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3 years ago

Will Mark Brainliest!!!

Business

1 answer:

aliya0001 [1]3 years ago

5 0

Answer:

error of origional entry

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If a borrower's monthly interest payment on an interest-only loan at an annual interest rate of 7.3% is $877, how much was the l

mihalych1998 [28]

Answer:

$144,200

Explanation:

7 0

2 years ago

Ms. Towne is buying a home for $250,000 and is putting down 20% cash on the purchase. She is financing the rest with a 30-yr, fi

kipiarov [429]

Answer:

$180

Explanation:

the monthly payment = principal / annuity factor

principal = $250,000 x 80% = $200,000
PV annuity factor, 360 periods, 0.38542%= 194.4995527

monthly payment = $200,000 / 194.4995527 = $1,028.28

in total, you will pay $1,028.28 x 360 = $370,180.80, so total interests = $370,180.80 - $200,000 = $170,180.80

the biweekly payment = principal / annuity factor

principal = $250,000 x 80% = $200,000
PV annuity factor, 780 periods, 0.178%= 421.62071

monthly payment = $200,000 / 421.62071 = $474.36

in total, you will pay $474.36 x 780 = $370,000.80, so total interests = $370,000.80 - $200,000 = $170,000.80

During the 30 year period, you will be able to save $170,180.80 - $170,000.80 = $180 in interests

3 0

3 years ago

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1

Setler [38]

Answer:

Cost of goods sold as per average cost method = $92,458.5

Explanation:

As for the information provided as follows:

Opening Inventory 265 units @ $153 each = $40,545

Purchase 465 units @ $173 each = $80,445

Purchase 165 units @ $213 each = $35,145

Total data 895 units = $156,135

Average cost per unit = $156,135/895 = $174.45

In average cost method simple average is performed, whereas in weighted average weights are assigned.

Sale is of 530 units

Cost of goods sold as per average cost method = $174.45 $\times$ 530 = $92,458.5

7 0

2 years ago

You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month

TiliK225 [7]

Answer:20,5369%

Explanation:We know APR is the Annual Percentage Rate that is paid over a loan. If we are to pay during 78 months at most $510 each month, then we could pay in total 510*78=$39780 in the course of the six years and a half that constitute the 78 months. This means that yearly we can pay in interest $39780/6,5=$6120 each year, this represents the interest over the loaned money, i.e., the $29800. Then the APR is

$\\\frac{6120}{29800} =20,5369\%$ annualy or 1,71141% monthly and it is the highest APR you could afford, 20.5369%

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2 years ago

Discuss how you react to changes in the environment. For example, there is a change in your class schedule or a change in the pr

Colt1911 [192]

Answer: my reaction would probably not be good

Explanation:

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2 years ago