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2 years ago

When loan payments are amortized, the total amount you owe every month

Business

1 answer:

Naddik [55]2 years ago

8 0

Answer:

Since amortization means the period repayment of a loan, with a specific amount going to the principal and interest payments, the amortization schedule amounts to a total fixed monthly payment of $836.03 over the life of the mortgage loan.

Explanation:

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Different compounding periods, are used for different types of investments. In order to properly compare investments or loans wi

KengaRu [80]

Answer:

Explanation:

The nominal interest rate is quoted by borrowers and lenders-------------

then you can use the APR------------

different compounding periods, then the effective annual rate must------

If a loan or investment uses annual compounding, then the nominal--------

However, if compounding occurs more than once a year, EAR is the effective INOM

Quantitative problem:

Effective annual rate of Bank 2 (assuming its APR is 6%) = (1.015)^4 – 1 = 0.061364

To get the same EAR, Bank 1 should charge per half year 1.061364^(1/2) – 1 = 0.030225

The nominal interest rate (APR)= 0.030225*2 = 0.06045 = 6.05%

4 0

3 years ago

The Magnet Recognition Program for health care organizations is based on fourteen forces of magnetism related to five magnet mod

murzikaleks [220]

Answer: Personnel policies and programs

Explanation:

The personnel policies and the program is refers to the force of magnetism which is used to assess for reviewing the structural empowerment in an organization.

The personnel policies and the programs basically provide an innovation environment where the staff in an organization are empowerment and develop their empirical qualities which include the improvement, knowledge and the innovation.

According to the given question, the personnel policies and the programs are the structural empowerment of an organization that demonstrating the innovations in the health care organization.

Therefore, Personnel policies and programs is the correct answer.

4 0

3 years ago

What is one way that critical thinking can help in career exploration?

Llana [10]

Becoming aware of your assumptions and becoming open to different points of view can help you demonstrate respect for various approaches to work tasks and styles, making it easier for you to build relationships and be successful with others in your career.

8 0

2 years ago

Read 2 more answers

Assume you have two projects with different lives. Project A is expected to generate present value cash flows of $5.2 million an

Alex787 [66]

Answer:

$1,033,190.69 ; better

Explanation:

Given:

Present value of cash flow of Project A (PV) = $5,200,000

Maturity (nper) = 7 years

Required return (rate) = 9%

Annual annuity (pmt) can be computed using spreadsheet function =pmt(rate,nper,PV,FV). Substituting the values, we get,

=pmt(0.09, 7, -5200000)

=$1,033,190.69

FV is 0. Present value is negative as it's cash outflow.

Annual annuity of Project A is $1,033,190.69

Project B:

Given:

Present value of cash flow of Project A (PV) = $3,800,000

Maturity (nper) = 5 years

Required return (rate) = 9%

Annual annuity (pmt) can be computed using spreadsheet function =pmt(rate,nper,PV,FV). Substituting the values, we get,

=pmt(0.09, 5, -3800000)

=$976,951.34

FV is 0. Present value is negative as it's cash outflow.

Annual annuity of Project B is $976,951.34

Annual annuity of Project is more than that of Project B, So Project A is better than Project B.

8 0

3 years ago

JT Inc. produces gourmet frozen dinners for the airline industry. JT has fixed costs of $200,000 and variable costs of $8 per fr

nadezda [96]

Answer:

The operating profit for this year amounts to $ 550,000

Explanation:

Operating Profit is computed below as:

Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)

= $1,950,000 - ($200,000 + $1,200,000)

= $1,950,000 - $1,400,000

= $550,000

Revenue = Number of frozen dinners × Selling Price

= 150,000 × $13

= $1,950,000

Variable Cost = Number of frozen dinners × Cost per frozen dinner

= 150,000 × $8

= $1,200,000

6 0

3 years ago

When loan payments are amortized, the total amount you owe every month​

When loan payments are amortized, the total amount you owe every month