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nevsk [136]
2 years ago
14

Mr. Jagger is purchasing a $3,000,000 home by borrowing 80% of the purchase price. His loan terms are: 15 years amortization, mo

nthly payments, 5.00% annual interest rate. The monthly payment will be: a. $18,979.05 b. $18,599.47 c. $18,409.68 d. $19,358.63 3.488 points
Business
1 answer:
lions [1.4K]2 years ago
5 0

Answer:

Monthly payment= $18,979.05

Explanation:

Giving the following information:

Loan (PV)= 3,000,000*0.8= $2,400,000

Monthly interest rate (i)= 0.05/12= 0.00416667

Number of periods (n)= 15*12= 180 months

<u>To calculate the monthly payment, we need to use the following formula:</u>

Monthly payment= (PV*i) / [1 - (1+i)^(-n)]

Monthly payment= (2,400,000*0.00416667) / [1 - (1.00416667^-180)]

Monthly payment= $18,979.05

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_________ implies that there are clear links between the performance standards for a particular job and organizational objective
Ksju [112]

Answer:

Relevance

Explanation:

Relevance implies that there are clear links between the performance standards for a particular job and organizational objectives, and between the critical job elements identified through a job analysis and the dimensions to be rated on an appraisal form.

8 0
3 years ago
Read 2 more answers
The closer the smoothing constant, ALPHA, is to 0 the greater the reaction to the most recent demand the greater the dampening,
GenaCL600 [577]

Answer: the greater the dampening, or smoothing effect

Explanation:

The smoothing constant determines the level at which a forecast is influenced by previous observations. It simply determine the sensitivity of forecasts with regards to the changes in demand.

It should be noted that large values of α will lead to a scenario whereby forecasts will be more responsive to the more recent levels. On the other hand, the smaller values will result in a damping effect. Therefore, the closer the smoothing constant to α, the greater the dampening, or smoothing effect.

3 0
3 years ago
A moderately​ risk-averse investor has 50 percent of her portfolio invested in stocks and 50 percent in​ risk-free Treasury bill
Cloud [144]

Answer:

increases and decreases

Explanation:

The budget line will become flat and the slope will decrease. The proportion of stocks in the portfolio will fall.

The equation for the budget line is given by,

Rp=((Rm-Rf)/SDm)*SDp + Rj

where Rp is the expected return on the portfolio, Rm is the expected return from investing in the stock market, Rf is the risk-free return on Treasury bills, SDm is the standard deviation of the return from investing in the stock market, and SDp is the standard deviation of the return on the portfolio.

So when the standard deviation of the return on the stock market increases, the slope of the budget line decreases making the budget line to become flatter. The budget line’s intercept stays the same as Rf does not change. As stocks have become riskier without a compensating increase in expected return, the proportion of stocks in the investor’s portfolio will fall.

6 0
3 years ago
For June, Gold Corp. estimated sales revenue at $400,000. It pays sales commissionsthat are 4% of sales. The sales manager's sal
bogdanovich [222]

Answer:

The budgeted selling expenses for the month of July is $220,000

Explanation:

The computation of the budgeted selling expenses are shown below:

= Sales commission + sales manager's salary +  shipping expenses +  miscellaneous selling expenses

where,

Sales commission = Sales × commission percentage

                              = $400,000 × 4%

                              = $16,000

Shipping expenses = Sales × expenses percentage

                                = $400,000 × 1%

                                = $4,000

The other expenses amount would remain the same

Now put these values to the above formula  

So, the value would equal to

= $16,000 + $190,000 + $4,000 + $10,000

= $220,000

8 0
3 years ago
In early January 2019, Blue Corporation applied for a trade name, incurring legal costs of $15,400. In January 2020, Blue incurr
Andrew [12]

Answer:

2019 Amortization =$1,540

2019 Book Value=$13,860

2019 Amortization =$2,440

2019 Book Value=$19,520

Explanation:

Computation for 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years.

Calculation for 2019 Amortization (15,400 ÷ 10)

= 1,540

Calculation for Book Value of December 31, 2019

= 15,400 – 1,540

= 13,860

Calculation for 2020 Amortization will be:

(13,860 + legal fees 8,100) ÷ 9)

= 21,960÷9

= 2,440

Calculation for the Book Value of December 31, 2020

13,860 -2,440

=11,420

= 11,420+8,100

=$19,520

6 0
3 years ago
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