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3 years ago

Explain how the amount of a down payment affects your monthly mortgage payments.

Business

1 answer:

madam [21]3 years ago

7 0

Answer:

The more money you put down, the smaller your principal value becomes. Having a smaller principal value will make your monthly payments smaller.

Explanation:

The amount of a down payment you pay will affect your monthly mortgage payment. If you put a larger down payment on your mortgage/loan you will pay less in monthly mortgage payments. If you put a smaller down payment you will end up paying more monthly.

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Dawn graduated from high school and wants to get a credit card. how can dawn establish credit-worthiness?

yanalaym [24]

By keeping good credit

7 0

3 years ago

Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y

Andru [333]

In 8 years, Dania Corporation's sales would be $936.33 million.

Solution:

Since last year sales = $525 million,

Let last year be Year 0

So, in year 0 = $525 million.

Sales grow = 7.5% per year,

Year 1,

525 x 1.075 = $564.375 million.

Year 2,

564.375 x 1.075 = $606.7 million

Year 3,

606.7 x 1.075 = $652.2 million

Year 4

652.2 x 1.075 = $701.12 million

Year 5

701.12 x 1.075 = $753.7 million

Year 6

753.7 x 1.075 = $810.23 million

Year 7

810.23 x 1.075 = $871 million

Finally in year 8

871 x 1.075 = $936.33 million

To learn more about sales visit:

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3 0

2 years ago

Sarah offers to pay allison $150 if allison will paint her apartment while she is out of town on vacation for two weeks. allison

serg [7]

The best answer for the question of which is best described above is letter a. unilateral contract. It is because it is a legal promise between the parties which is Allison and Sarah. The unilateral contract has the ability to pay one party if the other party is able to do his or her task or perform a certain duty that the other party ask or told.

5 0

3 years ago

The process of providing focus for employees and motivating them to achieve organizational gool's. Select one a. Effective b. Di

mina [271]

Answer:

directing

Explanation:

with directing you instruct your employees on what to do thus providing focus

5 0

3 years ago

Alpha Industries is considering a project with an initial cost of $9.7 million. The project will produce cash inflows of $1.67 m

vovikov84 [41]

Answer:

$660,000

Explanation:

WACC = [wD * kD * (1 - t)] + [wE * kE]

WACC = [(0.77 / 1.77)*6.12%* (1 - 0.40)] + [(1 / 1.77)*11.61%]

WACC = 1.60% + 6.56%

WACC = 8.16%

Present value of annuity = Annuity*[1-(1+interest rate)^-time period]/rate

Present value of annuity = $1.67*[1-(1.08156745763)^-9]/0.0816

Present value of annuity = $1.67*6.206374532

Present value of annuity = $10.36 million

NPV = Present value of inflows - Present value of outflows

NPV = $10.36 million - $9.7 million

NPV = $660,000

5 0

3 years ago