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MArishka [77]
3 years ago
7

​the majority of each monthly payment at the beginning of the loan goes to pay the:

Business
1 answer:
Ratling [72]3 years ago
8 0
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Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spe
makkiz [27]

Answer:B.40.9%

Explanation:

If $675 spend on mortgage and his monthly income is $1650

So the percentage will be:

$675 / $1650 × 100

= 0.409 ×100

= 40.9%

6 0
3 years ago
Adam was unable to finish high school because he needed to go to work to help his family financially. what type of influence doe
juin [17]

Adam was unable to finish high school because he needed to go to work to help his family financially. This forms a Non-formative type of influence

This is further explained below.

<h3>What is a Non-formative type of influence?</h3>

Generally, The term "nonnormative effects" refers to those that do not affect each member of a set in the same manner. Nonnormative suggests it does not affect everyone in the same way in the culture, while normative suggests it does (or not at all).

In conclusion,  Adam dropped out of school before he could graduate from high school because he had to start earning money to support his family. This is an example of a non-formative impact.

Read more about the Non-formative type of influence

brainly.com/question/6912636

#SPJ1

4 0
1 year ago
Mr. James purchased a vacation house in Los Angeles on July 1, 2017. The purchase price was $1,000,000, and Mr. James spent $10,
dedylja [7]

Answer:

= $210,000

Explanation:

The question is to determine the income realized by Mr. James in 2019

The income is calculated as follows:

First, the basic information for calculation:

The Purchase price for the vacation house = $1,000,000

Spent Capital additions = $10,000

2019 worth of the house = $1,200,000

Secondly, based on the extracted figures, the income is calculated  as follows

Income realised in 2019 = 2019 worth of the house - (Purchase Price - capital addition)

= $1,200,000 - ($1,000,000 - $10,000)

= $1,200,000 - $990,000

= $210,000

4 0
3 years ago
On April 10, Caryâs Carpet Cleaning, Inc. borrows $15,000 from a bank, depositing those funds in its bank account and signing a
Gnom [1K]

Answer:

Cash A/c Dr $15,000

  To Notes payable A/c $15,000

(Being the bank borrowing through a note payable is recorded)

Explanation:

The journal entry is shown below:

Cash A/c Dr $15,000

  To Notes payable A/c $15,000

(Being the bank borrowing through a note payable is recorded)

This transaction increases the cash balance so the cash account should be debited and the note payable account should be credited as it creates a liability which is to be reflected in the balance sheet

6 0
3 years ago
Based on information in the Washington Post article "The retirement costs that are rising faster than Social Security benefits",
gogolik [260]

Answer:

According to the Washington post article, prices of healthcare cost, utilities and housing has increased faster than social security benefits.

According to it, social security grew 43% between 2005 and 2015. But, monthly housing cost rose by 44% while renting cost increased 56%. Further, price of heating oil increased 159% and price of electricity by 63%. Lastly, cost of landline phone service increased by 52%.

So the answer is electricity, heating oil, and rent.

4 0
3 years ago
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