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Harlamova29_29 [7]
3 years ago
8

Maintaining good contact in a relationship is also known as the _______ of a relationship.

Business
1 answer:
WITCHER [35]3 years ago
3 0
Beginning of a rellationship
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To buy your first home, you take out a 15 year (fully amortizing) mortgage for $400,000 which requires equal yearly payments. Th
ipn [44]

Answer:

The principal paid off in year two $21,318.27  

Explanation:

The arrangement for equal amount payable yearly to pay off the entire loan obligation (principal plus interest) is an annuity for 15years at 3.6%.

An annuity is a series of equal payment payable annually for certain  number of years where interest is charged at a particular rate.

We can work out the annual equal installment using the Present Value (PV) annuity formula below:

PV = A ×( (1- (1+r)^(-n))/r)

<em>So we can apply this formula to the question</em>

 PV - 400,000, r =3.6%= 0.036, n -15, A is equal instalment, not given.

400,000 = A ×( 1- (1.036)^(-15))/0.036

400,000 = A × 11.4359

A= 400,000/11.4359

A =34,977.47

Equal annual installment =$34,977.47

Now with the help of an amortization table we ascertain the amount of principal paid off in year 2:

Amortization Schedule

Bal @ beginning Interest    Installment Principal Paid Principal bal.

A                      B  = A *3.6% C            D= C - B      E =A-D

400,000.00   14,400.00   34,977.48   20,577.48   379,422.52

379,422.52   13,659.21   34,977.48   21,318.27  

The amortization table is a schedule showing how the loan would be paid over the loan period.

Note that the columns are labelled as A, B, C, D and E starting from the left hand-side respectively

The principal paid off in year two is $21,318.27 which is the bolded figure in  column D,

6 0
3 years ago
Performance reports with more than one cost driver typically have more accurate variances than those based on one cost driver.
Elena L [17]

Answer:

true

Explanation:

I got it right lol

6 0
2 years ago
Fixed costs can be defined as costs that A. vary inversely with production. B. vary in proportion with production. C. are incurr
goldfiish [28.3K]

Answer:

D. are incurred even if nothing is produced.

Explanation:

There are primarily two types of costs, i.e. the variable cost and the fixed cost. The variable cost is the cost that varies when the level of production changes, while the fixed cost is the cost that remains unchanged whether the level of production changes or not

So, by the above explanation, we can conclude that the fixed cost can be incurred if there is nothing to be produced.

4 0
3 years ago
According to ronald reagan and william
forsale [732]

<span>provide revenues for the government to use for legitimate purposes.</span>

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<span> Please mark Brainliest.</span>


7 0
3 years ago
Select the correct answer. Kendra is introducing a new range of products in a display at the store where she is the manager. She
velikii [3]
<h2>(D.), organize an in-store event.</h2>
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