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DaniilM [7]
3 years ago
8

A bank has agreed to lend you $127,800 for a home loan. The loan will be fully amortized over 57 years at 12.98%, with .13 point

s. The loan payments will be monthly. The closing cost is estimated to be $2,168.
Calculate the APR.
A bank has agreed to lend you $524,000 for a home loan. The loan will be fully amortized over 40 years at 5.33%, with .58 points. The loan payments will be monthly. The closing cost is estimated to be $2,579 and you plan to refinance the mortgage in 6 years.
Calculate the prepaid interest.
Business
1 answer:
ikadub [295]3 years ago
8 0

Answer:

ARP = 13.2184 %

Prepaid interest = $3,057.66

Explanation:

The ARP stands for annual percentage rate. It is defined as the amount of interest that one has to pay annually for the total mortgage loan he or she takes. In the question, the ARP will be  13.2184 % for a loan amount of $127,000 at the rate of 12.98% that will be amortized in 57 years with 0.13 points.

The prepaid interest is the interest amount the borrower pays for the loan he takes before the first scheduled of the debt repayment. In the question, the prepaid interest amount is $3,057.66 for the loan amount $524,000 to be amortized in 40 years with 0.58 points and at 5.33%.  

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ynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses mac
Harrizon [31]

Answer:

$270,000

Explanation:

Calculation for the amount of Machining cost assigned to Product A

Using this formula

Machine cost=Machine hours*Activity rate

Let plug in the formula

Machine cost=1,800*$150

Machine cost =$270,000

Therefore the amount of Machining cost assigned to Product A will be $270,000

5 0
3 years ago
One of your customers is delinquent on his accounts payable balance. youâve mutually agreed to a repayment schedule of $660 per
Ahat [919]
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months

5 0
3 years ago
Assume that the price of a European call expiring in six-month with a strike price of $30 is $2. Suppose that the underlying sto
Komok [63]

Answer:

correct option is c. $2.51

Explanation:

given data

strike price of $30 = $2

underlying stock price = $29

dividend = $0.50

risk-free rate = 10%

solution

we use here pit call parity  that is

c - p = s - k e^{-rt} -D    .....................1

S is current price and c is call premium and r is rate and t is time

so price of put p will be

p = c-s + k e^{-rt} + D

put here value and we get

p  = 2 -29 + 30  e^{-0.1*0.5} + 0.5  e^{-0.1*2/12}  + 0.5 e^{-0.1*5/12}

p  = 2.508

p = $2.51

so correct option is c. $2.51

8 0
3 years ago
The objective of the company that manufactures liqueur is to grow its international business. To determine its success, it compa
mote1985 [20]

Answer:

Standard.

Explanation:

In the context above, it can be seen that the 1988 was been provided to be a standard for growth and high export year against all other years. Therefore, in a bid to improve its manufacture growth, different things are expected to change back or better than the model or steps that are been used. Objectives to determine a huge success in the current project is seen to be in a cue with that of the year discussed above.

6 0
3 years ago
To maximize profit, the perfectly competitive firm charges a price equal to __________ while the monopolist charges a price ____
belka [17]

To maximize profit, the perfectly competitive firm charges a price equal to the marginal cost while the monopolist charges a price greater than the marginal cost.

The monopolist will select the profit-maximizing level of output where MR = MC, and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.

In a monopolistically competitive market, the rule for maximizing profit is to set MR = MC and the price is higher than marginal revenue, not equal to it because the demand curve is downward sloping.

Learn more about monopolists at

brainly.com/question/13113415

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5 0
1 year ago
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