It's used by almost everyone
Answer:
Its A
Explanation:
Because people dont like wierd ads and sketchy things
Answer:
Present Value of the loan = $19999.36 rounded off to $20000
Explanation:
The present value of loan will comprise of the present value of the principal amount of loan plus the present value of the interest that the loan will charge for the 3 year time period for which it is outstanding. As the interest payments are fixed and occur after equal intervals of time, they are considered an annuity.
To calculate the present value of the loan, we must discount the interest payments using the present value factor of annuity given in the question as 2.5771 and we must discount the principal to present value using the present value factor given in question as 0.7938.
We will first calculate the annual interest payment on loan.
Annual Interest payment = 20000 * 0.08 = 1600
Present value of the Interest payment - annuity = 1600 * 2.5771
Present value of the Interest payment - annuity = $4123.36
Present value of the Principal loan = 20000 * 0.7938
Present value of the Principal loan = $15876
Present Value of the loan = 15876 + 4123.36
Present Value of the loan = $19999.36 rounded off to $20000
Answer:
Amortizing loan.
Explanation:
Amortizing loan is the type where the principal and interest are paid in equal amounts till the loan is fully paid.
Usually payments are represented in an amortizing schedule. The payments are made up of part of the principal and the other part the interest paid together.
Jeff's loan of $275 monthly payments for 5 years is a form of amortizing loan.
Answer:
D. None of the above
Explanation:
Computation for the tax on this property
Property Tax = [(3% × $250,000] + [1% ×($629,800-$250,000)]
Property Tax= $7,500+ $3,798
Property Tax= $11,298
Therefore the tax on this property will be $11,298 which means that the choices listed above are not correct.
