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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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Which of the following describes the activities that play an important role in connecting brands to consumers in the final phase
expeople1 [14]

The activity that play an important role in connecting brands to consumers in the final phases of the buying process is C. Retailing.

<h3>What is the role of retailing in the buying process?</h3>

Retailing refers to the set of activities that allow for  consumers to be able to access goods and services that were produced by different companies and brands. The process of retailing often comes in the final phases of the buying project as it involves the consumers who are the end stage of the buying process as they are the ones to consume the goods and services being sold.

Retailing is therefore hugely important because it connects the brands to the consumers that they serve . Without retailing, companies would make products and services and be unable to sell them to anyone as they would not have any connection to the final consumers .

Find out more on retailing at brainly.com/question/29357664

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8 0
1 year ago
An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investm
Readme [11.4K]

Answer:

True

Explanation:

The statement ' An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investment will be lowest when the investment is compounded daily ' is true.

Investment refers to the process of investing money to earn money.

Investment refers to purchasing goods that may not be used today but are consumed in the future to create wealth.

6 0
3 years ago
Southern Foods just paid an annual dividend of $1.10 a share. Management estimates the dividend will increase by 10 percent a ye
Gnoma [55]

Answer:

$16.21

Explanation:

Worth of the stock is the present value of all the cash flows associated with the stock. Dividend is the only cash flow that a stock holder receives against its investment in the stocks. We need to calculate the present values of all the dividend payments.

Dividend Payment               $1.10    

Growth rate first 3 years 10%  

Growth rate first 4 years 3.2%  

Required rate of return          12%  

                                                 Dividend   Discount Factor    PV Factor

First year Dividend                     $1.21      0.892857143         $1.08  

Second year Dividend               $1.33     0.797193878          $1.06  

Third year Dividend                   $1.46     0.711780248          $1.04  

Fourth year Dividend                 $1.61      0.635518078        $1.02  

Stock value after fourth year = $18.89    0.635518078       <u>$12.00 </u>

Stock Value                                                                            <u>$16.21 </u>

5 0
3 years ago
Entries for Direct Labor and Factory Overhead
iren2701 [21]

Answer and Explanation:

The journal entries are shown below:

a.

Work in process inventory ($4,640 + $5,510 + $6,612 + $12,760 + $18,270) $47,792

Factory Overhead $12,500  

       Factory Wages $60,292

(being the factory labor cost is recorded)

b.

Work in process inventory  ($47,792 ÷ 29 × 23) $37,904

         To Factory Overhead $37,904

(being the factory overhead applied to production is recorded)

7 0
3 years ago
Sheila is one of the managers at Benson &amp; Parker Advertising, an agency based in New York. She is a member of a coalition of
Tju [1.3M]

Answer:

d. groupthink

Explanation:

Based on the information provided within the question it can be said that in this scenario, Sheila is engaging in groupthink. This term refers to when individuals in a group tend to make irrational and dysfunctional decisions all for the desire to maintain harmony between the group. Which is what Sheila is doing by suppressing her opinion and voting the same as the other managers.

4 0
3 years ago
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