1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RoseWind [281]
3 years ago
9

You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?​

Business
1 answer:
Fittoniya [83]3 years ago
7 0

Answer:

The correct answer is "$10,607.92".

Explanation:

Given:

Amount borrowed,

P = 100000

Interest rate,

r = 10%

or,

 = 0.1

Time,

= 30 years

Now,

The annual payment will be:

⇒ A=P\times \frac{r(1+r)^n}{(1+r)^n-1}

       =100000\times \frac{0.1(1+0.1)^{30}}{(1+0.1)^{30}-1}

       =10,607.92 ($)

You might be interested in
I am the head of a major company and it has been brought to my attention that
Sphinxa [80]
Step one investigate / question to figure out the problem. Step two once you figure out the problem brainstorm solutions \ enforce. Step three apply the solution in your work facility.
4 0
3 years ago
Karina looked at her paycheck stub. Her gross pay was $245 and her net pay was $200. How much did she have in deductions?
sammy [17]
How much did she have in deductions? $45
7 0
3 years ago
Read 2 more answers
gdp is the best measurement of a country's economy. explain why you agree or disagree with this statement
Sonja [21]
GDP is designed to assess the production of goods in a market economy by output. However, it is not efficient in accounting for public and private services that without output that are easily countable by the number of units produced. GDP is not also well suited in measuring improvements in the diversity and quality of goods and services. It is also poor in estimating the depletion of resources. Finally, it doesn't also reflect the degradation of the environment involved in the production process.
3 0
3 years ago
Which one is the best choice. Please explain why. I’ll give extra points.
S_A_V [24]

Answer:

10

Explanation:

Surplus for Donovan: 10 - 4.50 = 5.50

Surplus for Rudy: 8 - 4.50 = 3.50

Surplus for Mike: 6 - 4.50 = 1.50

Surplus for Royce: 4 - 4.50 = -0.50

Sum of all surpluses: 5.50+3.50+1.50-0.50=10

7 0
2 years ago
1. Assume that the money demand function is (M / P)d = 2,200 – 200r, where r is the interest rate in percent. The money supply M
Wittaler [7]

Answer:

r= 3

Explanation:

Due that the level price does not changed, the first thing that you have to do to find the equilibrium is put the two equations with an equal

Money demand =Supply of money

2,200 – 200 r= 2,000

Now you have to find the value of r and you have to clear the formula and first you have to:

2,800- 2,200 = 200r

Now that you have the number together you have to apply the operation

600 = 200r

As the 200 is multiplying the r you have to pass the 200 to divided the 600

r= (600/200)

r= 3%

The interest rate is 3%

3 0
3 years ago
Other questions:
  • Light-emitting diode (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical
    14·1 answer
  • Green hybrid auto corporation pays its executives an excessive amount relative to what lower-level employees at the company rece
    15·1 answer
  • lpha Corporation is interested in expanding its operations to South Africa. Alpha finds a South African company that is in a sim
    8·1 answer
  • The _____ directs managers to maximize profit and shareholder wealth and recognizes only legal limitations on the pursuit of pro
    5·1 answer
  • Lake House. Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and
    14·1 answer
  • • What is a “Vocational qualification”? .​
    10·2 answers
  • In November 2017, Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.62%. Recognizing that coupons
    15·1 answer
  • A list of sources that is used for in-text citations that usually appears at the end of the document is called
    13·1 answer
  • Name four equipment that can be used in preparing a bill
    14·2 answers
  • Enterprise social networks have changed communication channels within corporations in all of the following dramatic ways except
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!