The outstanding balance of the mortgage loan is $193,939.29.
<h3>What is
mortgage loan?</h3>
A mortgage loan is a type of loan that enables an individual to purchase a home and are provided by either a mortgage lender or bank.
Present value of annuity = Annuity [1 - (1+interest rate/12)^-(12*time period)]/(rate/12)
Present value of annuity = $1449*[1-(1+0.07625/12)^-(12*25)]/(0.07625/12)
Present value of annuity = $1449*[1-(1+0.00635416667)^-(300)]/0.00635416667
Present value of annuity = $1449*[1-(1.00635416667)^-(300)]/0.00635416667
Present value of annuity = $1449*[1-0.149535834]/0.00635416667
Present value of annuity = $1449*133.843541
Present value of annuity = $193,939.29
In conclusion, the outstanding balance of the mortgage loan is $193,939.29.
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<em>brainly.com/question/1318711</em>
Answer:
1. P = $156,560; Q = $203,440
2. P = $90,320; Q = 149,680
3. P = -$43,500; Q = $3,500
Explanation:
The explanation is given in images for each situation:
Answer: Sold at a discount because the market interest rate was higher than the stated rate. S
Explanation:
the bonds was Sold at a discount because the market interest rate was higher than the stated rate. This is as a result of the bonds issued which were at a discount having its market price way lower than its face value. Bonds tends to be sold at a discount when the market interest rate has exceeded the stated rate of the said bond.
Based on the scenario, the most likely impact on these
trends on the profits of Green Restaurants is that there will be a lower cost present
by which this will likely lead their restaurant to gain and increase their
profits, having a higher profits.
