Answer:
$1,293.13
Explanation:
For computing the monthly mortgage payments we use the PMT formula i.e to be shown in the attachments below:
Given that,
Present value = $285,000 - $285,000 × 20% = $228,000
Future value = $0
Rate of interest = 5.49% ÷ 12 months = 0.46%
NPER = 30 years × 12 months = 360 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
After applying the above formula, the monthly mortgage payment is $1,293.13
The answer is A hope it helped
Answer:
The correct answer is 8%.
Explanation:
According to the scenario, the computation of the given data are as follows:
Let 1 year Treasury securities = t
So, Four year Treasury = [(Yield of 3 years Treasury × No. of year) + ( t × No. of year)] ÷ Number of year
So, by putting the value, we get
6.5% = [(6% × 3) + ( t × 1)] ÷ 4
[(6% × 3) + t] = 6.5% ×4
t = 8%
So, the rate on 1-year Treasury securities three years from now is 8%.
Answer:
Married filing jointly
Explanation:
Since Sophia is a widow and did not remarry during 2020, she can still file as married filing jointly. She can do that for up to two years after her spouse (Aiden) died, as long as she doesn't remarry.
The standard deduction for married filing jointly is $24,800 for 2020, which is much higher than single filers or heads of household.