Avery and Carmen both have summer jobs. Avery gets paid $360 every 4 weeks. Carmen gets paid $480 every 6 weeks. summer break la
2 answers:
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Answer:
$8.8
Step-by-step explanation:
Let the original price of shares be
Profit earned = $1.320
percentage profit = 15%
∴
Original price of shares were = $8.8
Answer:
a) payment: $1082.84
b) interest: $194,822.40
Step-by-step explanation:
The monthly payment on the mortgage can be found using the given formula with the given values of principal (P=195000), interest rate (r=0.053), and time period (t=30). The value of n is 12, corresponding to the number of months in a year.
<h3>a)</h3>The monthly payment is ...
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<h3>b) </h3>The interest owed is the difference between the total of monthly payments and the principal of the loan:
interest owed = (360)(1082.84) -195000 = 194,822.40
The interest owed over 30 years is $194,822.40.
Answer:
Part A:
Rent = $7380
Mortgage payments = $9800
Insurance = $145
Taxes, insurance, maintenance = = $2830
Loss of Interest on security deposit = (650*6%) = $39
Interest lost on down payment and closing cost = (4,500*6%) = $270
Growth in equity = $225
Annual appreciation = $1700
Tax savings for mortgage interest = (9,575*28%) = $2,681
Tax savings for property taxes = (1,780*28%) = $498
Total rental cost = dollars
Total buying costs = dollars
Part B:
You should consider rent because the cost of renting is less than the cost of buying.