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
Karolina [17]
2 years ago
9

You have taken out a $225,000, 3/1 ARM. The initial rate of 5.8% (annual) is locked in for three years and is expected to increa

se to 6.5% at the end of the lock period. Calculate the initial payment on the loan. (Note: the term on this 3/1 ARM is 30 years.)
Business
1 answer:
RoseWind [281]2 years ago
8 0

Answer:

$1,320.19

Explanation:

Loan amount = $225,000

Rate = 5.80%

Years = 30

PMT = ?

Initial payment = PMT(Rate/12, Years*12, -225,000)

Initial payment = PMT(5.80%/12, 360, -225,000)

Initial payment = 1320.185230439806

Initial payment = $1,320.19

Therefore, the initial payment on the loan is $1,320.19

You might be interested in
Jason and Katrina work on the loading dock for Longhaul Transport Company. Jason has a disability. Katrina has seniority. Jason
SSSSS [86.1K]

Answer:

Katrina's seniority is a good defense.

Explanation:

Industrial Jurisprudence

This is refered to as a system of rules and regulations that is used by labor and management fashion to show their specific employment rights and obligations in the work environment.

Seniority System

This is refered to as different rules and procedures usually within an agreement that shows the allocation of certain job situations including promotion, layoff and recall, as well as certain economic benefits based on length of service. This is application to many organizations.

Seniority

This very important measure of employee job security and it start with acquiring seniority on the date & time of hire (cannot be awarded until completion of probationary period).

Jason may lose the case as a result of the seniority system.

5 0
3 years ago
A tax free municipal bond provides a yield of 3.2%. What is the equivalent taxable yield on the bond given a 35% tax bracket
lutik1710 [3]

Answer:

4.92%

Explanation:

Equivalent taxable yield on the bond = Rate / (1-Tax rate)

= 3.2% / 1 - 0.35

= 0.032 / 0.65

= 0.049230

= 4.9230%

= 4.92%

3 0
3 years ago
Scampini Technologies is expected to generate $150 million in free cash flow next year, and FCF is expected to grow at a constan
lianna [129]

Answer:

the stock value per share is $42.86

Explanation:

The computation of the stock value per share is shown below

But before that firm value is

= ($150,000,000) ÷ (12% - 5%)

= $2,142,857,142.86

Now the stock value per share is

= Firm value ÷ number of shares of stock outstanding

= $2,142,857,142.86 ÷ 50,000,000

= $42.86 per share

Hence, the stock value per share is $42.86

8 0
2 years ago
In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of retur
harkovskaia [24]

Answer:

b. go down.

Explanation:

The Formula for Required rate of return Ke = Dividend (D1) / Price. So, increase in price which is denominator will leads to decrease in the required rate of return. Hence, In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will <u>Go down</u>

5 0
3 years ago
Which of the following are characteristic s of customs and usage?
GaryK [48]

Answer:

primary source of law, oral, and repetitive

Explanation:

In legal terms, custom and usage is a doctrine widely used in commercial law, since they are a long established practice which many courts consider unwritten laws. Laws are formal and always written, but custom and usage is not formal nor written.

Usage refers to the general repetition of a certain act, while custom refers to the rules that result from such repetitions and usage.

5 0
3 years ago
Other questions:
  • Wade paid $7,000 for an automobile that needed substantial repairs. he worked nights and weekends to restore the car and spent $
    9·1 answer
  • How did the new deal change the relationship between business and labor?
    13·1 answer
  • What is the best career to go for?
    5·2 answers
  • The epa tries to balance protecting business interests with protecting
    10·2 answers
  • A manufacturing company is thinking about building a new factory. The factory, if built, will yield the company $300 million in
    14·1 answer
  • Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she doe
    13·1 answer
  • Suppose smith wants one ipod no matter what the price is between $0 and $150, jones wants one ipod no matter what the price is b
    10·1 answer
  • How will thinking on the margin help increase the chance of long-term success for your business, even if additional competition
    6·3 answers
  • During a conference call with the corporate office, you are told by a senior executive that you will be going abroad in the next
    11·1 answer
  • Which of the following assumptions would cause the constant growth stock valuation model to be invalid? The growth rate is zero.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!