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Andre45 [30]
3 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]3 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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swat32

Answer:

B) Liquidity

Explanation:

Liquidity is the ability of quickly buy or sell a stock without any price change.

Liquidity in a small-capitalization stock that has low trading volume is generally low that causes a problem for traders. It is so because in small capitalization, traders are unable to understand potential pitfalls and blindly invest in small-capitalization stocks which do not give profit as expected and the liquidity becomes low.

Hence, the correct answer is B) Liquidity.

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3 years ago
What are the advantages of a bank savings account?
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During the year, Kiner Company made an entry to write off a $32,000 uncollectible account. Before this entry was made, the balan
azamat

Answer:

balance in bills receivables account = $364000

Explanation:

given data

write off =  $32000

balance in accounts receivable = $400000

balance in allowance account = $36000

to find out

net realizable value of accounts receivable

solution

we first find credit balance in allowance that is

credit balance in allowance = $36000 - $32000

credit balance in allowance = $4000

and

so here balance in bills receivables account is

balance in bills receivables account =  ( $400000 - $32000 ) - ( $36000 - $32000 )

balance in bills receivables account = $368000 - $4000

balance in bills receivables account = $364000

4 0
3 years ago
How do you accept criticism
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A team member who supports the team by performing his or her assigned duties is a
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Answer:

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