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
I think the answer would be futurecasting. It is one method used in strategic planning. It involves the practice of perceiving what you future might be looking at present trends and how would this affect the future. Hope this answers the question.
Answer:
Vern's depletion deduction is $175000
Explanation:
given data
mineral interest = $3,500,000
recoverable units = 500,000
mined = 40,000 units
sold = 25,000 units
depletion rate = 22%
to find out
Vern's depletion deduction
solution
we get here depletion expense that is
depletion expense = 
...........................1
put here value we get
depletion expense = 
depletion expense = $175000
and
percentage depletion = $800,000 × 22%
percentage depletion = $176000
we know that % depletion method is not accept as IRS for certain natural resources
so we use depletion method is use here
Vern's depletion deduction is $175000
Answer:
Demand decreases
Explanation:
Substitute goods are products that can be used in place of each other. Goods are described as substitutes if a customer can use them interchangeably and get equal or almost the same satisfaction. Tea and coffee will be substitutes if a customer can consume either of them and be happy.
If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.
Based on financial analysis, it is <u>False</u> that It's inevitable that budgeting will hinder the enjoyment of life, forcing people to make financial sacrifices.
<h3>What is Budgeting?</h3>
Budgeting Is the process of making a financial plan which includes planning on expenses, revenue, savings, assets, liabilities, cash flow, etc.
<h3>Benefits of Budgeting</h3>
There are various benefits of budgeting, some of which include the following:
- For providing limits or guides to spend.
- To achieve financial goals.
- To prepare for emergencies.
- To aid better retirement, etc.
Hence, in this case, it is concluded that the correct answer is "<u>False</u>."
Learn more about Budgeting here: brainly.com/question/22532334
