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Semenov [28]
2 years ago
13

You borrowed $185,000 for 30 years to buy a house. The interest rate is 4.35 percent, compounded monthly. If you pay all of your

monthly payments as agreed, how much total interest will you pay on this mortgage
Business
1 answer:
Afina-wow [57]2 years ago
5 0

Answer:

$495,614.80

Explanation:

The interest paid will be the total amount paid minus the principal amount.

The amount paid after 30 years using compound interest will be

the future amount. Interest rate is compounded monthly . There are 12 compounds in a year, equivalent to 360 after 30 years.

interest is 4.35 per year or 4.35/12 per month

FV = P x ( 1+ r)N

Fv = 185,000 x ( 1+ 0.3625/100)360

Fv = 185,000 x (1.003625)30

Fv = 185,000 x 3.67899783

Fv = 680,614.60

Interest paid will be = $,614.80 - $185,000.00

=$495,614.80

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Do you have a list of the components? 
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What is a certificate of incorporation? A. taxes a stockholder pays B. a license to form a corporation C. a report filed with th
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A license to form a corporation issued by the state government.

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If the market maker is willing to purchase the entire block of 1,500 shares from Amara and, from that block, resell 1,000 shares
NeTakaya

Answer:

$1,300

Explanation:

Calculation to determine what the market maker’s net profit from Brent’s transaction

First step is to calculate the bid-ask spread using this formula

Bid-ask spread=Ask price-Bid price

Let plug in the formula

Bid-ask spread=$31.80-$30.50

Bid-ask spread=$1.30

Now let calculate the Net profit

Using this formula

Net profit=Bid-ask spread*Shares resell

Net profit=$1.3 x 1000 shares

Net profit=$1,300

Therefore the market maker’s net profit from Brent’s transaction will be $1,300

3 0
3 years ago
The average price of personal computers manufactured by MNM Company is $1,200 with a standard deviation of $220. Furthermore, it
crimeas [40]

Answer:

The required probability is 0.066807

Explanation:

Given,

σ = 220

μ = 1200

The probability that a random selection of computer which will have the price of at least $1,530 is computed as:

P (X ≥ 1530 ) = 1 - P (X ≤ 1530)

= 1 - P ( X - μ / σ)

= 1 - P ( 1530 - 1200 / 220)

= 1 - P ( z ≤ 1.5)

= 1 - 0.933193

= 0.066807

Note: This 0.933193 value is taken from the z table.

8 0
2 years ago
A very safe stock investment that generally attracts conservative investors is called a ________ stock. the dow 30 is made up of
Vladimir [108]

A very safe stock investment that generally attracts conservative investors is called a <u>blue chip</u> stock. the dow 30 is made up of such stocks.

The Dow Jones Industrial Average measures the average cost of 30 selected industrial stocks. This is important because the financial industry uses it to show the direction of the stock market over time.

The Dow Jones Industrial Average includes prices for only 30 companies and is a simple average. - The S&P 500 Stock Index is broader (500 shares) and represents a value-weighted average that gives more weight to the stocks with the largest market capitalization.

The Dow Jones Industrial Average is an index of 30 "blue chip" US industrial companies. The index includes a wide range of companies, from financial services companies to computer companies to retailers, but excludes transportation and utility companies included in another index.

Learn more about stock here brainly.com/question/25818989

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3 0
1 year ago
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