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Montano1993 [528]
3 years ago
6

4. You want to take out a fully-amortizing 30-year mortgage. You can afford monthly payments of $600 each. The interest rate is

9%. How much money can you borrow?
Business
1 answer:
iragen [17]3 years ago
3 0

Answer: $74569

Explanation:

Based on the information given in the question, the amount that can be borrowed is explained below:

Present value of annuity will e calculated as:

= 600 × [1-(1+0.09/12)^-(12 ×30)] / (0.09/12)

= 600 × [1-(1+0.0075)^-(360)] / 0.0075

= 600 × 1-(1.0075)^-(360)] / 0.0075

= 600 × [1-0.0678860074] / 0.0075

= 600 × 124.282

= 74569

The amount that can be borrowed is $74569

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Connie has AGI of $90,000 and owns rental property generating a $27,000 loss. She actively manages the property. Her deductible
Sedbober [7]

Answer and Explanation:

Her deductible loss is $27,000.

8 0
3 years ago
When interest is accrued on a note payable, but not paid, the A. Interest Expense account is increased; the Interest Payable acc
olchik [2.2K]

Answer:

C. Interest Expense account is increased; the Interest Payable account is increased.

Explanation:

A secured interest can be defined as a legal right granted by a borrower to a lender (creditor) over a collateral (the borrower's property) which permits or allow the lender to have a right to possess the property as soon as the lender defaults in making payment. The payment which is expected to be made by the borrower of a mortgage loan is considered a secured obligation because it is a lien or an enforceable legal claim.

When interest is accrued on a note payable, but not paid, the Interest Expense account is increased; the Interest Payable account is increased.

8 0
3 years ago
ASAP 65 points.
Bad White [126]

Answer:

Ebay

Explanation:

Ebay’s corporate and sales websites have  a lot of differences, the most notable being the lack of interface to purchase products on the corporate site. Another difference is that the corporate website is more like a newsfeed, showing achievements, advertisements, etc, for the company, whereas the sales site has lots of pictures and products, and it is more visually pleasing because of the colours. A final difference is there is a lot less text and writing on the sales website than on the corporate website.

Some qualities I associate with Ebay are:

That the products sold on the website are often cheaper than in the shops, because you are purchasing directly from the business.

Another quality that i think of is that it enables small businesses to start their companies without the costs of properties. as well as providing big corporations with somewhere to ensure they get sales.

A final quality that i associate with Ebay is the ability to sell your unwanted things to people, therefore making some profit.

I think Ebay does not have a target market, as when you access their sales website, they have products for every age group, baby toys, phones, mobility scooters, etc.

An example of a desire-based advertisement i have seen is the Galaxy advertisement, where the chocolate is portrayed as a luxury product that is desired by everyone.

An example of fear-based advertising is toothpaste advertisements, where they show what could happen if you don’t use their product, which makes you want to buy it.

You're welcome.

5 0
3 years ago
A company purchased $3,200 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $900 worth of merchandise. On
Jlenok [28]

Explanation:

The correct journal entry is as follows

Accounts payable A/c Dr $2,300      

     To Cash A/c   $2,254            

     To Merchandise Inventory A/c $46

(Being due amount is paid and the remaining balance is credited to the cash account)

It is computed below:

For account payable

= $3,200 - $900

= $2,300

For Merchandise inventory

=  ($3,200 - $900) × 2%  

= $46

4 0
3 years ago
A book of mass 5 kg rests on a plank. You tilt one end of the plank and slowly increase the angle of the tilt. The coefficient o
s344n2d4d5 [400]

Answer:

The maximum angle of tilt is 26.56°.

Explanation:

Given that,

Mass of book = 5 kg

Coefficient of static friction = 0.50

The normal force of plank on book

F_{n}=mg\cos\theta

The friction force holding book against moving

f_{\mu}=\mu F_{n}....(I)

The force induced by gravity is

F_{g}=mg\sin\theta....(II)

We need to calculate the angle

Now, both forces are equal

f_{\mu}=F_{g}

\mu\ mg\cos\theta=mg\sin\theta

Put the value into the formula

0.50\times5\times9.8\cos\theta=5\times9.8\sin\theta

\tan\theta=\dfrac{0.50\times5\times9.8}{5\times9.8}

\theta=\tan^{-1}{0.5}

\theta=26.56^{\circ}

Hence, The maximum angle of tilt is 26.56°.

4 0
3 years ago
Read 2 more answers
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