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Stells [14]
3 years ago
12

You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current mo

nthly payment is $ 2 comma 356 and you have made every payment on time. The original term of the mortgage was 30​ years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 7.500 % ​(APR). How much do you owe on the mortgage​ today? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)
Business
1 answer:
Serhud [2]3 years ago
7 0

Answer:

$320,244.92

Explanation:

We must first determine the principal of the loan and we can do that by using the present value of an annuity formula:

PV = monthly payment x annuity factor

  • monthly payment = $2,356
  • PV annuity factor, 360 periods, 0.625% = 143.01763

PV = $2,356 x 143.01763 = $336,950

Once we have calculated the principal, we can prepare an amortization schedule. I used an excel spreadsheet to do it. Four years and 8 months is the same as 56 monthly payments. The principal's balance after the 56th payment is $320,244.92

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3 years ago
Multi-market competition occurs when two or more diversified firms:
azamat

Answer:

The correct answer is letter "D": simultaneously compete against each other in the same product areas geographic markets.

Explanation:

Multi-market competition happens when companies offering a similar product make contact in multiple markets. The level o competition shapes according to the region where the goods or services are being offered and in different markets, different consumers decide which company is taken as the preferred.

Though, the constant contact of competitors in different regions could decrease their competition since they might use their mutual help in adverse areas to be able to conduct their businesses.

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4 years ago
The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.
Alisiya [41]

The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.

<h3>What is microeconomics?</h3>

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.

Examples of microeconomics include:

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Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.

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7 0
3 years ago
You purchased a share of stock for $53. One year later you received $3.00 as dividend and sold the share for $52. Your holding-p
GalinKa [24]

Answer:

the holding period return is 3.77%

Explanation:

The computation of the holding period return is shown below:

Holding period return is

= (Income + (Selling price - Purchase price)) ÷ Purchase price

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Hence, the holding period return is 3.77%

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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3 years ago
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Answer:

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1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So, it would be classified in the operating section of the cash flow statement

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