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Margarita [4]
3 years ago
12

Suppose you have taken out a $400,000 fully amortizing fixed-rate mortgage loan that has a term of 15 years and an interest rate

of 3.75%. In month 1 of the mortgage, how much of the monthly mortgage payment does the interest portion consist of?
Business
1 answer:
kipiarov [429]3 years ago
4 0

Answer:

$1,250

Explanation:

interest on the first payment = principal x interest rate x time = $400,000 x 3.75% x 1/12 = $1,250

as you make monthly payments, the principal amount will start decreasing by monthly payment - interest, and that should also decrease the interest charged per month and increase the amount of principal paid each time.

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A company supplies printing machines to newspaper agencies across the world. Though the product supplied to different countries
KIM [24]

Answer:

Adaptation of industrial products is the correct answer.

Explanation:

5 0
3 years ago
I will give brainliest if correct
stepan [7]

Answer:

I believe that it is A and C

Explanation:

5 0
3 years ago
Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
blagie [28]

Answer:

D.

Explanation:

Based on the scenario being described within the question it can be said that when allocating funds, the firm should probably assign the highest cost of capital to division Z because it is most likely the riskiest of the three divisions. This is because Division Z focuses on research and development which means that they might not actually discover or create something that can bring value to the company and is therefore highly risky.

4 0
3 years ago
Read 2 more answers
The U.S. service economy: a. is easily distinguishable from manufacturing firms. b. accounts for a significant portion of the U.
Nataly [62]

Answer:

b. accounts for a significant portion of the U.S.'s economic output

Explanation:

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5 0
3 years ago
The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
Crank

Answer:

-$414,444.44

Explanation:

The computation of the net present value is shown below:

Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)

= -$1,570,000 + $104,000 ÷ (12% - 3%)

= -$1,570,000 + $1,155,555.56

= -$414,444.44

Hence, the net present value is -$414,444.44

Since the net present value comes in negative so the project is rejected

         

8 0
3 years ago
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