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RideAnS [48]
2 years ago
8

Challenge question: Home mortgages use amortization schedules, but the principal balance might be 10 or 100 times larger than Ja

net's $3500 trip. They're typically paid back over a period of 30 years at a much lower interest rate (~4%). Explain what you think that amortization schedule might look like.
Business
1 answer:
dem82 [27]2 years ago
6 0

The Amortization Schedule is a table that lists the computations of a mortgage payment and enables the visualization of the details of each payment.

  • Typically, an Amortization Schedule will indicate the dates on which transactions are recorded or captured into the company's accounting records.

  • The repayments of the Amortization Schedule occupies three columns, with one indicating the amount of principal repaid while the second column indicates the portion of repayments due to interests on the mortgage. The other column shows the equal periodic payments already settled on the loan.

Thus, the amortization schedule offers an acceptable way to determine the amount of interest paid, the payments made on a mortgage, and the ending balance of the mortgage at the end of the accounting period.

Read more: brainly.com/question/14511778

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You put $209 into an investment at 7% for four years. What will the balance be at the end of four years?
zloy xaker [14]

Answer:

$273.96

Explanation:

The balance will be the future value of $209, at 7% for four years.

The formula for calculating the future value is as below.

FV = PV × (1+r)^n

Where PV is the present value, $209

r= is the interest rate  7% or 0.07

n= 4 years

FV = $209 x ( 1+ 0.07) ^4

Fv =$209 x 1. 310

Fv = 273.9563

Fv= 273.96

7 0
2 years ago
Vertical marketing systems are best described as ______. Multiple choice question. the elimination of costly backward and forwar
USPshnik [31]

Answer:

professionally managed and centrally coordinated marketing channels.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Vertical marketing systems used as a promotional and sales technique of goods and services by various business firms are best described as professionally managed and centrally coordinated marketing channels.

6 0
2 years ago
Which of the following is true of water budgets?
zysi [14]

Answer:

B. In the winter, when water use is low, precipitation exceeds evapotranspiration

Explanation:

A water budget can be seen as the relationship between the inflow and outflow of water through a specified region.  It gives a general Idea of the relationship between the demand and supply of water in that region.

Evapotransipration is the loss of water from the soil through evaporation from the soil and other surfaces and by transpiration from plants, while precipitation refers to  rain, snow, sleet, or hail that falls to the ground.

During winters due to the cold temperatures, the rate of water loss from the soil and from plants is much lower than the amount of precipitation which is on form of snow.

Snow covers most of the soil, freezing the soil water at the surface of the soil, making it difficult for evapotranspiration to occur. In addition to that, most deciduous trees shed their leaves during this period further reducing the total amount of transpiration in that region.

This makes option B correct

3 0
3 years ago
"Municipal bonds, or "munis," are bonds issued by states, counties, and cities, in addition to other public agencies such as sch
morpeh [17]

Answer:

1. True

Explanation:

  • The municipal bonds are called as Munis bonds and are issued by the local government or territory and are used to finance the public projects and include the schools, airports and seaports, and infrastructure-related repair and as of 2011, the values of these bonds is valued at 3.7 trillion dollars.
  • In general, they are used for the issuing of the municipality related services and they are characterized by taxability, interest rates, liquidity, and security.
  • <u>The primary reason why theses type of bonds are special to their tax exemptions and are subjected to an alternative minimum amount of tax as an item of preferences.</u>
6 0
2 years ago
If more people try to buy a product because they have just become aware of its outstanding quality, what has increased?
andre [41]
The demand of the product has increased
5 0
3 years ago
Read 2 more answers
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