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iren2701 [21]
3 years ago
14

Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.

Mortgages are the reverse of annuities, because you get a lump-sum amount as a loan in the beginning and then you make monthly payments to the lender.
You've decided to buy a house that is valued at $1 million. You have $500,000 to use as a down payment on the house, and want to take out a mortgage for the remainder of the purchase price. Your bank has approved your $500,000 mortgage, and is offering a standard 30-year mortgage at a 12% fixed nominal interest rate called the loan's annual percentage rate or APR). Under this loan proposal, your mortgage payment will be _____ per month.

a) $6,428.83
b) $5,143.06
c) $7,971.74
d) $6,943.13
Business
1 answer:
Marianna [84]3 years ago
4 0

Answer: b

Explanation:

500 000*12% = 60 000\12

5000

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A contract clause that restricts competition for a specified period of time, within a certain geographic area, and for specified
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Answer:

Non-compete clause

Explanation:

Non-compete clause is a clause under which one party (usually an employee) accepts not to go into or start a similar profession or trade in competition against another party (usually the employer). Some courts call these "restrictive covenants".

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Which subtype of ADHD is characterized by lethargic, daydreamy behavior?
OverLord2011 [107]

Answer:

predominantly inattentive

Explanation:

ADHD is a disorder of neurobiological origin, in which there is a deficit in the functional structure of certain brain areas or centers related to the regulation of different attention processes.

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3 years ago
The Economy Tomorrow Suppose a country’s GDP is $10 billion and the population is 2 million this year.
Sphinxa [80]

GDP per capita for this year is $5000

GDP per capita for next year  is $4760

GDP per capita for next year is $5100

<h3>What is the GDP per capita?</h3>

GDP per capita is the gross domestic product of a country divided by the total population of that country.

GDP per capita = GDP / population

GDP per capita for this year = $10 billion / 2 million = $5000

GDP per capita for next year  = $10 billion / ( 2 x 1.05) = $4760

GDP per capita for next year = (10 billion x 1.03) / ( 2 x 1.01) = $5100

To learn more about GDP, please check: brainly.com/question/15225458

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8 0
2 years ago
A company has the following liabilities at year end:
lisov135 [29]

Answer:

B) $16,000

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Current liabilities are debt that must be paid within a 12 month period.

The total value of the notes payable is $355,000, but only $16,000 is due within 12 months. The $175,000 of short term debt has been refinanced and reclassified as long term debt. The $25,000 of deferred tax liability is also non current.

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3 years ago
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