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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

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Answer:

The correct answer is c. Marginal analysis

Explanation:

Marginal analysis is a technique you can apply when you are comparing some options.  We can say this analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Using this technique you can maximize the potential profits.

The additional cost versus the additional benefit of a decision. In this case,  Bill and Alma are analyzing if  living 10 miles closer to their workplaces ( benefit) is worth the extra $25,000 in the cost of the house(cost). This is marginal analysis.

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in industires where international competition is so fieerce and the costs of competing on a global basis are so high that only a
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Answer:

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What is the third rule to normalize a database?
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Answer:

$7,200

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