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andrezito [222]
3 years ago
11

An investor buys a property for $608,000 with a 25-year mortgage and monthly payments at 8.10% APR. After 18 months the investor

resells the property for $667,525. How much cash will the investor have from the sale, once the mortgage is paid off
Business
1 answer:
vesna_86 [32]3 years ago
6 0

Answer:

$71,520

Explanation:

we must first determine the monthly payment:

monthly payment = present value / annuity factor

  • present value = $608,000
  • PV annuity factor, 0.675%, 300 periods = 128.46

monthly payment = $608,000 / 128.46 = $4,732.99

Then I prepared an amortization schedule using an excel spreadsheet. After the 18th payment, the principal balance is $596,005.

The investor will have $667,525 - $596,005 = $71,520

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klasskru [66]

Answer:

masculinity

Explanation:

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3 0
3 years ago
The fundamental relationship between savings and investment spending in an economy is that: A. savings will increase as investme
Romashka-Z-Leto [24]

The correct option is B

<u>Explanation:</u>

In an economy, planned investment spending is always equal to planned saving. If actual saving falls short of (exceeds) planned saving, then actual investment falls short of (exceeds) planned investment.

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Therefore, Option B is correct

8 0
3 years ago
Organizations refers to _____. demographics communication competition possible customers
ivolga24 [154]

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8 0
2 years ago
During the year,Liptom Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balanc
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Answer:

$55,500

Explanation:

The computation of the net realizable value after the write off entry is show below:

The credit balance in allowance with terms to bad debts is

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Now the net realizable value is

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= $56,000 - $500

= $55,500

Hence, the same is to be considered

7 0
2 years ago
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