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Gnesinka [82]
2 years ago
10

The price of a ranchette estate is $260,000. The bank requires a 15% down payment and 3 points at the time of closing. The cost

of the ranchette is financed with a 30-year fixed-rate mortgage at 7.45%. What is the mortgage amount? *
Business
1 answer:
coldgirl [10]2 years ago
8 0

Answer:

Missing word<em> "and the cost of one point at the time of closing"</em>

<em />

Down payment = $260,000*15%

Down payment = $260,000*0.15

Down payment = $39,000

Amount of mortgage = $260,000 - $39,000

Amount of mortgage = $221,000

Cost of 3 point at the time of closing = 3% of amount of mortgage

Cost of 3 point at the time of closing = 3% * $221,000

Cost of 3 point at the time of closing = $6,630

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A manufacturing company is considering a capacity expansion investment at the cost of $258,388 with no salvage value. The expans
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Answer:

33,610.42  units

Explanation:

For computing the minimum annual production rate first we have to determine the annual worth by using the PMT formula which is shown below:

Given that

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The formula is shown below:

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The present values comes in a negative

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So, the revenue should be

= $53,074.32 + $28,599

= $81,673.32

Now the minimum annual production rate is

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2 years ago
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Natalka [10]
Voted into her job.
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How many Colgate options were outstanding as of December 31, 2013? Please provide your answer in thousands, without comma separa
il63 [147K]

Answer:

68000

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Colgate has options outstanding amount to 68000 in 2013. The weighted average exercise price of sock option outstanding is $47.15. Out of 68000 the 54800 option are available for issuance and rest 13000 are restricted stock which are ready for issuance under Incentive Compensation Plan.

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According to the United Nations' Human Development Index, many countries with very high development are located in _____.
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The answer is Europe and Australia.
 
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3 years ago
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