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2 years ago

11

Many checking accounts offer multiple ways of accessing money in addition to checks. Which of these can be used to access money

in a checking account?
debit card
credit card
certificate of deposit
passbook

2 answers:

Artemon [7]2 years ago

4 0

Debit card can be used to access money in a checking account.

Vesna [10]2 years ago

3 0

Debit card , passbook

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Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would reduce the payment to $948. 75.

d1i1m1o1n [39]

The time taken to break even at buying 1 point will be in<u> 9 years</u>.

Given,

Monthly mortgage payment =$958
Monthly payment will be reduced to buy 1 point =$948.75
Cost of each point =$1,000

Computation:

1. The computation of the reduced amount in the monthly mortgage payment:

$\begin{aligned}\text{Reduced Amount}&=\text{Original Payment}-\text{Reduced Payment}\\&=\$958-\$948.75\\&=\$9.25\end{aligned}$

2. The computation of yearly mortgage payment:

$\begin{aligned}\text{Yearly Mortgage Payment}&=\text{Reduced Amount}\times\text{Total Months in a Year}\\&=\$9.25\times12\\&=\$111\end{aligned}$

3. The computation of the number of years for the break-even by buying 1 point:

$\begin{aligned}\text{Number of Years}&=\dfrac{\text{Cost of Point}}{\text{Amount og Yearly Mortgage Payment}}\\&=\dfrac{\$1,000}{\$111}\\&=9.00\;\text{Years}\end{aligned}$

Therefore, to break even by buying 1 point the holder requires 9 years to reach.

To know more about mortgage payments, refer to the link:

brainly.com/question/1542555

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1 year ago

What explanations have economists offered for why firms don't raise prices when doing so would seem to increase profits? Firms

motikmotik

Answer: To keep the customer base

Explanation: The consumers find it unfair when the firms increase their prices continuously even though there was an increase in demand from the last increase in price.

Although, Customers do not mind when the prices are increased due to an increase in cost to the supplier. Therefore,unnecessary increase in price might result in loss of popularity of the product and further the loss of customer base.

That's the reason why firms do not increase their prices even though it will increase their profits.

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2 years ago

What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment

Doss [256]

Answer:

$882.03

Explanation:

Interest rate used is 7.23%

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 to 12 = 58

cash flow in year 13 = 1058

I = 7.23

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

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2 years ago

Which example involves a real-world restriction that can affect your decision-making process?

ankoles [38]

Answer: Your answer would most likely be C. Physical attributes.

Explanation:

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2 years ago

______ are used to accumulate and report the effects of each different business activity separately rather than combining the va

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The accounting item that is used to perform the activity of accumulating and reporting transactional effects is <u>Accounts</u>.

<h3>What is an Account?</h3>

This is record that allows for the recording of business activities.
Is shown in ledger books depending on which general activity it relates to.

Accounts allow us to accumulate information related to a business transaction in such a way that all information related to that transaction are located in the same place.

In conclusion, this is an account.

Find out more on accounts at brainly.com/question/24702831.

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1 year ago