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
Ronch [10]
2 years ago
6

David borrows $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made month

ly. If John pays the mortgage according to the loan agreement, how much total interest will John pay
Business
1 answer:
tiny-mole [99]2 years ago
3 0

Answer:

EMI  

Loan Amount 230000

Interest rate per period 0.00375

Number of periods 300

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,  

EMI= Equal Monthly Payment

P= Loan Amount  

R= Interest rate per period

N= Number of periods    

= [ $230000x0.004 x (1+0.004)^300]/[(1+0.004)^300 -1]

= [ $862.5( 1.004 )^300] / [(1.004 )^300 -1

=$1278.4147  

Total payment = $1278.4147*300

=$383524.41  

Interest payment = total payment - laon amount

                             =$383524.41-230000  

Interest payment  =$1,53,524.41

Explanation:

You might be interested in
LSM subcontracted with Henry Isaacs Home Remodeling and Repair (Isaacs) to perform the roofing work on the project. Isaacs in tu
ycow [4]

Answer:

1. true

2. true

3. false

4. true

5. false

6 0
3 years ago
a manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downt
levacccp [35]

Because the general economy takes a downturn, the company is likely to offer rebates and incentives for customers who purchase washing machines.

<h3>What are the rebates and incentives?</h3>

In marketing, these are techniques of marketing promotion that are used to entice, induce prospective customers.

Therefore, as the firm has expanded its capacity where the the general economy takes a downturn, it is likely to offer rebates and incentives for customers who purchase washing machines.

Read more about marketing promotion

brainly.com/question/14772910

#SPJ1

3 0
2 years ago
Lana Reid is an accounting clerk at Tenity Enterprises who is paid $18.15 per hour. During a week’s pay period, she worked 39 ho
butalik [34]

Answer:

$720.25

Explanation:

Given data:

Lana salary per hour = $18.15

total hour of work by her is 39 hr 41  minutes

we know from hundredth hour pay method

hundredth hr for 41 mints is = \frac{(41}{60}) \times  100 = 68.33

so we have  39 hrs 41 minutes that can be written as = 39.6833

So, salary for 39.6833 is = $18.15 \times 39.6833 = $720.25

4 0
3 years ago
What happens when the price of a good increases
swat32

Answer:

the value of good increases (goes up)

3 0
3 years ago
You explain the concept of smarketing meetings to your leadership team, and one person asks, "How often do we need to have these
Black_prince [1.1K]
<h2>Depending on the need would be the apt answer for this type of question.</h2>

Explanation:

Employees normally consider meeting as waste of time, or they might sell products instead of attending meeting. We must re-insist the purpose of meeting.

Meeting,

  • can make employer understand employee better and vice-versa
  • is to communicate latest update, expectation
  • is to track current events and to hand-hold wherever necessary
  • is to review the road map to reach the organizational goals
  • is to appreciate the best work so that it would be a motivational factor for everyone
  • meant to trigger the work more efficiently

The meeting are organized to support both organization and employees to be on track and it is scheduled only as per need. So it is not often and whenever it is essential.

5 0
3 years ago
Other questions:
  • Using the information below, calculate gross profit for the period:    Beginning Raw Materials Inventory$25,000 Ending Raw Mater
    12·1 answer
  • The net present value: Multiple Choice decreases as the required rate of return increases. is equal to the initial investment wh
    12·1 answer
  • Enrico is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amo
    10·1 answer
  • Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?​
    8·1 answer
  • Pharoah, Inc., paid a dividend of $4.25 last year. The company's management does not expect to increase its dividend in the fore
    10·1 answer
  • To help you reach a $5,000 goal in five years from now, your father offers to give you $500 now. You plan to get a part-time job
    10·1 answer
  • 1. A company acquires all of the assets and liabilities of another company. Which statement is false? A. The acquired company no
    14·1 answer
  • The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The fini
    9·1 answer
  • Round Barn stock has a required return of 11.00% and is expected to pay a dividend of $2.35 next year. Investors expect a growth
    12·1 answer
  • Assume the economy is operating at less than full employment. An expansionary monetary policy will cause interest rates to _____
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!