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Aleonysh [2.5K]
3 years ago
5

g Ms. White has entered the housing market in search of a suitable home. She has saved $10,000 for a down payment and has found

a house that sells for $100,000. She can obtain a mortgage for the difference for 30 years at 12 percent per year. Suppose Ms. White learns she is being transferred. She must now sell her house and pay off the mortgage debt outstanding after 18 months. What is the amount outstanding
Business
1 answer:
Svetradugi [14.3K]3 years ago
3 0

Answer:

$89,418

Explanation:

It is important to realize that Ms. White has been honoring her mortgage payments for the 18 months that she owned the house.

So we can determine the amount of outstanding debt by constructing an amortization table.

Here, i will use a Financial Calculator to prepare the amortization table.

PV = $90,000

N = 20

I = 12

FV = 0

P/YR = 1

PMT = $11,172.93 (CALCULATED)

Period                 Principle        Interest        Payment            Balance

Beginning                                                                                $90,000

Year 1 End         $373              $ 10,800        $11,173               $89,627

Year 2 End        $417               $ 10,755         $11,173              $89,209

But for the Year 2 she only owned the house for 6 month (to 18 months).

Thus amount outstanding after 18 months is $89,418 ($89,627 - $209)

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Find the final amount in the following retirement​ account, in which the rate of return on the account and the regular contribut
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Answer:

Total value of the investment= $57,320.73

Explanation:

<u>First, we need to calculate the future value of the first part of the investment. We will calculate the future value for the monthly deposit for five years and then the lump sum for another five years.</u>

FV= {A*[(1+i)^n-1]}/i

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<u>For the lump sum:</u>

FV= PV*(1+i)^n

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<u>Now, the future value of the second part of the investment:</u>

<u></u>

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3 years ago
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The correct answer is B) coercive.

Explanation:

A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.

This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.

It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.

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3 years ago
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The partnership most likely formed is a general partnership.

<h3>What is a general partnership?</h3>

A general partnership is when two or more people come together to form a business. The people who come together to create the business are referred to as partners.

In a general partnership, all the partners are responsible for the running the company. All the partners have an unlimited liability.

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Indra is using counterfactual thinking to discover alternatives for a past unexpected outcome the next step for her is to identify other factors that may serve as hindrance and need to be overcome.

<h3>What is counterfactual thinking?</h3>

Counterfactual thinking is done when an individual needs alternative methods or way to do a thing that has been done.

The initial method may not be as productive as the individual expected.

This will make an individual think of all the factors that may have hindered the desired result.

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