Answer:
$2,639.91
Explanation:
In this case, you expect to make 240 monthly withdrawals. Calculating this is similar to calculating the payments for paying a credit.
- principal = $400,000
- interest rate = 0.05/12 = 0.004167
- n = 240
payment = principal x rate x [(1 + r)ⁿ] / [(1 + r)ⁿ - 1]
payment = $400,000 x 0.004167 x [(1 + 0.004167)²⁴⁰] / [(1 + 0.004167)²⁴⁰ - 1] = $400,000 x 0.004167 x (2.712864 / 1.712864) = $2,639.91
Answer:
answer is Cannot be determined
Explanation:
given data
household income = $50,000
increases = 10% per year
time = 2 year
solution
as we know that here mean is increase by 10 percentage
but from the mean percentage increase in does not meaning that it will increase median also with same percentage
because median also increase by some percentage if data is move up
but we can not say it will move with same percentage
so here answer is Cannot be determined from given data
Answer:
If Mike was a real estate broker that wants to work independently, he can, but real estate agents cannot work independently, they must work for a real estate broker.
Since Mike works along with other sales associates and broker associates in a company, the company must be registered. All real estate companies must be registered in every single state that they do business in.
Answer: = $2,731.14
Explanation:
First find the annual payment.
The payment will be constant so is an annuity.
Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity
4,000 = Payment * PVIFA( 3 periods, 5%)
4,000 = Payment * 2.7232
Payment = 4,000 / 2.7232
Payment = $1,468.86
This annual Payment is divided into an interest component and a component going towards principal repayment.
Interest component = 5% * 4,000
= $200
Amount going to principal = 1,468.86 - 200
= $1,268.86
Amount of Principal Outstanding = 4,000 - 1,268.86
= $2,731.14
The answer is <span>when second republic bank lends out all of its new excess reserves to hubert</span>
