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Serjik [45]
4 years ago
9

You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium fo

r $ 1 comma 300 per month and that​ taxes, insurance, and maintenance costs will run about $ 300 per month. If interest rates are 12 % compounded​ monthly, how large a 20 dash year mortgage can you assume and still have the rental income cover the monthly​ expenses?
Business
1 answer:
Nastasia [14]4 years ago
3 0

Answer:

It can take a mortgage up to 90,819 dollars

Explanation:

1,300 per month

-300 maintenance and other cost

1,000 per month

What is the PV of an annuity of 1,000 dollars

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 1000        (proceeds from the rent)

time  240         (20 year x 12 month per year)

rate 0.01          ( 12% / 12 months = 1%)

1000 \times \frac{1-(1+0.01)^{-240} }{0.01} = PV\\

PV $90,819.4163

It can take a mortgage up to 90,819 dollars

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According to Colorado Real Estate License Law, how long is an agent responsible for maintaining client confidentiality?
Morgarella [4.7K]

Answer:

Three years from the expiration of the contract .

Explanation:

5 0
4 years ago
Francis, Inc. acquired 40% of Park's voting stock on January 1, 2020 for $420,000. During 2020, Park earned $120,000 and paid di
kirill [66]

Answer:

correct answer is b. $444,000

Explanation:

given data

acquired = 40%

voting stock = $420,000

2020 Park earned =  $120,000

2021 Park earned =  $160,000

paid dividends = $50,000

paid dividends = $40,000

sold half of its stock in Park = $275,000

solution

we get here Balance at December 31 2020 that is express as

Balance at December 31  = Acquisition price  +  share in net income-share in dividend   .........................1

put here value we get

Balance at December 31  =  420000 + (120000 × 0.4) - (60000 × 0.4)

Balance at December 31  = 444000

so correct answer is b. $444,000

7 0
4 years ago
PLEASE HELP! WORTH 25 POINTS
Mariulka [41]

Answer:

Something to do when youre younger 16^ is go to your dream job and ask if they need help now if they say yes than put in double the work to show them that you actaully want this job.

Explanation:

1

Write down a list of your skills and abilities. Research careers suited to your skills. Think about the jobs you are truly able to do and would enjoy most. This will help you narrow your search and focus your visualization.

2

Imagine that you have your dream job. Picture yourself waking up, getting ready for work and driving to your new job. Think about your tasks and what your co-workers and boss say to you. Make the scenario as real as possible.

3

Incorporate all five senses into your visualization, including touch, taste, hearing, smell and sight. These details will make your brain think the scenario is real.

4

Act as if you have your dream job. For example, write "I work as a chef and I love my new job" on a sticky note. Stick the note where you'll see it often. Think about the note frequently throughout the day.

5

Think about the lifestyle you'll have because of your dream job. Visualize getting your first paycheck from the job. Imagine being able to meet your financial goals, such as buying a house, going on vacation or taking care of your family.

6

Write your goals on index cards and review them daily. Take a few moments every day to create a visualization based on each card.

7

Visualize your dream job for five minutes each morning when you wake up and before you go to bed at night. Eliminate noises and outside distractions to help you concentrate.

8

Take actual steps toward obtaining your dream job. For example, enroll in college and earn a degree that will help you get a job in your desired field. Go to seminars related to your field to meet managers and business owners who can hire you. Make friends with someone who has your dream job and ask him how he got the position.

3 0
3 years ago
Example 31: S borrows 5,00,000 to buy a house. If he pays equal instalments for 20 years
Veronika [31]

Answer:

$58.729

Explanation:

To find the answer, we need to use the present value of an annuity formula.

The formula is:

P = X [(1 - (1 + i)^-n) / i ]

Where X is the annual instalment

P is the present value of the investment (500,000 in this case)(

i is the interest rate (10% in this case)

and n is the number of periods (20 years in this case)

We now plug the amounts into the formula:

500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]

500,000 = X [8.51356]

500,000 / 8.51356 = X

58,729 = X

So the value of the equal annual instalment will be $58.729

7 0
3 years ago
Select items that affect incentives for people to produce and exchange goods and services.
Finger [1]

The items that affect incentives for people to produce and exchange goods and services are:

liability rules
property rights
contract enforcement

<span>These factors will hinder the exchange of goods and services to people.</span>
8 0
3 years ago
Read 2 more answers
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