Answer:
Here the answer is given as follows,
A share stock is a small piece of ownership in a company Ture or false
2 answers:
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Answer:
$434,780.69
Explanation:
The computation of the large the ballon payment would be is determined by using the future value formula i.e. to be shown in the attachment
Provided that
Present value = $295,000
Rate of interest = 5.9% ÷ 12 months = 0.49166%
NPER = 35 years × 12 months = 420 months
PMT = $1,350
The formula is shown below:
= -FV(Rate;NPER;PMT;-PV;type)
So, after applying the above formula, the future value is $434,780.69
Answer:
$1,103.56
Explanation:
In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:
Provided that
NPER = (82 - 66) × 12 = 192
Present value = $136,000
Future value = $0
Rate of interest = 6% ÷ 12 months = 0.5%
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $1,103.56
