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3 years ago

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If an insurance policy covers individual losses up to $2000 and has a deductible of $200, the insured will be paid how much in t

he event of a covered loss of $2500
A. $2,300

B. $2,000

C. $1,800

D. $2,500

1 answer:

Neko [114]3 years ago

8 0

Answer:

#2,500 is the answer of this question

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WITCHER [35]

The amount of money he will save by paying an extra $15,000 upfront is $11,974.80.

Loan = Cost - Down payment

Loan = $145,000 - $15,000

Loan = $130,000

<u>Given Information</u>

P/Y= 12, C/Y=12

N= 30*12= 360

I/Y = 4.38

PV= -130,000

Monthly payment = PMT(C/Y, N, I/Y, -PV)

Monthly payment = $649.45

Total interest over the whole term = Monthly payments * Number of payments - Loan

Total interest over the whole term = $649.45*360 - $130000

Total interest over the whole term = $103,802

If waited to have down payment of $30,000: The Loan= $145,000 - $30,000 = $115,000

<u>Given information</u>

N= 30*12= 360

I/Y = 4.38

PV= -115,000

Monthly payment = PMT (N, I/Y, -PV)

Monthly payment = $574.51

Total interest over the course of the mortgage = $574.52*360 - $115,000

Total interest over the course of the mortgage = $91,827.20

Money saved by paying extra $15,000 upfront = $103,802 - $91,827.20

Money saved by paying extra $15,000 upfront = $11,974.80

Therefore, the amount of money he will save by paying an extra $15,000 upfront is $11,974.80.

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Why is project management so important in any field?

Masteriza [31]

Project management is important because it ensures proper expectations are set around what can be delivered, by when, and for how much. ... Effective project managers should be able to negotiate reasonable and achievable deadlines and milestones across stakeholders, teams, and management.

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3 years ago

Real property can not be turned into personal property by any method. group of answer choices true false

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Real property cannot be was private property by any method. false because Severance is changing an item from real property to non-public belongings with the aid of detaching it from the land.

Real property is a parcel of land and everything is permanently attached to the land. The owner of real belongings has all the rights of ownership, consisting of the right to possess, sell, lease, and enjoy the land.

Examples of real property are buildings, canals, crops, fences, land, landscaping, machinery, minerals, ponds, railroad tracks, and roads. actual assets consist of undeveloped lands, like a wooded area or a subject, and include buildings, which include houses, condominiums, and office homes. real assets also consist of matters related to the land, like subsurface rights. There are two primary categories of property: actual and private.

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2 years ago

Kevin lives in New York City and runs a business that sells pianos. In an average year, he receives $735,000 from selling pianos

Tom [10]

Answer:

Implicit Cost and Explicit Cost

Identification of Van's cost as either an implicit cost or an explicit cost of selling pianos:

Implicit costs:

The rental income Van could receive if he chose to rent out his showroom

The salary Van could earn if he worked as an accountant

Explicit costs:

The wages and utility bills that Van pays

The wholesale cost for the pianos that Van pays the manufacturer

2. Determining Van's accounting and economic profit of his piano business.

Profit

(Dollars)

Accounting Profit Economic Profit

Sales revenue $735,000 $735,000

Cost of pianos (435,000) (435,000)

Wages and Utility (255,000) (255,000)

Opportunity costs:

Rent (10,000)

Salary as an accountant (24,000)

Profit $45,000 $11,000

3. Alternatively, the economic profit he would earn as an accountant would be_$34,000___.

4. If Van's goal is to maximize his economic profit, he stay in the piano business.

False

5. Van is not earning a normal profit because his profit is negative.

B. False

Explanation:

Van's economic profit or loss is the difference between the revenue received from the sale of the pianos and the costs of all inputs used, as well as opportunity costs of forgone rent revenue and salary income as an accountant. To compute economic profit, opportunity costs and explicit costs are deducted from revenues earned. But to compute accounting profit, only the explicit costs are deducted from revenues earned.

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Which type of checking account pays interest on the mean balance of the

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Answer:

B

Explanation:

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