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
sergiy2304 [10]
3 years ago
5

Compare two loans:Loan 1: $175,000; 8% annual (monthly payments); 30 years.Loan 2: $175,000; 7% annual (monthly payments); 15 ye

ars.If you pay an additional $250 per month in additional principle on Loan 1 ONLY, which loan pays off sooner
Business
1 answer:
Nitella [24]3 years ago
4 0

Answer:

Following are the responses to the given question:

Explanation:

For the First loan payment period is value:

\to NPER(\frac{8\%}{12},-250-PMT(\frac{8\%}{12},12\times 30,-175000),175000)=215\  months

For the second loan payment period is value:

\to 15\times 12=180 \ months

that's why the loan will be paid off soon.

You might be interested in
On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Crane declared a 10
Sati [7]

Answer:

See below.

Explanation:

Assuming an initial outstanding common shares of 100,000

100% stock dividend means that another 100,000 shares have been issued,

Total outstanding shares then are = 100,000+100,000 = 200,000

Earnings per share = Net Income / Total shares

EPS = 1,130,000 / 200,000

EPS = $5.65/share

You can compute this by inputting any number of shares and increasing the total number by a 100%.

Hope that helps.

4 0
4 years ago
Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determi
Anvisha [2.4K]

Answer: $1,000,000

Explanation:

Risk impact assessment refers to the method of assessing the probabilities of a particular risk and its consequences in case they are realized.

Based on the question, since there's an estimate that a large ransomware attack would cause approximately $1,000,000 in damagez then the estimated threat impact is $1,000,000.

5 0
3 years ago
Mayes Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,800
Vikki [24]

Answer:

a I honestly don't know my brothers

6 0
3 years ago
After creating awareness that the firm's products or services exist, the next goal of integrated marketing communications is to
ludmilkaskok [199]

Answer:

increase the level of interest among consumers.

Explanation:

Integrated marketing communications has this basic idea the basic idea is to make sure they're all types of communications and messages I welded together they have to be well link together so that all promotional tools can work together in harmony.

The aims of integrated marketing communication includes

1. The creation of a brand awareness

2. Generating interest for products among the customers

3. Raising desire for the product

4. Trying to create sales of these products.

The answer to this question is increase the level of interest among consumers.

3 0
3 years ago
XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; S
Molodets [167]

Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable

<h3>What is the labor efficiency variance?</h3>

This can be found as:

= (Actual hours x Standard rate) - (Standard hours x Standard rate)

Solving gives:

= 83,000 - 85,000

= $2,000 unfavorable

Find out more on the labor efficiency variance at brainly.com/question/27404735

#SPJ1

5 0
2 years ago
Other questions:
  • Jazz Co. pays a dividend of $2,300 Required: For the transaction above, complete the following: (a) Select the accounts that are
    5·1 answer
  • The Housing Financial Discrimination Act (Holden Act) prohibits all financial institutions from discriminating in real estate lo
    12·1 answer
  • _____ is defined as the relationship between benefits and the sacrifice necessary to obtain those benefits.
    11·1 answer
  • A social welfare program that people can use if they meet certain eligibility requirements is called _____.
    11·2 answers
  • Can any moderator take down my last question?
    9·1 answer
  • Why do people care about their social status?
    5·1 answer
  • During the heavy Christmas shopping season, sales of retail stores, online sales firms, and other merchants rise significantly.
    10·1 answer
  • An insured is covered under a Medicare policy that provides a list of network healthcare providers that the insured must use to
    12·1 answer
  • Jayda started a corporation that creates software products for clients. Which statement correctly reflects Jayda’s role in the c
    5·1 answer
  • Describe the importance of section officer​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!