Answer:
Explanation:
You are able to deduct expenses that are directly related to the business travel.
He can deduct the entire 175 for driving, since he would need to do that no matter if he stayed longer or not. Staying longer doesn't add any extra cost.
He can deduct lodging that covers the amount of time dedicated to business so of the 600 he can deduct 1/4 or $150 since only 1 of the 4 days was business related.
And the $50 for food for the day he spent on business
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Below are the choices that can be found form other sources:
A. $8,710
B. $8,056
C. $8,640
D. $8,678
E. <span>$8,299
</span>
The amount of money will he have at the end of five years is C $8,640
Answer:
R=An*i : [1-(1+i)^-n]
R=580,000*0.0525/12 : [1-(1+0.0525/12)^-360]
R=3,202.78
Monthly payments =$ 3,202.78
Explanation:
Given
Home Cost=725,000
downpayment= 20% of 725,000
An=725,000 - 0.2 *725,000
An= 580,000
t=30 yrs
n=12 (monthly)
j=5.25% (interest rate)
--> i=j/m
i=0.0525/12
-->n=m*t
n=12*30
n=360
FInd monthly pmts ( R) =?
R=An*i : [1-(1+i)^-n]
R=580,000*0.0525/12 : [1-(1+0.0525/12)^-360]
R=3,202.78