Answer:
The monthly loan interest = $350
Explanation:
<em>Loan amortization (repayment mortgage)</em>
A repayment mortage is such that a mortgage is repaid using a series of equal installments . Each installmet pays the interest accrued and a portion of the loan
<em>Interest only-mortgage</em>
On the other hand, under an interest only mortgage the borrower is required to pay only the interest due on the loan monthly , the principal can be paid in a lump sum at the end of the loan period.
The advanatage of an interest only mortgage is that it makes mortgage very accessible and affordable. However, the borrower will still be owing the principal amount of the mortgage at the end of the loan period, which might mean a cash flow pressure.
We can work out the monthly pay for an interest only mortgage as foolws:
Monthly repayment =( Loan amount× rate (%) × year)/(year × 12)
The monthly loan interest = (56,000× 7.5% × 15)/12×15
=$350
The monthly loan interest = $350
14,500 is the basic earnings per share (rounded).
A stock market is a platform where buyers and sellers come together to trade listed stocks at certain times of the day. The terms "stock market" and "stock market" are often used interchangeably. In the stock market, investors buy and sell shares of companies. It is a series of exchanges where companies issue stocks and other securities for trading.
This includes over-the-counter (OTC) markets, where investors trade securities directly with each other (rather than through an exchange). The share market is where stocks are bought and sold. Shares represent the units of ownership of the company that you purchase.
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Answer:
The correct answer is (B)
Explanation:
Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population. In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.
6000$ * 8 =48000$
An average American could buy 8 times more than the average American in 1950.
Answer:
To determine the cash collection for February, you have to consider the sales on account form previous months.
Explanation:
To determine the cash collection for February, you have to consider the sales on account form previous months.
Cash Collection February:
Sales in cash= ($X*0.2)=
Sales on account:
From January= ($X*0.8)*0.5=
From December= ($X*0.8)*0.5=
Total cash=