Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
Answer:
C
Step-by-step explanation:
Dividend policy (hypothesis) of firms as stated by Musa (2009) is a cultural phenomenon that changes continuously according to environment and time, hence it is necessary to continuously modify dividend behavioural models to capture those factors that are peculiar to a particular period and environment, as well as changes in tax.
Hope this helps
I will try my best to assist you with your question ,
First we must divide the amount by 2
334/2 = 167
Now we add 16
167 + 16=183
So, the girl spent $183
Wow, she is spoiled!
Hope I helped!
Good Luck!
Is 76.63 because:
If it is 5 or above, you give it one more point .
If it is 4 or below, you let it stay still.
Find 10% of it (just move the decimal point one spot to the left) and multiply by 4
