mortgage Interest under 30-year mortgage Difference in interest paid b Monthly payment under 20-year mortgage 1,937.14 Monthly payment under 30-year mortgage Diflerence in monthly payment

Business
1 answer:
neonofarm [45]3 years ago
4 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Last year Electric Autos had sales of $165 million and assets at the start of the year of $280 million. If its return on start-o
ohaa [14]

Answer: 16.9697%

Explanation:

Sales = $165 million

Assets in beginning of year = $280 million

Assets return on start of the year = 10%

Return\ on\ Net\ Assets =\frac{Operating\ Profit}{Net\ Assets}\times 100

\frac{Return\ on\ Net\ Assets\times Net\ Assets}{100} =Operating\ Profit

\frac{10\times 280}{100} =Operating\ Profit

Operating Profit = 28

Operating\ Profit\ Margin = \frac{Operating\ Profit}{Sales\ revenue}

Operating\ Profit\ Margin = \frac{28}{165}\times 100

                                                  =  16.9697%

8 0
3 years ago
The facet of partnership that describes the requirement that every worker be responsible for defining the project's vision and g
mihalych1998 [28]

Answer:

Exchange of purpose

Explanation:

The facet of partnership that describes the requirement that every worker be responsible for defining the project's vision and goals is called Exchange of purpose

7 0
3 years ago
Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward
lora16 [44]

Answer:

C) in swap transactions where the trader is attempting to minimize currency exposure, the actual spot and outright forward rates are often of no consequence.

Explanation:

Swap transactions occur with negotiations based on the profitability of two goods, in relation to the profitability related to the value of a currency of a given location. As the currency value of these two goods can vary significantly, the traders involved in this process always seek to minimize currency exposure, as well as real cash rates. This gives space for bank brokers to use shortened laces notation, where future price predictions are considered.

3 0
3 years ago
The primary goal of financial management is to: a. maximize current dividends per share of the existing stock.b. maximize the cu
tangare [24]

Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management collects several strategies to add value to the company in the long-term. This could be achieved by generating revenue sustainably and increasing the value per share of the firm's stock which boosts the value of the overall entity in the market.

<em>One of the most important goals financial management has is to maximize the stakeholders' wealth.</em>

6 0
3 years ago
In many large U.S. cities, taxicab companies operate as near monopolies because of_____.
Naya [18.7K]

Answer: Option (b) is correct.

Explanation:

Correct Option: Licenses

In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.

There is a advantage for the taxicabs companies for using the monopoly power.

Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.

4 0
3 years ago
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