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denis23 [38]
3 years ago
15

A bank has agreed to lend you $53,000 for a home loan. The loan will be fully amortized over 39 years at 13.50%, with .44 points

. The loan payments will be monthly. The closing cost is estimated to be $3,894 and you plan to refinance the mortgage in 8 years. Calculate the actuarial rate.
Business
1 answer:
Natali [406]3 years ago
8 0

Answer:

the actuarial rate is $599.44

Explanation:

The computation of the actuarial rate is given below:

= $53000 × 1.13% × (1+1.13%)^468) ÷ ((1 + 1.13%)^468 - 1)

= $599.44

The 1.13% comes from

= 13.50% ÷ 12

= 1.13%

And, the 468 comes from

= 39 × 12

= 468

Therefore the actuarial rate is $599.44

The same is to be relevant

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Answer:

the price that can be affordable for every one and it should be by the opinion of the common people and labours

4 0
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At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred sto
Vaselesa [24]

Answer:

The correct answer is $22.5

Explanation:

According to the scenario, computation of the given data are as follows:

We can calculate the price of stock by using following formula:

Price of stock = (Net Income ÷ No of Shares) × PE Ratio

By putting the value in the formula, we get

Price of stock = ( $1,500,000 ÷ $1,000,000) × 15

= $1.5 × 15

= $22.5

6 0
4 years ago
Assume that IBM leased equipment that was carried at a cost of $67,000 to Crane Company. The term of the lease is 5 years Decemb
maw [93]

Answer:

Date                    Account Title                                 Debit                 Credit

Dec. 31, 2019     Lease Receivable                       $97,001

                           Cost of Goods sold                    $67,000

                           Sales Revenue                                                      $97,001

                           Inventory                                                                $67,000

Date                    Account Title                                 Debit                 Credit

Dec. 31, 2019      Cash                                          $22,879

                            Lease Receivable                                                 $22,879          

4 0
3 years ago
Mike wants to study why men choose to go into nursing careers. He theorizes that these men have decided that the benefits of nur
Alex

Answer:

Rational Choice Theory

Explanation:

The philosophy of rational choice is predicated on the idea of optimizing the human benefit for personality-interest.

In this Situation, Mike confused between nursing and other career options will studying, mike uses Rational Choice Theory  , between better pay Options and long working hours.

This theory also reflects a high demand for human benefit over the good payoff.

7 0
3 years ago
The inventory data for an item for November are:a. Nov. 1: Inventory 20 units at $19b. Nov. 10: Purchased 30 units at $20c. Nov.
Zigmanuir [339]

Answer:

the cost of the merchandise sold for November if the company uses LIFO is c. $590

Explanation:

LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.

<u>Cost of the merchandise sold for November - Calculation</u>

November 4 : 10 units × $19    =$190

November 17 : 20 units × $20 =$400

Total                                          =$590

4 0
3 years ago
Read 2 more answers
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