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wariber [46]
2 years ago
12

An FHA-insured loan in the amount of $57,500 at a 6 ½% interest rate for 30 years was closed on March 17. The first monthly paym

ent is not due until May 1. If the interest is paid monthly in arrears, how much pre-paid interest does the buyer owe at closing? (Use a 360-day year)
Business
1 answer:
Airida [17]2 years ago
5 0

Answer: $145.32

Explanation:

$57500 loan × 6.5/100

$ 57500 ×0.065 =$3737.50 annual interest

Monthly interest = 3737.50 ÷ 12 month

= $ 311.45

Daily interest = monthly interest ÷ 30 days

= $311.45 ÷30

= $10.38

So, from March 17 to May 1 = 14days

14×$10.38 = $145.32

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Answer:

Callous

Explanation:

Showing the counters of tuition $200 per credit.

4 0
3 years ago
PA8.
notka56 [123]

Answer:

750

Explanation:

The number of units in finishing department at the end of the month shall be calculated as follows:

Number of units transferred=Starting wip inventory+units received from molding department-number of units at the end of month.

Number of units at the end of month=Starting wip inventory-number of units transferred+units received from molding department

Number of units at the end of month=700-2,150+2,200

                                                             =750

6 0
3 years ago
As the operations manager for American Airlines you have decided to invest in 10 new jets for the company's fleet. There are thr
Tanzania [10]

Answer:

0.17

Explanation:

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Expected return in investment = (Expected return of outcome 1 × Probability of outcome 1) + (Expected return of outcome 2 × Probability of outcome 2) + (Expected return of outcome 3 × Probability of outcome 3)

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= 0.075 + 0.075 + 0.2

= 0.17

Therefore for computing the expected rate of return we simply applied the above formula.

3 0
3 years ago
Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and
blondinia [14]

Answer: The web team can create a FAQ page.

Explanation: FAQ is an abbreviation for Frequently Asked Questions. A FAQ page is a page on an c ecommerce store, where answers to important questions about a company or its products and services have been stored. This is done to clarify the uncertainties of customers and show them how the company or its products and services work.

This will greatly help the company reduce questions directed to sales team, as customers can easily find answer to their questions in the FAQ page

3 0
3 years ago
Why does the “rfm” rubric present the three key measures (recency, frequency, and monetary value) in that order?
snow_lady [41]

The order of the attributes in RFM conforms to the order of their importance in ranking customers. Recency is the most important factor. Recency alone won’t sort out your good customers from your new ones. You need frequency for that. Frequency measures the intensity of a customer’s relationship with your business. How much a customer spends on average or in total is the final measure of his or her monetary value.

5 0
3 years ago
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