The monthly mortgage payment including principal and interest is $1,936.25
Explanation:
PV = (1 - 0.20) × $325,000 = $260,000
r = 0.041 / 12
t = 15 * 12 = 180
![C = \frac{PV}{\frac{1- [\frac{1}{(1+r)^{t} } ] }{r}}](https://tex.z-dn.net/?f=C%20%3D%20%5Cfrac%7BPV%7D%7B%5Cfrac%7B1-%20%5B%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7Bt%7D%20%7D%20%5D%20%7D%7Br%7D%7D)
C = $260,000 ÷ [1 - {1 / (1 + 0.041 / 12)∧180} / (0.041 / 12)]
C = $1,936.25
The monthly mortgage payment including principal and interest is $1,936.25
The appropriate reflection of the cash transactions between these reporting entities is as follows:
John Hamilton Sauce-it-up Stone Creek Bank
Cash +$500,000 $450,000 -$500,000
-$450,000
Balance $50,000 $450,000 -$500,000
<h3>What is a reporting entity?</h3>
A reporting entity is an economic unit that publishes general purpose financial reports to enable users make and evaluate their decisions about the allocation of scarce resources.
Thus, John Hamilton's cash holding increased by $50,000 net. The cash holding of Sauce-It-Up increased by $450,000 while the cash holding of Stone Creek Bank decreased by $500,000.
Learn more about cash flows of reporting entities at brainly.com/question/24179665
Answer: A. stay outta debt
Answer:
1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.
2. General Mills - 29.85% market share - signature products: Cheerios, Nature Valley, Lucky Charms.
3. Post Holdings - 18.92% market share - Honey Bunches, Fruity Pebbles.
4. Private Label - 7.48% market share - Muesli, Choco-Shells
