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andreyandreev [35.5K]
3 years ago
11

Your family is expanding in number, and so you decide to sell your current home and upgrade to a larger home. You estimate that

you can sell your current home for $100,000 and can buy a larger home for $475,000. You plan to use the entire $100,000 sale proceeds as a down payment on the new home and will finance the remainder for 15 years at 4% nominal annual interest compounded monthly. What is your estimated monthly mortgage payment
Business
1 answer:
castortr0y [4]3 years ago
6 0

Answer:

The Estimated Monthly Mortgage Payment

=    $2,810.81

Explanation:

Data and Calculations:

House price = $475,000

Down payment = $100,000

Percentage of down payment = 21.05% ($100,000/$475,000 * 100)

Finance period = 15 years = 180 months (15 * 12)

Nominal annual interest compounded monthly = 4%

The estimated monthly mortgage payment using an online finance calculator:

Monthly Pay:   $2,810.81

House Price $475,000.00

Loan Amount $380,000.00

Down Payment $95,000.00

Total of 180 Mortgage Payments $505,946.54

Total Interest $125,946.54

Mortgage Payoff Date Jan. 2036

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An investment project has annual cash inflows of $4,200, $5,100, $6,300, and $5,500, and a discount rate of 15 percent. a. What
Naddika [18.5K]

Answer:

It will take 1 year and 307 days to cover the initial investment.

Explanation:

Giving the following information:

Initial investment= $6,900

Cash flows:

Cf1= $4,200

Cf2= $5,100

Cf3= $6,300

Cf4= $5,500

Discount rate= 15%

<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>

<u></u>

Year 1= 4,200/1.15 - 6,900= -3,247.83

Year 2= 5,100/1.15^2 - 3,247.83= 608.50

<u>To be more accurate:</u>

(3,247.83 / 3,856.33)*365= 307 days

It will take 1 year and 307 days to cover the initial investment.

6 0
3 years ago
A company's current sales are $300,000 and fixed expenses total $225,000. The contribution margin ratio is 30%. The company has
jeka57 [31]

Answer:

$6,000

Explanation:

The net operating income will increase by $6,000;

$70,000*30%-$15,000=$6,000

As the CM ratio is 30% and $15,000 are fixed expenses,net result will be increase in net operating income.

7 0
3 years ago
Joe sends a scathing email to his boss regarding increased work hours. Joe tries to deny sending the email, but is unable to due
Artemon [7]

Answer:

nonrepudiation.

Explanation:

Non repudiation is assurance that you cannot deny something.

It refers to ensure that a person to contract cannot deny the sending of the message that they originated.

So when Joe sends a withering email to this about the work hours have increased.So when Joe tries to deny sending the mail and unable to deny the sending because of the use of digital signature it is an example of nonrepudiation.

7 0
3 years ago
Which of the following describes the most typical order of entry into foreign markets?
Veronika [31]

Answer:

None of above is the answer. The correct order is: B.exporting, licensing, franchising, joint venture, and wholly owned subsidiary.

Explanation:

Once the company has selected the market or markets to which it will direct its international expansion strategy, it will move on to the phase of choosing the entry form. The decision will depend on the type of product or service to be exported, the financial commitment that the company is willing to assume, as well as the level of control and coordination of international operations.

“The different input methods are determined according to the nature of the control that can be exercised over the distribution channel, over the products and brands that are marketed in the destination country”

3 0
3 years ago
When selecting a candidate, an employer subjectively combines information gathered from interviews, reference checks, and employ
skad [1K]

Answer:

d. All the three selection devices

Explanation:

Civil Rights Act 1991 was an amendment of Civil Rights act 1964. It restructured, restored the act as a strengthening mechanism against skin colour discrimination in employment sector. The legal framework provided strict rules & regulations against any type of employment discrimination, at any stage of recruitment, selection, further procedures.

So, If the employer were sued because selection process had a disparate impact on blacks, the Civil Rights Act of 1991 states that the employer must demonstrate the job-relatedness of all the employment aspects : The interviews, The reference checks, The employment tests.

5 0
3 years ago
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