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svlad2 [7]
3 years ago
5

When Gustavo and Serrana bought their home, they had a 5.9% loan with monthly payments of $870.60 for 30 years. After making 78

monthly payments, they plan to refinance for an amount that includes an additional $35,000 to remodel their kitchen. They can refinance at 4.8% compounded monthly for 25 years with refinancing costs of $625 included with the amount refinanced.
(a) Find the amount refinanced. (Round your answer to the nearest cent.)
(b) Find their new monthly payment. (Round your answer to the nearest cent.) $
(c) How long will it take to pay off this new loan if they pay $1200 each month? (Round your answer up to the next whole number.)
Business
1 answer:
JulijaS [17]3 years ago
3 0

Answer:

b

Explanation:

The formula used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of r is P = L [r(1 +r)n]/[(1 + r)n- 1]

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Compensation may be offered at the individual, group, and organizational level, depending on what type of performance is to be r
Kamila [148]

Answer:

true

Explanation:

Compensation can be direct or indirect

Some of the components of compensation includes :

  • Base pay
  • commissions
  • stock options
  • Bonuses
  • health insurance

Direct compensation are usually offered to individuals

Base pay is usually offered to the individual based on certain parameters .

Same with commissions

But there are some compensations that are offered to groups. For example if members of a department achieve a certain benchmark, they  can be rewarded with stock options

Also, indirect compensations such as health insurance and pension are usually compensation offered at the organisational level or group level

8 0
3 years ago
Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad
hoa [83]

Answer:

$3,700

Explanation:

Given that

Adjusted gross income for the year 2019 = $415,300

Children ages = 4, 7, and 18 as dependents

Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is

= (Maximum amount per qualifying child + non-refundable tax credit) - (deductible amount × age)

= ($2,000 × 2 + $500) - ($50 × 16)

= $4,500 - $800

= $3,700

After $400,000 the $50 is decreased for each and every $1,000

5 0
3 years ago
Which of the following options is NOT a unique feature of​ e-commerce technology? A. The consumer is a participant in the proces
Blababa [14]

Answer:

<u>A. The consumer is a participant in the process of delivering products or services.</u>

Explanation:

  • As a  known fact the consumer is a part of the entire process and all of the e-commerce is surviving of the large consumer base and hence the delivery of the product to the home of the consumer is it a new or unique aspect of e-commerce.
  • Without the participation of the consumer, e-commerce has no competition in the marketplace while the rest are unique or global characteristics of the e-commerce industry.
3 0
3 years ago
Changing the basic motivational function is a-
tresset_1 [31]
I believe that the correct answer is A.) Strategy of attitude change.

My reason being was because It says motivational function , motivation is a mental thing and so is your attitude.

I really hope that this helps you out a lot.  
6 0
3 years ago
Read 2 more answers
The price of a stock fluctuates between $43 and $60. If the time frame referenced encompasses the primary trend, the $43 price m
Volgvan

Answer: support level

Explanation:

The support level and the resistance levels are used by analysts for the identification of price points on a chart where a pause or reversal of the prevailing trend is being favored by the probability.

The support level occurs in a scenario whereby there'll a pause of a downtrend because of the concentration of demand. Therefore, in this case, the $43 price may be considered the support level.

7 0
3 years ago
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