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Dima020 [189]
3 years ago
7

You want to take out a $125,000 mortgage. The interest rate on the mortgage is 5%, and the loan is for 30 years. How much will y

our monthly payments be
Business
1 answer:
Alex787 [66]3 years ago
4 0

Answer: $671.03

Explanation:

The monthly payment will be an annuity because it will be constant. The loan amount will be the present value of the loan.

Periodic interest rate of loan = 5%/12 = 5/12%

Loan period = 30 * 12 months = 360 months

Present value of annuity = Annuity *  ( 1 - ( 1 + rate) ^ -number of periods) / rate

125,000 = Annuity * ( 1 - ( 1 + 5/12%)⁻³⁶⁰) / 5/12%

125,000 = Annuity * 186.2816170

Annuity = 125,000 / 186.2816170

= $671.03

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Thomlin Company forecasts that total overhead for the current year will be $11,742,000 with 164,000 total machine hours. Year to
Basile [38]

Answer:

d.$72 per machine hour

Explanation:

Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined overhead rate = $11,742,000  ÷ 164,000

                                                  = $71.598 or $72

The predetermined overhead rate based on machine hours is $72 per machine hour.

3 0
3 years ago
_____ involves a strategic effort by firms to supply customers with environmentally friendly, sustainable merchandise and servic
masha68 [24]
Sustainability involves a strategic effort by firms to supply customers with environmentally friendly, sustainable merchandise and services. greenwashing eco-marketing greener advertising eco-selling green marketing.

Therefore I think the answer is Sustainability
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8 0
3 years ago
What happens if you pay off an installment loan early​
Yuliya22 [10]

When you pay off an installment loan early you will save money on interest.

The bank charges an interest rate on money that they loan out. When you pay the loan early you do not have to pay the interest on the money for the amount of time left on the loan.

4 0
3 years ago
When a consumer has evaluated alternatives in the purchase decision process and selected one, he still must determine from whom
hammer [34]

Answer:

The correct answer is when to buy.

Explanation:

When a consumer has checked all the alternatives and has made the purchase decision of what to buy, he still needs to decide from whom to buy and at what time or when to buy. This is because the price of assets or goods keeps changing with the passage of time. The change in price depends on market situations at that time.

There are a number of factors that affect the price level in the market. For instance,

  1. Income level
  2. Business cycle
  3. Interest rates

Changes in these factors cause a change in the price of goods and services and other assets.

3 0
3 years ago
Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Tra
ivann1987 [24]

Answer:

The correct answer is option (B).

Explanation:

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

Net income = $110,000

Dividends paid = $60,000

Common stock owns = 15%

So, we can calculate the income for particular investment by using following method:

Income to be recognized = Dividends paid × Common stock owned

by putting the value, we get

= $60,000 × 15%

= $60,000 × 0.15

= $9,000

Hence, the income to be recognized on this investment is $9,000.

6 0
2 years ago
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