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pashok25 [27]
2 years ago
13

Upon graduating from UCI, you start a job in finance earning $72,000 per year and decide to buy a home. You can afford to pay no

more than $1,000 per month for the fixed monthly payments on a 30-year fixed-rate home loan (mortgage) and the current conventional 30-year fixed mortgage annual interest rate that you qualify to borrow at is 4%.What is the maximum size home loan you can afford? Please round your numerical answer to the nearest dollar.
Business
1 answer:
madreJ [45]2 years ago
4 0

Answer:

$209,461  

Explanation:

The maximum size home loan the employee can afford is computed using the pv formula in excel as below:

=-pv(rate,nper,pmt,fv)

rate is the annual interest rate of 4% divided by 12 months

nper is the number of months the payment of $1000 would be paid i.e 30*12=360

pmt is the monthly payment which is $1000

fv is the future worth of total repayments which is unknown

=-pv(4%/12,360,1000,0)=$209,461  

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Answer:illegal

Explanation:

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3 years ago
Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
VikaD [51]

Answer:

$281,612

Explanation:

Plane Operating Cost = Fixed cost + (Variable cost per unit1 × q1) + (Variable cost per unit 2 × q2)

Plane Operating Cost = $40,190 + ($2709*88) + ($10 * 303)

Plane Operating Cost = $40,190 + $238,392 + $3,030

Plane Operating Cost = $281,612

So, the plane operating costs in the planning budget for August would be $281,612

6 0
2 years ago
Gonzales Corporation generated free cash flow of $86 million this year. For the next two years, the company's free cash flow is
Viktor [21]

Answer:

$12.49

Explanation:

The computation of the expected current price is shown below:

But before that first we have to determine the current firm value which is

Current firm value = ($86 million ×1.10^1) ÷ 1.11^1 + ($86 million × 1.10^2) ÷ 1.11^2 + {($86 million × 1.10^2 × 1.04) ÷ (0.11 - 0.04)} ÷ 1.11^2

= $1,424.48 million

Now

Expected current share price is

= ($1,424.48 - $275 million + $100 million) ÷ 100 million shares outstanding

= $12.49

7 0
3 years ago
What are things to consider before opening a business?
artcher [175]
You should consider whether you want it to be a private or public company. A private company means that should the business fall-out, you and your business partners are responsible for the cost of the lawsuit and you will have to pay out of pocket. If your business is public, meaning that people can buy shares of your stock, then you would only have to pay up to the value of the amount of stock that you own. Hope that helps!
7 0
3 years ago
You start work at 7:30 am and take a half an hour unpaid lunch at 11:30 AM and then start work at 5:30 PM. How much hours will y
scoray [572]

The number of hours worked for which I will the receive the payment is 7 hours.

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<u>Explanation:</u>

Considering the working hour is from 7:30 am to 8:30 pm

Initial work hours = 7:30 to 11:30am

number of hours = 4

If I start working at 5:30 pm and work till 8:30 pm then the number of hours would be 3

Thus,

total number of hours worked = 4 + 3

                                                  = 7

Therefore, number of hours worked for which I will the receive the payment is 7 hours.

6 0
2 years ago
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