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faltersainse [42]
3 years ago
11

You found your dream house. It will cost you $300000 and you will put down $30000 as a down payment. For the rest you get a 30-y

ear 4.0% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

Business
1 answer:
Andrews [41]3 years ago
5 0

Answer:

$1,282.80

Explanation:

The PMT formula is used for this question. The attachment is shown below:

The NPER shows the time period

Given that,  

Present value = $300,000 - $30000 = $270,000

Future value = $0

Rate of interest = 4% ÷ 12 months = 0.33%

NPER = 30 years × 12 months = 360 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the answer is $1,282.80

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If the workers had been paying other people to perform the household activities prior to unemployment, then total production will fall.

Explanation:

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3 years ago
Assume you short sell 100 shares of IBM common stock at $125 per share. If the initial margin is 70%, what is the amount that yo
zhuklara [117]

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3 0
3 years ago
Delta Construction Corporation, a general contractor, hires Eagle Electrical Company, a subcontractor, to wire a new office buil
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3 0
3 years ago
What is the nash equilibrium for this​ game?
NeTakaya
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4 0
3 years ago
Huduko Inc. offers a number of computer services. Huduko operates with a utilization of 30 percent. The interarrival time of job
guapka [62]

Answer:

Huduko Inc.

The number of servers in this system is:

= 200.

Explanation:

a) Data and Calculations:

Utilization rate = 30%

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7 0
2 years ago
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