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ExtremeBDS [4]
3 years ago
15

Kelly and tim jarowski plan to refinance their mortgage to obtain a lower interest rate. they will reduce their mortgage payment

s by $56 a month. their closing costs for refinancing will be $1,670. how long will it take them to cover the cost of refinancing? (round your answer to the nearest whole number.) number of months months
Business
1 answer:
xxTIMURxx [149]3 years ago
6 0
<span>If you divide 1650 to 56, the answer is 30 months rounded up to the nearest number. I am not sure if this is worth it and am wondering if people actually pay money to do this. If you were taking down monthly payments by 200 dollars or more, it would be worth it since you will be saving more money on a monthly basis. You can have more money for gas, groceries and other bills.</span>
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One of the best ways to research a college is to:
RSB [31]

Answer:

A

Explanation:

you have a better chance with understanding the way it works and sees if it really interest you and it's something you want.

7 0
3 years ago
Read 2 more answers
S&amp;P Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. The firm just paid a dividend of
MrMuchimi

Answer:

The price of the stock will be $76.97

Explanation:

We first need to determine the constant growth rate on dividends.

Growth rate (g) = (D1 - D0) / D0  

Growth rate (g) = (2.08 - 2.00) / 2   =  0.04 or 4%

To calculate the price of a stock today whose dividends are growing at a constant rate, we use the constant growth model of DDM. The price of the stock today under this model is,

P0 = D1 / ( r - g )

Where,

  • D1 is the dividend expected for the next year
  • r is the required rate of return
  • g is the growth rate

Thus, to calculate the price of the stock today at t=10, we will use the dividend expected in Year 11 or D11.

D11 = D0 * (1+g)^11

Where P10 is the price 10 years from today.

P10 = 2 * (1+0.04)^11 / (0.08 - 0.04)

P10 = $76.97

3 0
3 years ago
Specialization__________ the productivity of a nation's resources and allows for larger total _________.
ycow [4]
Specialization increases the productivity of a nation's resources and allows for larger total output.
7 0
3 years ago
Select the correct answer.
alexira [117]

Answer:

Jessica calls her colleagues informing them about her new bakery business.

Explanation:

5 0
2 years ago
Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 40,000; in February 37,000; and in M
Vera_Pavlovna [14]

Answer:

Our answer is E 114,420

Explanation:

Production budget:    

                                                 Jan   Feb            Mar

Budgeted sales units  40000   37000           34000

Add: Ending inventory        12950   11900  

Total requirement         52950   48900  

Less: Beginning inventory 14000    12950  

Budgeted production units 38950 35950  

Purchase budget of Box:    

                                               Jan           Feb  

Budgeted production  38950 35950  

Bx required per unit   3          3  

Total requirement of Boxes 116850 107850  

Add: Ending inventory         21570  

Total boxes needed  138420  

Less: Beginning inventory 24000  

Budgeted Purchase boxes 114420  

Answer is E. 114420    

5 0
3 years ago
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