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2 years ago

When writing a check, you complete all of these steps except for _____.

Business

1 answer:

drek231 [11]2 years ago

6 0

Answer:

SIGNING THE BACK OF THE CHECK

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Home loans typically involve "points," which are fees charged by the lender. Each point charged means that the borrower must pay

nirvana33 [79]

Answer:

Ans. The effective annual interest rate charged on the loan is 12.99% effective annually. (Please see the attached excel spread sheet)

Explanation:

Hi, attached is the amortization table that I made for this case. Notice that there is a yellow and green cell, the yellow one is the result of using the "IRR" function of MS Excel which provides an effective monthly rate, since the payments are made every month, then we have to transform that monthly effective rate into an effective annual rate, this is the formula to use.

$EffectiveAnnual=(1+EffectiveMonthly)^{\frac{1}{12} } -1$

That is:

$EffectiveAnnual=(1+0.012267477)^{\frac{1}{12} } -1=0.12986448$

Which we round to 12.99% effective annually.

Finally, notice that I didnt use the payments to find the effective rate, I used the cash flow, that was because you didn´t receive all the 100K (the fee, remember?), you received $98,000.

Best of luck.

Download xlsx

3 0

3 years ago

Hedge funds are low risk because they are market-neutral. low risk if they buy Treasury bonds. low risk because they hedge their

erastovalidia [21]

Answer:

Hedge funds are: high risk, even though they may be market-neutral.

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4 years ago

What human relations skills is most clearly related to communication?

Wewaii [24]

The answer is Hearing. On the off chance if the mouth is open, the ears cannot listen. Hearing and talking go as an inseparable unit, on the off chance that you cannot talk no one can comprehend what you need either.

I hope this helped ^_^

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3 years ago

Can someone help me with numbers 17 - 22 or check if I got it right ? This is accounting

Svetllana [295]

Hard dm me and I know what it is for sure

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3 years ago

How can the lassez-faire doctrine be described?

nydimaria [60]

Answer: c) a free market with limited government regulation of business

Explanation:

Lassez-faire doctrine is a doctrine in an economy system in which government interference is limited or reduced to the minimum. The economic system in a lassez-faire economy is determined by the market forces. Thus, if businesses are allowed to function or operate on their own, compete with one another and so on, production and exchange will be better.

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3 years ago

Read 2 more answers