5% if I am correct please tell me if I am! Thank you!
Answer: $79.30
Explanation:
Cost of the house = $96400
Down payment = 25% × $96400 = $24100
Mortgage = $96400 - $24100 = $72300
Interest = 5.5%
Time = 5 years
Monthly payment.= $410.66
The interest for first payment will be:
= $72300 × 5.5% × 1/12
= $72300 × 0.055 × 0.08333
= $331.36
Therefore, the amount of the first monthly payment is used to reduce the principal will be:
= $410.66 - $331.36
= $79.30
Short term goals can be done quicker and longer term goals take a bit more longer depending the goal the person chose
these are some benefits Keep track of multiple areas of interest. If you want to write extensively about your day-to-day life, your exercise goals, the movies you see, and the places you visit, you might feel more organized if you have a separate place to write about each topic.
Benefits are all perks offered to employees in addition to their salary. The most common benefits are health insurance, disability insurance, and life insurance. retirement benefits; paid time off; and fringe benefits.
An example of a benefit is a payment you receive from an insurance company if your house burns down. An example of a benefit event is a fundraiser dinner for the Susan G. Komen Foundation. helpful staff. Advantage; Financial Support; To Win; Privilege; Profit.Benefits Definition: Customer-oriented strengths of a product or service. Descriptions of valuable products or service feature that focus on what the customer gets out of the product.
Learn more about benefits here
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Answer:
Net cash flows from financing activities $1,311,000.
Explanation:
The computation of the amount that would be reported on the financing activities of the cash flow statement is as follows:
Issue of common stock(22,000 shares × $40) $880,000
Less: payment of dividend ($53,000)
Add: Issue of the long term note payable $484,000
Net cash flows from financing activities $1,311,000.
