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kumpel [21]
3 years ago
12

You've decided to buy a house that is valued at $1 million. You have $350,000 to use as a down payment on the house, and want to

take out a mortgage for the remainder of the purchase price. Your bank has approved your nterest rate (called the $650,000 mortgage, and is offering a standard 30-year mortgage at a 10% fixed nomina loan's annual percentage rate or APR). Under this loan proposal, your mortgage payment will be ___________per month.
a. $7,700.43
b. 7130.03
c. 8841.23
d. 5704.02
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

d. 5704.02

Explanation:

Nper = 30*12 = 360

Rate = 10%/12 = 0.008333

PV = 650,000

Using the MS Excel function:

Monthly payment = PMT(RATE, NPER, -PV)

Monthly payment = PMT(10%/12, 360, -650000)

Monthly payment = $5,704.02

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When the government changes either its spending or tax policy to pursue economic objectives, it has changed its:___.
Debora [2.8K]

Answer:

A. fiscal policy. and C. monetary policy.

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2 years ago
For the budget period ending December 31 of the current year, Aaron Corporation estimates its ending balances for cash as $4,000
jek_recluse [69]

Answer:

The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

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3 0
3 years ago
Buckshot Electronics is a chain of electronics superstores that is located throughout California. They have 15 locations concent
prisoha [69]

Answer:

Explanation:

Given that:

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Answer:

4,5,6

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