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WITCHER [35]
3 years ago
9

A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30

years at 5% interest. What will be the amount of her principal and interest payment if the requirement is $5.68 per thousand of the loan amount?
Business
1 answer:
RUDIKE [14]3 years ago
5 0

Answer:

We have:

Amount of principal = $268,000

Interest payment = $1,522.24

Explanation:

These can be calculated as follows:

Loan principal = Cost of the home * Percentage to borrow = $335,000 * 80% = $268,000

Interest payment = (Loan principal / $1,000) * $5.68 = ($268,000 / $1,000) * $5.68 = 268 * $5.68 = $1,522.24

Therefore, we have:

Amount of principal = $268,000

Interest payment = $1,522.24

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Unit Elastic is elasticity where a change in the independent variable (usually price) generates a proportional change of the dep
elixir [45]

Answer:

The statement is true.

Explanation:

Unit elastic is described as the demand or supply curve that is perfectly responsive to the changes in the price. In other words, the demand or the quality supplied will change or vary in accordance with the same percentage as the change in price.

The curve which has elasticity of 1 will be called as unit elastic.

5 0
2 years ago
When might a company be criticized for its lack of corporate social responsibility? A. After cutting wages and benefits in order
gayaneshka [121]

A. After cutting wages and benefits in order to increase profit

Explanation:

As a company that exists in an environment, it has a responsibility to socially responsible for its actions that affect its environment including individuals(employees)

The employees are part of the social environment, so cutting their wages and benefits does not make the company socially responsible.

#learnwithbrainly

3 0
3 years ago
How much does it cost to play 18 holes at augusta national.
Vladimir [108]

Answer:

$21 to $27

Explanation:

That how much it is

5 0
1 year ago
You are considering an investment in a mutual fund with a 4% load and an expense ratio of 0.5%. You can invest instead in a bank
irakobra [83]

Answer:

a. r > 8.69%

b. r > 7.225

Explanation:

Missing question <em>"b. hat annual rate of return must the fund portfolio earn if you plan to invest for 6 years to be better off in the fund than in the CD?"</em>

<em />

Mutual fund wealth index after N years = (1 - front load)*(1+r-expenses)^N

CD wealth index after N years = (1+rate)^N

a. Investment for 2 years

(1 - front load)*(1+r-expenses)^N = (1+rate)^N

(1 - 0.04)*(1+r-0.005)^2 = (1+0.06)^2

0.96*(1+r-0.005)^2 = 1.1236

(1+r-0.005)^2 = 1.17041667

<em>We remove square from both sides</em>

(1+r-0.005) = 1.17041667^(1/5)

(1+r-0.005) = 1.08185797

r = 1.08185797 - 1 + 0.005

r = 0.0869

r = 8.69%

r > 8.69%

b. If investment is for 6 years

(1 - front load)*(1+r-expenses)^N = (1+rate)^N

(1 - 0.04)*(1+r-0.005)^6 = (1+0.06)^6

0.96*(1+r-0.005)^6 = 1.41851911

(1+r-0.005)^6 = 1.47762408

<em>We remove square from both sides</em>

(1+r-0.005) = 1.47762408^(1/6)

(1+r-0.005) = 1.06723648

r = 1.06723648 - 1 + 0.005

r = 0.07223648

r = 7.22%

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7 0
2 years ago
The general expenses necessary to run the business are called Question 30 options: operating expenses. annual projections. 10-ye
sleet_krkn [62]

Answer:

Operating expenses

Explanation:

Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .

Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.

Examples include rent , payroll ,transportation , security fees among others.

3 0
3 years ago
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