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Andre45 [30]
2 years ago
9

John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 eq

ual, annual payments, what is the amount of each payment?
Business
1 answer:
stiks02 [169]2 years ago
8 0

Answer:

$21,796.14

Explanation:

Use the Time Value of Money techniques to calculate the amount of each installment (PMT)

PV = $250,000

i =  6 %

n = 20

P/yr = 1

FV = $0

PMT = ?

Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.

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Answer:

The correct answer is C

Explanation:

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This account help the customers or people to set aside the portion of their liquid assets when earning a monetary return. And this account does not charge any fee for depositing as well as cashing the paycheck into the saving account.

Therefore, the statement which is false is that the customer have to pay a fee for depositing or cashing.

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Answer:

Answers explained below

Explanation:

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3 years ago
Through fraudulent means, Frank induces Ethel to sign a contract to invest with him the profits from her business. When Ethel le
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Answer:

a. ​enforce the contract or recover what she invested with Finlay.

Explanation:

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In their relationship, neither bette nor sam wants to take control or make decisions. this type of relationship is known as a co
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Answer:

A.selling common stock.

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