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Nataly [62]
3 years ago
11

Rachel Davis buys a $20,000 property. She puts down $1,000, with the balance to be repaid over 20 years at 12% interest. Her mon

thly payments are $209.38.
What is the approximate amount of interest paid on the loan at its maturity?
Business
1 answer:
jonny [76]3 years ago
4 0

Answer:

approximate amount of interest paid $31,500

Explanation:

given data

buys property = $20,000

puts down =  $1,000

interest = 12 %

time = 20 year = 20 × 12 = 240 months

monthly payments = $209.38

solution

we get here total payment will be = $209.38 × 240 monthly

total payment = $50,251.20

so amount of interest paid on loan at maturity will be as

amount of interest paid = total payment  - buys property - puts down

amount of interest paid = $50,251.20 - $20,000 - $1,000

amount of interest paid = $31,251.20

so approximate amount of interest paid $31,500

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lidiya [134]

Answer:

$45,000

Explanation:

Given the above information, the account balance on February 1 is computed below;

Balance of account payable Feb 28 + Cash paid to creditors in February - Purchases on account

= $59,900 + $186,500 - $201,400

= $45,000

Therefore, the account balance on February 1 is $45,000

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3 years ago
What does cc and bcc mean in business studies​
WARRIOR [948]

Answer:

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Explanation:

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Nikitich [7]
At least $2 per bag as most airlines don't pay.
3 0
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Which of the following falls in the category, "place" in the marketing mix?
inna [77]

Answer: trade shows

Explanation:

In marketing mix, the place is simply referred to as the process of movement if goods and services from the producer to the prospective consumers or consumers.

The place also refers to how ones good or service is bought and the place where it is being sold. The movement could be through intermediaries like distributors, the wholesalers, retailers etc.

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Dealing with the fact that certain aspects of any management situation are more important than others is called
luda_lava [24]

Answer:

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Management is a profession and as such skill set to recognizing when some aspects of management becomes important than others and when some goals need to be given more attention to achieving the overall organizational goals can describe as Recognition of priorities.

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