Answer:
The monthly loan interest = $350
Explanation:
<em>Loan amortization (repayment mortgage)</em>
A repayment mortage is such that a mortgage is repaid using a series of equal installments . Each installmet pays the interest accrued and a portion of the loan
<em>Interest only-mortgage</em>
On the other hand, under an interest only mortgage the borrower is required to pay only the interest due on the loan monthly , the principal can be paid in a lump sum at the end of the loan period.
The advanatage of an interest only mortgage is that it makes mortgage very accessible and affordable. However, the borrower will still be owing the principal amount of the mortgage at the end of the loan period, which might mean a cash flow pressure.
We can work out the monthly pay for an interest only mortgage as foolws:
Monthly repayment =( Loan amount× rate (%) × year)/(year × 12)
The monthly loan interest = (56,000× 7.5% × 15)/12×15
=$350
The monthly loan interest = $350
Answer:
A) strategic options
Explanation:
1) strategic option is useful option to expand into the related business in future
2) strategic option gives you the clear analysis regarding the future of the business by knowing the strengths , weaknesses , opportunities and threats in the industry
3)strategic options are developed after the industry analysis is completed
contingency option is not correct because it explains about the future risks based on the outcomes
capital rationing is not correct because it gives an idea on how to invest and where to invest your money
When a bank holds a minimum amount as reserves as required by law, this is the <u>required reserves. </u>
<h3>What are required reserves?</h3>
These are a certain percentage of every deposit made into a bank that they are to keep as reserves and not loan out.
These reserves are to ensure that the bank still has some money to pay out to depositors even in the event of financial crises. They are also useful in government monetary policy.
Find out more on required reserves at brainly.com/question/26960248.
A. To determine the total earnings incurred by Carson by being a part-time employee at a certain store, we have to just multiply his hourly rate with the total number of hours that he spent working for a certain week.
That is,
W = ($4.20 /hour)(37 hours)
W = $155.4
Answer: $155.4
Answer:
The quantity that Sarah's Machinery Company is indifferent between two technologies is 5.
Explanation:
We are looking for the quantity that Sarah's Machinery Company is indifferent between two technologies, so we have to find the quantity that the total cost with technology A is the same to the total cost with technology B
Total cost technology A=500+50x
Total cost technology B=250+100x
500+50x=250+100x
500-250=100x-50x
250=50x
x=250/50=5