Since you are paying 20% up front, you are paying $45000 up front (.20*225000) which means you are borrowing
225000-45000 = $180,000.
Hopefully, you've learned the formula for figuring out the payment for an amortization problem. It is as follows:
A=P [(1+R/n)nt *R/n] / [(1+R/n)nt -1] A is the amount for each payment, P is the principal, r is the rate, n is the number of payments per year and t is the time in years
So A = 180000 [(1+.065/12)12*30 * .065/12] / [(1+.065/12)360 -1]
A = 180000 [ .037872239/5.991797982]
A = 1137.72
So you will have 360 payments of 1137.72. So over the 30 years, you will pay 360 * 1137.72 = $409,579.20 and you only borrowed 180,000, which means when you subtract them, you'll have 229,579.20 in interest.
Hope this helped.
Answer:
a.$900
Explanation:
The required reserve is the amount of reserve required by the Central bank for banks to keep as reserves.
If the reserve ratio is 10% and $1000 is deposited, the required reserve is $100.
$1000 - $100 = $900 would be available to banks to give out as loans. Thus , money supply increases by $900.
I hope my answer helps you.
I think is 475848 because I just timed by 48 so I got 475848
Answer:
The inspection point is the stage of the production cycle where products are checked to determine whether they are acceptable or unacceptable units
Explanation:
