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torisob [31]
3 years ago
9

Lloyd and Jean are considering purchasing a home requiring a $75,000 mortgage. The payment on a 30-year mortgage for this amount

is $498.97. The payment for a 15-year maturity is $674.12. What is the difference in the total interest paid between the two different maturities
Business
1 answer:
alexgriva [62]3 years ago
5 0

Answer:

Explanation:

amount of mortgage = $75,000

monthly installment for the 30 years = $498.97.

difference = total payment - the amount of mortgage = ( 30 × 12 ×$498.97) -  $75,000  = $ 104629.2

for the second,

( 15 × 12 × $674.12) - $ 75 000 = $ 46341.6

the difference in the total interest paid between the two different maturities = $ 104629.2  - $ 46341.6  = $ 58287.6

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sukhopar [10]

Answer:

B. Human Resource

Explanation:

The functions and responsibilities of a factory worker differ depending on the workplace. A factory Worker may operate machinery and tools, work on a  production line, clean and repair equipment, or work as required.

Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.

5 0
3 years ago
What is meant by the word business
olchik [2.2K]

Answer:

Business is a commercial activity or a persons regular occupation , profession or trade.

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3 years ago
Schonhardt Corporation's relevant range of activity is 2,500 units to 5,500 units. When it produces and sells 4,000 units, its a
Vladimir [108]

Answer:

c $11,600

Explanation:

At 4,000 units the unit cost for the fixed manufacturing overhead is 2.90 dollars

We multiply it by 4,000 to know the total amount

$2.90 x 4,000 units = $ 11,600

These will be fixed cost thus, will not change when we produce between the relevant rage of 2,500 to 5,500 units

5 0
4 years ago
When we want to measure wage inflation in the labor market, we use the: Consumer Price Index Product Price Index Employment Cost
dusya [7]

Based on economic indices, when we want to measure wage inflation in the labor market, we use the "<u>Consumer Price Index."</u>

The consumer price index, often referred to as CPI, is conducted by the <u>Bureau of Labor Statistics. </u>

CPI is carefully made to measure the price changes encountered by urban consumers.

It is believed that the urban dwellers formed about 93 percent of the United States population.

Consumer Price Index is used to measure the relationship between wage and inflation.

Hence, in this case, it is concluded that the correct answer is "Consumer Price Index."

Learn more here: brainly.com/question/8416975

5 0
3 years ago
Read 2 more answers
Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The stan
slamgirl [31]

Answer:

Standard activity level= 100,000 units

Explanation:

Giving the following information:

Croissant Company's standard fixed overhead cost is $6 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hour per unit.

Standard activity level= 600,000/6= 100,000 units

3 0
4 years ago
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