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gogolik [260]
3 years ago
9

Why do we need brainly plus to see answers it really isnt fair

Business
2 answers:
iogann1982 [59]3 years ago
6 0

Answer:

FAX

Explanation:

sweet [91]3 years ago
4 0

Answer:

u actually dont need it all u have to do is sign up nd follow instructers

Explanation:srry i think this it true but im new so i think it is

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You borrow $210,000 to purchase a home. the terms of the loan call for monthly payments over 30 years at a mortgage rate of 4.50
Dmitry_Shevchenko [17]
First step, find the monthly payments.
Borrowed amount, P = 210000
Monthly interest, i = 0.045/12
Number of periods, n = 30*12=360

Monthly payment
A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}
=\frac{210000(0.045/12*(1+0.045/12)^360)}{(1+0.045/12)^360-1}
=1064.0392    [to the 1/100 of a cent]


2. Calculate interest accumulated over 60 months
I=210000((1+0.045/12)^{60}-1)
=52877.12

3. Calculate value of payments
F=\frac{A((1+i)^n-1)}{i}
=\frac{1064.039150634359((1+0.045/12)^{60}-1)}{0.045/12}
=71445.50    to the nearest cent

4. Calculate percentage of interest paid
A. as a fraction of future values
Percentage of interest
=52877.12/71445.50
=74.01%
As a fraction of total amounts paid
Percentage of interest
=52877.12/(60*1064.0392)
=52877.12/63842.35
=82.82%
6 0
3 years ago
In the design of a chemical plant, the following costs and revenues (in the third year of production) are projected:
miss Akunina [59]

Answer:

A

Explanation:

6 0
3 years ago
What is the difference between an affirmative action goal and a quota? Is there a difference
Margaret [11]

Answer:

Affirmative action is an effort by institutions to improve educational and economic opportunities for underrepresented groups and communities. Quotas force diversity without factoring in actual inclusion. The pathetic attempt to meet numerical goals to appear diverse.

3 0
2 years ago
A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.90% with interest paid annually. If the
Effectus [21]

Answer:

$5.97

Explanation:

In order to determine the capital gain of the bond in a year's time,it is first first of all important to calculate the yield to maturity on the bond which is arrived at by applying the rate formula in excel as follows:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest the bond would pay over its entire life of 15 years which is 15

pmt is the annual interest,7.9%*$1000=$79

pv is the current market price of the bond which is $790

fv is the value of $1000

=rate(15,79,-790,1000)=10.79%

Afterwards,the price of the bond in one year' time can then be calculated:

=-pv(rate,nper,pmt,fv)

The variables in the formula are as above except for nper which would reduce by 1 in a year's time

=-pv(10.79%,14,79,1000)

pv=$ 795.97  

Hence the capital gain=price now-price one year ago/price one year ago

price now is $795.97  

price one year ago was $790

Capital gain=$795.97-$790=$5.97

Capital gain %= ($795.97-$790)/$790=0.76%

8 0
3 years ago
Sean and Jenny own a home in Boulder City, Nevada, near Lake Mead. During the year, they rented the house for 40 days for $3,000
Dmitry_Shevchenko [17]

Answer:

Sean and Jenny

The deductible net loss for the rental of their home is:

= $18,241.

Explanation:

a) Data and Calculations:

Number of days for rent of $3,000 collected = 40 days

Number of personal use of house = 18 days

Total number of days that the house was in use = 58 days

House Expenses:

Mortgage interest $14,000

Property taxes          3,500

Utilities                       1,100

Maintenance             1,300

Depreciation          10,900

Total expenses  $30,800

Proportion of house expense:

Rental use =       $21,241 (40/58 * $30,800) 69%

Personal use =   $9,559 (18/58 * $30,800)   31%

Total expense $30,800

The deductible net loss for the rental of their home is $18,241 ($3,000 - $21,241).

8 0
3 years ago
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