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
kumpel [21]
2 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]2 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

You might be interested in
A feedback technique in which an employee is appraised by her boss, peers, subordinates, and possibly clients is called a ______
matrenka [14]

Answer:

360 degree assessment.

Explanation:

360 degree assessment. -  it is that type of assessment which include feedback from the higher official on the basis of their skills, innovation etc as a positioned of leader or manager etc.

The main purpose of this assessment is to assess the strong point and weak point of any leader on different level. it is essential for any organisation to evaluate the strong point of their employee on different level so that their strength can be use for the betterment of organisation.

3 0
3 years ago
John occasionally borrows the car of his friend, Sophie. Sophie has a PAP with liability limits of 100/300/50. John also has a P
Tamiku [17]

Answer:

Sophie's policy will pay up to its maximum amount of $100,000 and John's policy should pay the rest ($200,000).

Explanation:

Personal Auto Policies (PAP) provide coverage in case of injury to the insured or other third parties involved in a car accident. PAP policies provide coverage even when you occasional borrow a car. If you regularly drive someone else's car you need extended non owned liability coverage endorsement.

3 0
3 years ago
When silicon chips are fabricated, defects in materials (e.g., silicon) and manufacturing errors can result in defective circuit
lakkis [162]
<span>"Stuck-at-0 fault" is a term used to describe what fault simulators use as a fault model to simulate a manufacturing defect. When "stuck-at-fault-0" occurs, one of the wires is broken, and will always register at logical 0</span>
6 0
3 years ago
The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc
mafiozo [28]

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

In Accounting, an internal control is a mechanism, procedure, rule or policy designed by management to secure assets, promote efficiency, ensure accountability and prevent fraudulent behavior in an organization.

The main goal of auditing internal control is to evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

6 0
3 years ago
The store purchases used goods for resale from people that bring items to the store. since that can occur anytime that the store
KiRa [710]
That doesnt seem right
5 0
3 years ago
Other questions:
  • One of the benefits of career planning as a young adult is
    5·1 answer
  • Ziegler corporation purchased 25,000 shares of common stock of the sherman corporation for $40 per share on january 2, 2017. she
    9·1 answer
  • I need help writing a witness statement. I am a domestic abuse therapist in a mock trial and i need to write a witness statement
    11·1 answer
  • The exchange rate is the opportunity cost at which goods are produced domestically. balance-of-trade ratio of one country to ano
    11·1 answer
  • Spring is here, and Ginny and her uncle would like to go fishing for the weekend in New Hampshire. Ginny could either go to the
    5·1 answer
  • What is the cost of goods sold given the following information? Beginning Work in Process 125,000 Beginning Finished Goods 78,00
    14·1 answer
  • 1. What PECs must she possess if there are customer who complain about the quality of her product???
    10·1 answer
  • Net exports equal
    9·1 answer
  • Sedentary muscles should be braised to make them become tender.
    13·1 answer
  • A master franchisee, in addition to having the right to open and operate a specific number of locations in a particular area, al
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!