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laila [671]
3 years ago
11

Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest rate is 5.25% for 30 years.How much was Mr Coff

ey's down payment (in dollars)?
Business
1 answer:
s344n2d4d5 [400]3 years ago
4 0

Answer:

$39,000

Explanation:

Down payment refers to the amount that Mr. Coffey paid upfront at the time of purchasing the house. It is usually a percentage of the total cost and is paid in a lump sum.

In this case, Mr. Coffey 20 % of the cost of the house

i.e., 20% of $195,000

=20/100 x $195,000

=0.2x$195,000

=$39,000

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It is True that the more extensive an electrical wiring system is, the more cost added to the project.

<h3>What are the Types of Electrical Wiring Systems?</h3>
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In this, 0.6 m-diameter porcelain, wood, or plastic cleats are fastened to walls or ceilings at regular intervals.

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8 0
2 years ago
Kevin is an agent for Lookout Mountain Accountants, Inc. On Lookout Mountain's behalf and at its request, Kevin pays Nathan for
Arada [10]

Answer:

(d) Reimbursement

Explanation:

A  reimbursement is a repayment  for cash you've just spent. At the point when you travel for work, you get a repayment for your business related costs, similar to inn bills and boarding passes, however you'll need to pay for that outing to the bazaar yourself.

The cost repayment process enables bosses to take care of workers who have gone through their own cash for business-related costs. At the point when representatives get a cost repayment, commonly they won't be required to report such installments as wages or pay

4 0
3 years ago
On May 26, 2015, Jamal purchased machinery for $30,000 to be used in his business. He did not elect to expense the equipment und
Kruka [31]

Answer:

$1340

Explanation:

= 30,000 * 8.93% * 1/2

= 2679 * 1/2

= 1339.5

= $1340

3 0
3 years ago
Consider these long-term investment data:
Lemur [1.5K]

Answer:

{\large{\red{\mapsto{\maltese{\underline{\green{\boxed{\green{\underbrace{\overbrace{\orange{\pmb{\bf{answer:}}}}}}}}}}}}}}

N = 10

N = 10PMT = 0

N = 10PMT = 0PV = 84.49

N = 10PMT = 0PV = 84.49FV = 100

N = 10PMT = 0PV = 84.49FV = 100R = Rate(10,0,84.49,-100,0) = 0.017 = 1.7%

N = 10PMT = 0PV = 84.49FV = 100R = Rate(10,0,84.49,-100,0) = 0.017 = 1.7%b. Yield = 0.02 per quarter = 0.08 per year

N = 10PMT = 0PV = 84.49FV = 100R = Rate(10,0,84.49,-100,0) = 0.017 = 1.7%b. Yield = 0.02 per quarter = 0.08 per yearcontinuous rate = ln(1+0.08) = ln(1.08)...

7 0
3 years ago
Assume that Windsor, Inc. uses a periodic inventory system and has these account balances:
erastovalidia [21]

Answer:

Net Purchase = $365,000

Cost Of Goods purchased = $382,100

Explanation:

given data

Purchases =  $383,500

Purchase Returns and Allowances =  $12,100

Purchase Discounts = $6,400

Freight-in = $17,100

to find out

net purchases and cost of goods purchased

solution

we know that Net Purchase is express as

Net Purchase = Purchases - Purchase Discount - Purchase Return and Allowances     .........................1

put here value in equation 1 we get

Net Purchase = $383,500 - $6,400 - $12,100

Net Purchase = $365,000

and

Cost Of Goods purchased = Net Purchase + Freight         ....................2

so put here value

Cost Of Goods purchased = $365,000 + $17,100

Cost Of Goods purchased = $382,100

3 0
3 years ago
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