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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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The organizations likely to benefit the most from the global reach of e-commerce are those that:.
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The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.

<h3>What is e-commerce?</h3>

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4 0
2 years ago
Jose started renting a house to Bill for $600 per month beginning February 1, 2019. Bill paid $1,200 on January 15, 2019, which
rusak2 [61]

Answer: $6,600

Explanation:

Income, although not typically in a taxpayer’s possession, is usually constructively received in the taxable year which is when it is credited to the person's account, or made available so that the person may draw upon it at any time, or could have drawn upon it in the taxable year when the notice of intention to withdraw has already been given.

However, income is not constructively received when the taxpayer’s control of receipt is subject to limitations or restrictions. In this case, the last month’s rent ($600 security deposit) has already been constructively received and is included; but, the rent that was received in January for the December rent has not been constructively received and is therefore not included for a total of $6,600 which was derived from the [$600 deposit which was last month rent + ($600 × 10 months Feb-Nov)].

= $600 + $6000

= $6600

3 0
2 years ago
During 2018, LeBron Corporation accepts the following notes receivable. a. On April 1, LeBron provides services to a customer on
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Answer:

Explanation:

The journal entries are shown below:

a. Short term notes receivable A/c Dr $5,300

              To Service revenue A/c                        $5,300

(Being the service is provided based on the notes receivable)

b.  Short term notes receivable A/c Dr $9,300

              To Cash A/c                        $9,300

(Being cash is paid)

c.  Short term notes receivable A/c Dr $4,300

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(Being 3-month note receivable is accepted which is signed by the customer)

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