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natita [175]
3 years ago
10

Jan sold her house on December 31 and took a $35,000 mortgage as part of the payment. The 10-year mortgage has a 8% nominal inte

rest rate, but it calls for semiannual payments beginning next June 30. Next year Jan must report on Schedule B of her IRS Form 1040 the amount of interest that was included in the two payments she received during the year.
a. What is the dollar amount of each payment Jan receives? Round your answer to the nearest cent.
b. How much interest was included in the first payment? Round your answer to the nearest cent.
c. How much repayment of principal was included? Round your answer to the nearest cent.
d. How do these values change for the second payment?

Business
1 answer:
slamgirl [31]3 years ago
7 0

Answer:

attached below

Explanation:

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1 year ago
Why is it important to research a school’s curriculum before deciding whether to go there?
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The spread between the interest rates on bonds with default risk and default-free bonds is called the risk premium.

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3 years ago
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ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

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