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Advocard [28]
3 years ago
11

(3) Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You have arranged to finance

the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?

Business
1 answer:
Colt1911 [192]3 years ago
4 0

Answer:

Explanation:

In the given question, we have to find out the monthly payment. In this case, the interest rate is divided by 12 months and the years are multiplied by the 12 months

So,

The interest rate would be = 6.5% ÷ 12 months = 0.541%

The total months would be = 30 years × 12 months = 360 months

And, the present value would be equal to

= First condo amount - down payment

= $145,000 - $15,000

= $130,000

The calculation is shown in the spreadsheet. Kindly find the attachment

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Ahat [919]

Answer:

The correct answer is letter "C": The employee whose performance was appraised may develop a deflated ego.

Explanation:

Appraisal interviews are conducted to discuss the performance of employees. The company sets a standard of how the duties of workers must be developed and employees are evaluated based on those guidelines. The closer the employee method or woking is to the company's standards, the possibilities of scoring higher increase.

However, not all employees end up with a good score after appraisals. <em>Those who are provided with negative notes typically develop a deflated ego since their performance was qualified as lacking. Managers must follow up on these workers to make sure they are not discouraged and that they accomplish the objectives their roles demand.</em>

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4 years ago
Uber is a tech company that connects its mobile phone app users who have a trip request with nearby Uber drivers who use their o
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Answer:

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2. The quantity of Uber services sold increases.

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6 0
3 years ago
McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year t
miv72 [106K]

Answer:

Net income for the year = $257,000

Explanation:

Retained earnings for the year= Net income - dividends paid.

Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of  $2,499,000.

therefore retained earnings for the year = ending retained earnings balance  - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.

Net income for the year is  thus =  $257,000 since no dividends were paid.

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3 years ago
How are old telephone logs, payroll records, minutes of practice management meetings, and canceled checks categorized?
Y_Kistochka [10]

They are categorized by confidential documents. Confidential documents is where documents are being classified or the data is access classified in which the data is sensitive or private and can’t be accessed easily because of the sensitive content that it contains.

8 0
3 years ago
The present value of a future amount of money is the amount ​that, if invested​ today, will grow to be as large as that ​ _____
svetlana [45]

Answer: A. Present; B. Taken; C. Future; D. Present

Explanation:

The present value of a future amount of money is the amount ​that, if invested​ today, will grow to be as large as that ​present amount when the interest that it will earn is​ taken into account.

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