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
Andrej [43]
3 years ago
9

It’s time for Roxanne to start repaying her student loans, which are amortized over the next ten years. Her first month’s paymen

t due is $396. How much should she expect to pay next month?
Substantially less than $396


Slightly less than $396


Exactly $396


Slightly more than $396
Business
1 answer:
Mandarinka [93]3 years ago
4 0

Answer:

The correct answer is letter "C": Exactly $396.

Explanation:

An Amortization Schedule is a table that shows the amounts of principal and interest that comprise each loan payment. Amortization schedules reveal the true cost of purchasing a home, car or requesting a student loan that is<em> paid with regular, equal installments over a period of time</em>.

Thus, <em>Roxanne should pay $396 monthly for the next 10 years</em>.

You might be interested in
Hard skills are teachable abilities like reading, solving equations, and using computer software. True or False
alukav5142 [94]
This is true because any hard skill is teachable if one is willing to learn the skill by learning the skill and learning the way to use the skill one can learn it. 
4 0
3 years ago
Read 2 more answers
Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the mar
Studentka2010 [4]

Answer:

25%

Explanation:

the margin of safety is the percent of sales which the company is above the break even point.

We solve for the break even point:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{36,000}{0.24} = Break\: Even\: Point_{dollars}

BEP  = 150,000

We solve for the margin of safety:

$ 200,000 - $ 150,000 = $ 50,000

Now we compare against our sales:

$ 50,000 / $ 200,000 = 0.25

5 0
3 years ago
What is one direct result of competition in a free-market economy?
damaskus [11]

Answer:

<h2>B</h2>

Explanation:

<u>Hope</u><u> it's</u><u> help</u><u> you</u>

<u>Thanks</u><u> me</u><u> later</u>

<u>correct</u><u> me</u><u> if</u><u> im</u><u> </u><u>wrong</u>

4 0
3 years ago
Dion has an auto repair business for high-end cars like a Porsche or Ferrari. He wants to market his services to Porsche, BMW, a
lozanna [386]

Answer:

d. classify firms according to their number of customers

Explanation:

Since Dion wants to market his services to these car firms, he should consult for data that can be used to classify firms according to the customers that they have.

It has been stated clearly that people have to drive to Lubbock dallas, or Austin to get their cars serviced, so the firms can beclassified according to the number of customers.

3 0
3 years ago
In one ancient civilization, hunters shared fresh meat with other individuals in a group without an explicit timeframe or agreem
labwork [276]

Answer:

B. Gift economy

Explanation:

5 0
3 years ago
Other questions:
  • Sanders Inc. has applied $567,988 of overhead to jobs in the cost ledger. Actual overhead at the end of the year is $575,000. Th
    9·1 answer
  • Greg has 48 clients. Dolores has 75% as many clients as Greg, and Robert has 25% as many clients as Greg and Dolores together. H
    11·1 answer
  • For each item below, indicate to which category of elements of financial statements it belongs. (a) Dividends select a category
    7·1 answer
  • If tea and coffee are substitute goods, which of the following is likely to occur if the price of coffee has increased?
    13·2 answers
  • Match each scenario with its effect on the PPC.
    8·2 answers
  • As the cover letter increases in importance, will there be a time when people will not bother to write a résumé? Why or why not?
    14·1 answer
  • If the Fed wants to increase equilibrium income, it should _____ the supply of money, which will _____ interest rates. The chang
    6·1 answer
  • When job hunting it is important to
    10·2 answers
  • Granfield Company is considering... Granfield Company is considering eliminating its backpack division, which reported an operat
    12·1 answer
  • What is the term for an arrangement between you and another party where you receive goods or services now and arrange to pay lat
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!