1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inysia [295]
2 years ago
7

The condominium at the beach that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance

the balance over 10 years at 6.75 percent.
What will be the amount of your monthly mortgage payment?
Business
1 answer:
Sliva [168]2 years ago
4 0

Complete question:

The condominium at the beach that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance the balance over 10 years at 6.75 percent. What will be the amount of your monthly mortgage payment?

a. $2,291.89

b. $2,809.10

c. $3,287.46

d. $3,412.67

e. $4,145.68

Answer:

$2,291.89 will be the amount of your monthly mortgage payment

Solution:

A mortgage interest is considered the principal balance.

Every month you spend a portion of your monthly mortgage payment in order to pay off another principal or mortgages debt and a portion of the monthly payments will be charged into interest on the loan.

249500 x 20%= 49900

Amount financed = 249500-49900 = 199,600

Enter  10×12      6.75/12    199,600                  0

            N               I/Y           PV       PMT     FV

                                                       -2,291.89

You might be interested in
By offering a free dog biscuit with each cup of coffee, the Coffee Collective entices customers to visit its shop during the pet
Anna [14]

Answer:

b. Sales promotion

Explanation:

Sale promotions are activities that a company engages in to persuade a potential customer to buy its products. Sale promotions  are short-term tactics to boost sales.  Although a business may get long-term customers through sales promotions, there are designed to entice new customers in the short-run.

Sales promotions encourage customers to switch brands or try out a different product. They are ideal when introducing new products in the market. Howerver, they are costly, and sometimes have a short term effect on sales.

This case uses a free sample technique ( free dog biscuits) as the promotion method. Other ways of conducting sales promotions include discount vouchers, free money coupons, and competitions.

5 0
3 years ago
500+400-15+40-5+500000-200+500​
Vikki [24]
The answer is 501220.
8 0
3 years ago
The current market value of the assets of ABCD is $86.28 million. The call option value on the firm's assets is $53.09 million.
Temka [501]

Answer: $33.19 million

Explanation:

From the question, we are informed that the current market value of the assets of ABCD is $86.28 million and that the call option value on the firm's assets is $53.09 million.

The market value of the firm's debt will be the difference between the market value of assets and the call option value of the firm's assets. This will be:

= $86.28m - $53.09m

= $33.19 million

6 0
2 years ago
Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:
love history [14]

Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost​$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile​$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car.  What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

learn more about operating cost: brainly.com/question/2115053

#SPJ4

3 0
1 year ago
Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and __________ targeting str
trapecia [35]

Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and E. concentrated targeting strategies.  A targeting strategy allows a business to decide where segments of the market are most fitting for their product.  The concentrated marketing strategy for targeting audience is when you focus on one specific market segment. Instead of having your product appeal to many audiences, it is set for just one specific audience.

4 0
2 years ago
Other questions:
  • In june 2009, when general motors went bankrupt, ______ became its majority stock holder.
    10·1 answer
  • Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint
    10·1 answer
  • Consider the subschema of a receiving clerk. The receiving clerk needs sufficient rights in her logical view to perform her duti
    14·1 answer
  • Wanda owns a lemonade stand. She produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. Her costs per
    15·1 answer
  • A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together i
    12·1 answer
  • Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement? Select one: a
    9·1 answer
  • The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o
    12·1 answer
  • The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on
    13·1 answer
  • IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of t
    7·1 answer
  • Lily Products Company is considering an investment in one of two new product lines. The investment required for either product l
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!