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natta225 [31]
3 years ago
13

Teresa is considering purchasing a home for $220,000 by taking out a loan with an interest rate of 4.3% for 30 years. What would

her monthly payment be?
Use the monthly payment formula to calculate the monthly payment for this loan:

M =
M = monthly payment

P = principal

r = interest rate

t = number of years



$896.25
$1,088.72
$1,868.70
$2,069.75
Business
1 answer:
Alex Ar [27]3 years ago
8 0

Answer:

$1,088.72

Explanation:

This is an annuities situation. The applicable formula is

M  = PV   ×   <u>    r         </u>

                     1 − (1+r)−n

where p = $220,000

r = 4.3% interest rate per year,  Converted to monthly rate = 4.3/100 /12=0.00358

r = 30 year, which is 30 x 12 months= 360 months

M= $220,000  x <u> 0.00358        </u>

      1  - (1+0.00358 ) ^ - 360

M=$220,000 x  <u> 0.00358     </u>

                            1- 0.2762

M = $220,000 x (0.00358 /0.7238)

M = $220,000 x 0.0049461

M = 1,088.12

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kondor19780726 [428]

Answer:

The correct answer is: b, c and d.

Explanation:

Internal controls are are policies or processes put in place by the management arm of a company to ensure that the goals set by the firm are achieved both in the long term and short-term. These processes ensure safe custody of assets, reliability in financial information provided or used by the firm, compliance with regulations as well as  effectiveness and efficiency in the day to day operations. With this in mind, maximisation of management compensation is not a goal of internal controls. According to COSO, there are 3 main goals of internal controls: to ensure effectiveness and efficiency of operations, reliability of financial reporting and compliance with laws and regulations.

4 0
4 years ago
It can be referred from the text that ...
Contact [7]

This question is incomplete because the text is missing; here is the missing part:

Text 1

1. Remove the back cover, using a small screwdriver to loosen the screw

2. Remove batteries and replace with two new AAA batteries. use the + and - signs to position correctly. dispose of used batteries properly.

3. Replace the cover and tighten the screw with the screwdriver

4. Reset the time using the side buttons

The GMX 200 is guaranteed to keep time accurately for one full year from date of purchase should it malfunction in any way during this time period, your money will be refunded in full.

The correct answer to this question is C. The users will get full refund if there is malfunction during the guarantee period.

Explanation:

This text provides instructions to change the battery in a GMX 200, which can be inferred it is a clock or similar device. This text explains the different steps users need to follow to change batteries. Moreover, in the last section of the text, it is clarified if there is any failure during the first year, which is the guaranteed time "your money will be refunded in full". According to this, it can be inferred during this time any malfunction implies the user gets a complete refund (option C.)

6 0
3 years ago
How do corporate bonds affect the economy
zheka24 [161]

Answer:

Bonds affect the U.S. economy by determining interest rates, which affect the amount of liquidity and determines how easy or difficult it is to buy things on credit or take out loans for cars, houses, or education

<h2>Please mark me as brainliest</h2>

7 0
3 years ago
A concentration of minerals that could now be legally mined at a profit is called a.
lorasvet [3.4K]

Answer:

Reserve. resource

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concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.

7 0
2 years ago
zephyr inc. sells wind based systems for generating electricity. the company pays no dividends, but you estimate the stock will
Sever21 [200]

The price should you be willing to pay for this stock is $24.86

<h3>Zephyr Inc. sells wind based systems for generating electricity. The company pays no dividends, but you estimate the stock will be worth $50 per share 5 years from now and you require a 15% rate of return for stock investments of this type. What price should you be willing to pay for this stock?</h3>

A) $12.50.

B) $24.86.

C) $43.48.

D) $57.50.

Solution:

The price that will be paid for this stock can be calculated as follows:

50= x (15/100^5)

50= x (0.15+1^5)

50= x (1.15^5)

50= 2.0113x

Divide both sides by the coefficient of x

= 50/2.0113

= 24.86

Thus, the price that will be paid for the stock is $24.86

To learn more about the sum, refer

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4 0
2 years ago
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