1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luba_88 [7]
3 years ago
11

50 points!!

Business
1 answer:
Ivahew [28]3 years ago
6 0

Answer:

$853.57

Explanation:

Using financial calculator, we have the following inputs:

n = 360 (months) (30x12 = 360months. Because payment is made on monthly basis)

I/Y = 0.46% / month (5.5% /12)

PV = $150,000 (The amount we need to borrrow)

FV = 0 (the value of the mortgage is nil in 30 years)

PMT = ? (This is the missing value we need to find - The monthly payment for the mortgage)

--> PMT = $853.57

You might be interested in
Tim babysits for three hours on the weekend. His current babysitting job pays him $7 an hour. He has a new babysitting job offer
weqwewe [10]
Before going to the cost and benefits, lets take a look first at the total of what Tim makes for the two jobs. In the first job, he is paid $7 per hour for 3 hours so that is $21 total for the first job. The second job offer is $10 per hour for two hours so that is $20 for the entire second job offer. If he is going to take the first job, he will have $1 more than the second job, however, he has to work an extra hour. However, if he takes the second job, he receives $1 less but has one hour more for himself. So if he were to take the second job, it will be more beneficial to him because he can get almost the same amount but doesn't need to work as hard
5 0
3 years ago
Read 2 more answers
The parents of two children are killed in an automobile accident. They have a living trust. Why do you think this will benefit t
Elden [556K]

Answer:

well this is a devastating question. The children will be able to benefit financially from the money that the parents saved up for the children.

6 0
4 years ago
Which of the following statements is correct? Revenue is recognized at the time of shipment when goods are shipped FOB destinati
allochka39001 [22]

Answer:

The correct answer to the following question will be Option C.

Explanation:

  • The buyers, as well as sellers, must negotiate an understanding as to who is capable of paying certain transport costs and also who, whenever the item is delivered, assumes the default risk throughout transportation.
  • A seller reports compensation whenever the purchaser has the transition of titles as well as ownership uncertainties.

The other three options are not related to a certain scenario. So that option C is the right answer.

7 0
3 years ago
An expense resulting from failing to take advantage of cash discounts when using the net method of recording purchases is called
Genrish500 [490]
Answer: Discounts Lost
8 0
4 years ago
Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters
telo118 [61]

Answer:

When any company wants to sale their product without prior knowledge of the market then it's a disaster.

First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.

6 0
3 years ago
Other questions:
  • Which type of business organization is owned by only one​ owner?
    14·1 answer
  • Day care for children is a competitive industry in​ long-run equilibrium at a price of​ $60 per day. In an effort to make day ca
    6·1 answer
  • On January 2, 2018, Jensen Corporation sells equipment it manufactured to Lewisburg Fabricators in exchange for an $80,000 note
    15·1 answer
  • Property taxes are based on
    6·2 answers
  • An oil pump that is capable of delivering a larger amount of oil than a stock oil pump is called a:
    10·1 answer
  • An increase in demand means that quantity demanded is higher at each price level. True or false
    15·1 answer
  • Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $541,5
    5·1 answer
  • Why does Dr.king call death life’s final “common denominator”?
    11·1 answer
  • Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for
    5·1 answer
  • Define capital economics.​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!