All categories

3 years ago

Warm-Up

Business

1 answer:

zloy xaker [14]3 years ago

4 0

Answer:

$1,088.12

Explanation:

The formula for calculating monthly repayments is as below.

M= P x r

1 − (1+r)−^n

where p is the loan amount = $220,000

r = 4.3per cent or 0.043 % interest rate per year,

on monthly basis r will be 0.043/12=0.00358%

n = 30 year, which is 30 x 12 months= 360 months

M= $220,000 x 0.00358

1 - (1+0.00358 ) ^ - 360

M=$220,000 x 0.00358

1- 0.2762

M = $220,000 x (0.00358 /0.7238)

M = $220,000 x 0.0049461

M = 1,088.12

Monthly payments will be $1,088.12

You might be interested in

The following information relating to a company's overhead costs is available. Actual total variable overhead $ 73,000 Actual to

Andrei [34K]

Answer: $2,000 favorable

Explanation:

Total variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Budgeted variable overhead = Budgeted machine hours allowed for actual output * Budgeted variable overhead rate per machine hour

= 30,000 * 2.50

= $75,000

Total variable overhead variance = 75,000 - 73,000

= $2,000 favorable

Favorable because the actual amount was less than the budgeted one.

6 0

2 years ago

Balance sheets usually classify assets into at least two major categories: current assets and

astraxan [27]

Answer:

False

Explanation:

Balance sheets relate to balance and expenditure over a period.

6 0

3 years ago

Algebra with pizzazz why are small balloons cheaper than large balloons

Afina-wow [57]

Small balloons are cheaper than large balloons because THERE'S BEEN LESS INFLATION.

I found this answer after answering a series of polynomials that has to be factored. I'm not really that sure, but the formation of the letters made me deduce the answer.

to check, see attachment and answer the polynomials yourself.

Download pdf

7 0

3 years ago

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;

iVinArrow [24]

Answer:

supply curve to the right.

Explanation:

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.

On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.

4 0

3 years ago

Cash outflows for McKinney Publishing in 2020 included:________. $347,000 in salaries to authors. $180,000 in fees to contracted

Marat540 [252]

Answer: $527,000

Explanation:

Salaries to authors = $347,000

Fees to contracted editors = $180,000

Copyrights obtained = $83,000

Purchase of a new printing warehouse = 1.3 million

Upgrade of current printing equipment = $560,000

McKinney Enterprises expense will be:

= Salaries to authors + Fees to contracted editors

= $347,000 + $180,000

= $527,000

4 0

2 years ago