Answer:
20 years mortgage:
maximum loan $ 209, 371.16
interest paid $ 150,628.84
30 years mortage
maximum loan $ 250,187.4216
interest paid $ 289,812.58
Explanation:
20 years mortgage:
C 1,500.00
time 240 (20 years x 12 months)
rate 0.005 ( 6% annual / 12 months per year)
PV $209,371.1575
Quota x number of cuotas - principal = total interest
1,500 x 240 - 209,371.16 = 150628.84
30 years mortgage
C 1,500.00
time 360
rate 0.005
PV $250,187.4216
Quota x number of cuotas - principal = total interest
1,500 x 360 - 250,187.42 = 289,812.58
Answer:
i just took this quiz its B
Explanation:
Answer: False
Explanation:
The revenue account for a Retail Merchandising Business is also known as the Sales Account.
When goods are sold they are credited to the Sales Account and it is no different here.
Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.
Answer:
The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.
Explanation:
This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.
The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.
So, the appropriate journals to record this transaction is as provided above.
Answer:
Risk Breakdown Structure
Explanation:
According to my research on the different techniques or structures used within organizations, I can say that based on the information provided within the question the term being used is called Risk Breakdown Structure. This structure is a pyramid structure which organizes different project risks and arranges them by category.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
