Answer:
$8,000
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Because I decided to attend summer school, I forgoed the opportunity of working and earning income. Therefore, my opportunity cost is the amount of income I would have earned if i chose to work instead.
I hope my answer helps you
Answer: $415,688
Explanation:
First find the future value of paying $1,200 every month for 360 months.
This is the future value of an annuity:
= Payment * ([1 + interest) ^ no. of periods - 1) / interest
Use periodic interest = 5.75%/ 12
30 years * 12 = 360
= 1,200 * ( ( 1 + 5.75%/12)³⁶⁰ - 1) / 5.75% / 12
= $1,149,357.14
Future value of the loan amount is:
= 280,000 * (1 + 5.75% / 12) ³⁶⁰
= $1,565,045.14
Ballon Payment = 1,565,045.14 - 1,149,357.14
= $415,688
If your ending balance is $159.57, you can then add in the outstanding deposits of $147.96 to get the total of $307.53. Then from that total, subtract the outstanding checks that total $223.85 which gives you the checkbook balance of $83.68.
I believe the answer is b.
It would be part of <span>controlling</span>
