Answer:
- Monthly Payment for Choice 1=$665.16
- Monthly Payment for Choice 2=$627.10
- Total Closing Cost for Choice 1=$241557.60
- Total Closing Cost for Choice 2=$233456
- (A)Choice 1 be the better choice the monthly payment is higher.
- (D)Choice 2 be the better choice because the monthly payment is lower.
Explanation:
Amount of Loan needed = $140,000
- A point is an optional fee which helps you get a lower interest rate on your loan.
- Closing costs are the fees you pay when obtaining your loan.
<u>Choice 1</u>
30-year fixed rate at 4% with closing costs of $2100 and no points.
Monthly Payment
P=$140,000
Monthly Rate=4% ÷ 12=0.04 ÷ 12=0.0033
n=12 X 30 =360
Monthly Payment=$665.16
Total Closing Cost =(665.16 X 360)+2100=$241557.60
<u>Choice 2</u>
30-year fixed rate at 3.5% with closing costs of $2100 and 4 points.
Monthly Payment
P=$140,000
Monthly Rate=3.5% ÷ 12=0.035 ÷ 12=0.0029
n=12 X 30 =360
Monthly Payment=$627.10
Total Closing Cost =(627.10 X 360)+2100+(4% of 140000)=$233456
Answer:
Likely, I would approach the associate to review the problem. I would probably start by demonstrating how I'd like the shelves to be stocked. Then ask if the associate has any further questions. Sometimes things get lost in translation, and the best way to clear up a situation is to demonstrate how it should be done.
Explanation:
Answer:
The rate paid for the use of credit
Explanation:
When making a credit card payment, you must pay the bank the amount that you spent during the month, plus an interest rate, which will vary depending on how much you spend with the credit card, and the interest rate could vary based on your credit score, or dependability on paying your loans.
Hope this helps!
Answer:
$65,000
Explanation:
The computation of the net income is shown below:
As we know that
Ending balance of capital account = Beginning balance of capital account + net income - the withdrawn amount + additional amount invested
where,
Ending balance of capital account equal to
= Ending balance of total assets - ending balance of total liabilities
= $995,000 - $270,000
= $725,000
And, the opening balance of capital account equal to
= Opening balance of total assets - opening balance of total liabilities
= $940,000 - $300,000
= $640,000
So, the net income is
$725,000 = $640,000 + net income - $45,000 + $65,000
So, the net income equal to $65,000
Answer: Consumer behavior
Explanation: Consumer behavior is a set of value-seeking activities that the researcher examines how feelings, behaviors, and thoughts influence purchasing behavior. It involves all the activities connected to the purchasing, usage, and resale of commodities and services including the emotional, mental and other reactions that come before or after all that was accomplished.
The researcher studies the impacts on the buyers which might be from either their colleagues and household or any group in the society.