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Andrej [43]
3 years ago
12

Naomi has a home loan amount of $120,000. Her monthly principal and interest payment is $679.00 for thirty years. How much inter

est will Naomi pay over the term of her loan?
Business
1 answer:
Viktor [21]3 years ago
8 0

Answer:

$124,440

Explanation:

Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back

$679 * 30 year * 12 months in a year

= $244,440

With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount

= $244,440 - $120000

= $124,440.

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Demand decreases

Explanation:

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If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.

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3 years ago
If you could help me
MAVERICK [17]

When you are trying to reduce debt it is easier to cut out things that aren't necessary.

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4 years ago
Read 2 more answers
Transfer Payments are included while calculating
Nutka1998 [239]
It is C personal income!
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3 years ago
Universal Containers wants customers to have the ability to log cases with structured data and route based on Urgency and Produc
Feliz [49]

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The correct answer is letter "A": Standard Email-to-Case with assignment rules.

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Financial Statements and Ratios-Bike-With-Us Corporation, a specialty bicycle parts replacement venture, was started last year b
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Answer:

B.

Current Ratio 3.86

Quick Ratio 1.48

NWC to total assets ratio 0.458

C. Debt to asset 0.452

Debt to equity 1.18

Interest Coverage 6 times

D. Net profit margin 5.8%

sales to total asset 2.48 times

return on assets 14.5%

E. Equity multiplier 2.18 times

Explanation:

<u>A.</u>

<u>Income Statement :</u>

Sales $325,000

Operating costs $285,000

Gross profit $40,000

Less Expense :

depreciation $10,000

Earning before Interest and Tax $30,000

Interest Expense $5,000

Earning after Tax $25,000

Tax expense $6,000

Net Income $19,000

<u>Balance Sheet:</u>

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Cash $1,000

Receivables $30,000

Inventories $50,000

Current Assets $81,000

Fixed Assets $50,000

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Liabilities:

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3 0
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