What software is essential for any company doing business on the Web to constantly monitor the activity on a company's network s
1 answer:
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Answer: 25.22%
Explanation:
Given that,
Annual revenue = $134,000
Annual expenses = $76,000
Oil well cost = $449,000
Salvage value = $11,000
Annual net income = Annual revenue - Annual expenses
= $134,000 - $76,000
= $58000
Average Investment =
= $230000
Annual rate of return =
= 25.22%
Answer: Marcus can afford a loan of $167,597.76.
The mortgage factor tells us the monthly principal and interest rate payable for each $1000 of a loan.
Since we know the mortgage factor and the amount Marcus can make each month, we can determine the number of $1000 in his loan amount.
We do this by
This means that Marcus' loan will have 167.5977654 thousands.
Therefore we can find the amount of mortgage loan as