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quester [9]
3 years ago
9

Suppose you buy a home and borrow $176,000 using a 30 year mortgage with an annual interest rate of 3.20% (compounded monthly).

You recall your FI 302 professor talking about how increasing your monthly payment can save you both time and money. You decided to pay 10% more each month than what the bank suggests your payment should be. Given this, in how many years will you pay off the loan
Business
1 answer:
kipiarov [429]3 years ago
5 0

Answer:

Explanation:

Rate of interest =  3.2 / 12 = .266667

No of terms = 12 x 30 = 360

amount = 176000

PMT = $ 761.14

Now the instalment is increased by 10% so

the instalment becomes = 761.14 + 76.11

= #837.25

No of years required from table

= 25.74 years.

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For a single-server queueing system, which of the following is TRUE? A high utilization factor will result in a system that perf
ankoles [38]

Answer:

II only. A high utilization factor will result in a system that performs poorly is TRUE for a single-server queueing system. As it states that when designing a single-server queueing system, beware that giving a relatively high utilization factor (workload) to the server provides surprisingly poor measures of performance for the system.

True that queueing models enable finding an appropriate balance between the cost of service and the amount of waiting.

Explanation: RATE BRAINLIEST PLEASE

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3 years ago
A _______ lease covers the landlord's expected increases in expenses by increasing the rent on an annual basis over the life of
Sveta_85 [38]

A step lease covers the landlord's expected increases in expenses by increasing the rent on an annual basis over the life of the agreement.

4 0
3 years ago
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Assume the bid rate of an Australian dollar is $0.60 while the ask rate is $0.61 at Bank Q. Assume the bid rate of an Australian
jarptica [38.1K]

Answer:

$16,393.44

Explanation:

Calculation for what would be your gain

Gain=$1,000,000/($0.61 per AUD)*$0.62 per AUD - $1,000,000

Gain=1,639,344*$0.62 per AUD - $1,000,000

Gain=$16,393.44

Therefore what would be your gain if you use $1,000,000 and execute locational arbitrage will be $16,393.44

3 0
3 years ago
The comparison of the actual results of capital investments to the projected results is referred to as?
harina [27]

The comparison of the actual results of capital investments to the projected results is referred to as post-audit.

The payback method determines how long it will take for the company to recoup its investment. Annual cash flows are compared to the initial investment, but the time value of money is not considered and cash flows beyond the payback period are ignored.

Companies apply the time value of money in a variety of ways to make yes or no decisions about investment projects and between competing projects. Two of the most common methods are net present value and internal rate of return (IRR).

The minimum return on the capital investment required by management is called the return on investment. The collection method considers cash flows that occur both during and after the collection period.

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6 0
1 year ago
Assuming that the direct materials used are $1880000, compute the total manufacturing costs using the following information.
Scilla [17]

Answer:

D. $3240000.

Explanation:

Particulars                               Amount ($)        Amount ($)

Direct materials used                                          1,880,000

Direct Labor                                                         760,000

<u>Manufacturing Overheads </u>

Factory Utilities                          150,000

Indirect Labor                             50,000

Factory Depreciation                 <u>400,000</u>           <u>600,000</u>

Total Manufacturing cost                                  <u>$3,240,000</u>

6 0
3 years ago
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