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kupik [55]
3 years ago
8

John House has taken a 20-year, $250,000 mortgage on his house at an interest rate of 6 percent per year. What is the remaining

balance (or value) of the mortgage after the payment of the fifth annual installment?
Business
1 answer:
dangina [55]3 years ago
6 0

Answer:

$211,689. 53

Explanation:

Calculation to determine the remaining balance (or value) of the mortgage after the payment of the fifth annual installment

Step 1 is to compute PMT using Financial calculator

I = 6%

N = 20

PV = 250,000

FV = 0

PMT=?

Hence,

PMT = 21,796.14.

Now let determine the PV using Financial calculator

I = 6%

N = 15

PMT = 21,796.14

PV=?

Hence,

PV = $211,689. 53

Therefore the remaining balance (or value) of the mortgage after the payment of the fifth annual installment is $211,689. 53

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An unsecured bond, backed only by the well-respected name of the organization, is called a _________ bond.
goblinko [34]

Answer:

the correct answer is

debenture

Explanation:

An unsecured bond, backed only by the well-respected name of the organization, is called a debenture bond.

5 0
3 years ago
To be classified as unemployed, a person must be:
Alik [6]
Unemployed means Unemployed so i'd go with the first option. But i'm not sure so i'd wait for another answer 

4 0
3 years ago
​David, Chris and John formed a partnership on July​ 31, 2019. They decided to share profits​ equally, but inserted a clause in
MA_775_DIABLO [31]

Answer:

$37,833

Explanation:

Calculation for the balance of John's Capital account as of December 31, 2020.

Using this formula

Balance as of December 31, 2020= Initial contribution + Profit for December 31, 2019 - Loss for December 31, 2020

Let plug in the formula

Balance as of December 31, 2020= $39,000 + ( $46,000/3) - ( $55,000/10×3)

Balance as of December 31, 2020= $39,000 + $15,333 - $16,500

Balance as of December 31, 2020= $37,833

Therefore the balance of John's Capital account as of December 31, 2020 will be $37,833

3 0
3 years ago
True or False: Japan generally runs a significant trade surplus because of low Japanese demand for foreign goods.
mihalych1998 [28]

Answer:

False

Explanation:

Among the various reasons, Japan is a high country saving rate relative to investment that cause a significant trade surplus. A higher saving rate generally corresponds to trade surplus. Japan socio-political and economical conditions reveals that people have a high propensity to save. Many reason like high life expectancy rate, underdeveloped social security and tax incentives for income from capital and frequent environmental hazards attributed to the high rate of saving in Japan.

With the high rate of savings relative to domestic investment, Japan invest more funds in other countries(net capital outflow increases). This is matched with high net exports leading to a trade surplus.

4 0
3 years ago
If a dominant firm is charged with refusal to deal under antitrust​ law, it is being charged because A. the firm will not set it
sergey [27]

Answer:

C. it will sell its products only to people who agree to buy only from it and not from rival firms.

Explanation:

Generally, any business can choose its business partners. But, under certain circumstances, there are limits on this freedom for a firm with a big market power.

There is an attempting to define those limited situations when this kinds of firm may violate antitrust law:

- The first option is that it violate the antitrust law by refusing to do business with other firms, or do business but under certain requisites. The key here is how the refusal to deal helps the monopolist maintain its empire, or allows the monopolist make an strategy where its monopoly is use in another market to attempt to monopolize other market.

- They can also refuse to deal with customers or suppliers, what cause the effect of preventing them from dealing with a rival: "If you deal with my competitor, I refuse to deal with you."

- Also, regarding to a firm dealing with its competitors,  if the monopolist refuses to sell a product or service to a competitor and it makes it available to others, or if the monopolist has done business with the competitor and then stops, then the monopolist needs a legitimate business reason for its actions.

3 0
3 years ago
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