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stellarik [79]
3 years ago
13

You need a 20-year, fixed-rate mortgage to buy a new home for $190,000. Your mortgage bank will lend you the money at a 8.1 perc

ent APR for this 240-month loan. However, you can afford monthly payments of only $950, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $950
Business
1 answer:
motikmotik3 years ago
8 0

Answer:

$388,301, the loan's principal balance increases because the monthly payment doesn't even cover interest expense

Explanation:

In order for you to pay the debt completely in 20 years, you would need to pay $1,601.08 per month. But since you can only afford to pay $950 per month, the remaining balance will be $388,301.

I prepared an amortization schedule in an excel spreadsheet

Download pdf
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Unlike tangible goods,virtually all services are susceptible to inconsistency and variations in quality.Why is this so?A) Becaus
expeople1 [14]

Answer:

A) Because services depend on people for their delivery.

Explanation:

Given that the same or similar type of services are or can be carried out by various personnel, and the level of quality of the rendered services is dependent on the skills and professionalism of the person who rendered such services.

Hence, Unlike tangible goods, virtually all services are susceptible to inconsistency and variations in quality, because services depend on people for their delivery.

Therefore, the right answer is Option A. the

8 0
3 years ago
The marginal benefit Bob gets from purchasing a third pair of gloves is Select one:_____.
babymother [125]

Answer:

d. the total benefit he gets from purchasing four pairs of gloves minus the total benefit he gets from purchasing three pairs of gloves.

Explanation:

Marginal benefits refer to the additional gains obtained by the sales, purchase, or manufacture of an extra unit. It the advantage associated with buying or selling one more unit. Marginal benefit is compared with the marginal cost to determine if continuous production is profitable.

Since marginal benefits are associated with an extra item, obtaining the value of the additional items must exclude the previous units. In this case, getting the marginal benefit of the fourth item can be calculated by adding up the gains of all the four gloves then subtracting the gains of the first three.

6 0
3 years ago
The type of engine that contains 2 camshafts mounted in its cylinder head is called a/an A. overhead camshaft engine. B. push ro
vampirchik [111]
C.


Hope this help! :3
6 0
2 years ago
Read 2 more answers
What is the total stockholders' equity based on the following data?
irakobra [83]

Answer:

you may do like it

put your numbers instead of these. :)

Explanation:

Total Stockholders' equity is common stock plus excess of issue price over par plus retained earnings

($900,000 + $375,000 + $50,000 = $1,325,000)

5 0
2 years ago
Marianne's Chocolates sell well in the U.S. at a price of $24 per pound, and she has overproduced one kind of chocolate bar. Mar
sammy [17]

Answer: Variable cost pricing

Explanation:

Marianne wants to sell in Mexico by setting the selling price in such a way that she adds the total variable cost to the markup. This way she would meet her cost and gain some level of profit.

8 0
2 years ago
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