1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lynna [10]
3 years ago
14

Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.

5% interest for 15 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Business
1 answer:
dusya [7]3 years ago
4 0

Answer:

the monthly payment is $910.18

Explanation:

The computation of the monthly payment is shown below:

Given that

PV = $180,000 - 20% of $180,000 = $144,000

NPER = 15 × 120 = 360

RATE = 6.5% ÷ 12 = 0.541666%

FV = $0

The formula is shown below:

=PMT(RATE;NPER;PV;FV:TYPE)

The present values comes in negative

After applying the above formula, the monthly payment is $910.18

You might be interested in
Which of the following is influenced by personal economic choices? Check all that apply.
alexdok [17]
These are factors that influences the personal economic choices that a person will decide:
-the resources you have available
-the money you decide to spend on leisure products
-the amount of money you put into your savings account
-and the manner in which you balance your time between work and leisure
In the answers above, the only choice that I did not check is number 1 because it is not a personal choice that is applied to everyone. resources and money are saved and used for personal choices of a person for leisure and needs.
3 0
3 years ago
Klassen Toy Company, Inc., assembles two parts: Part 1 is first processed at workstation A for 15 minutes per unit and then proc
Sever21 [200]

Answer:

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

Explanation:

Part 1 is processed at A for 15 minutes and then at B for 10 minutes.

Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes

Part 2 is processed at C for 20 minutes.

Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes

Thus looking at the given data,

Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes

So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

4 0
3 years ago
The Office of Management and Budget ______. Group of answer choices
Serga [27]

Answer Choices:

A. is staffed by accountants, economists,  tax lawyers

B. keeps Congress well informed on international  affairs

C. was created by Article III of the Constitution

D. consents to treaties and  trade agreements negotiated by the President

Answer:

A.

7 0
3 years ago
Read 2 more answers
The investments of Steelers Inc. include a single investment: 42,730 shares of Bengals Inc. common stock purchased on September
Inga [223]

Answer:

Explanation:

A. The journal entries are shown below:

On September 12

Investment A/c - Bengals Inc A/c Dr $598,220   (42,730 × $14)

          To Cash A/c                                     $598,220

(Being the acquired investment including brokerage commission is recorded)

On December 31

Unrealized gain or loss on available-for-sale securities A/c Dr $85,460            

            To Valuation allowance for available-for-sale securities $85,460

(Being decline in share value is recorded)

The computation is shown below:

= 42,730 shares × ($14 per share - $12 per share)

= 42,730 shares × $2 per share

= $85,460

B. The unrealized gain or loss for available-for-sale investments is shown in the Stockholder equity section on the balance sheet. It is to be shown in the negative item in the equity section.

7 0
3 years ago
A(n) _____ strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribu
Ksju [112]
I think the correct answer from the choices listed above is the last option. A corporate strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribution of resources amongthose businesses. Hope this answers the question.
7 0
3 years ago
Other questions:
  • If hawkins manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the raw materials invento
    15·1 answer
  • Can anyone help me with this?
    14·2 answers
  • Explain your return on educational investment?
    14·1 answer
  • During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,
    7·1 answer
  • The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
    12·1 answer
  • Kat is willing to pay $900 for 25 bottles of grape wine. The market price of 15 boties of grape wine is $390. Because of an incr
    5·1 answer
  • _____ is a way of producing a response to a stimulus by repeatedly pairing it with another stimulus that automatically produces
    5·1 answer
  • (Externalities) Complete each of the following sentences: a. Resources for which periodic use can be continued indefinitely are
    14·1 answer
  • In the previous year, a company had revenues of $500,000, project overhead of $40,000 and company overhead of $75,000. The compa
    5·2 answers
  • In which stage of the product life cycle will promotional expenditures be especially high in an attempt to create consumer aware
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!