When making a large purchase, you should avoid everything except ______________________

You have just sold your house for $ 1000000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and

DedPeter [7]

Answer:

cash will you have from the sale once you pay off the mortgage is $ 510194.55

Explanation:

given data

sold your house = $1000000

time t = 30 year = 360 month

initial balance P = $750,000

mortgage currently exactly = 18½ years = 138 months

interest rate r = 7.75 % = 0.646% per month

solution

we get here monthly loan payment that is

C = P ÷ $\frac{1}{r} \times (1-\frac{1}{(1+r)^n})$ ...............1

Putting values in formula we get

C = 750,000 ÷ $\frac{1}{.00646} \times (1-\frac{1}{(1+0.00646)^{360}})$

C = $5374.12

so monthly payment is $5374.12

and here Balance after 18.5 year will be

Balance after 18.5 year = $5374.12 × $\frac{1}{0.00646}$ × $(1-\frac{1}{1.00646^{138}})$

Balance after 18.5 year = $489805.45

and

we received here $1000,000 excess cash received is

cash received = 1000,000 - 489805.45

cash received = $ 510194.55

4 0

4 years ago

Warby Parker, an online retailer for prescription eyewear, offers a free, try-on at home program for its customers. Customers br

VikaD [51]

Answer:

e. trialability

Explanation:

Trialability is the ability to give an idea, process, product, or system a trial before making a final decision.

It indicates the degree to which a product or innovation can be experimented by the customer before they finally buy.

Warby Parker has leveraged on this strategy by allowing customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging

7 0

3 years ago

James Stillman is an investment adviser representative with Rock, Feller, and Standard (RFS), a covered adviser with its princip

liubo4ka [24]

Answer:

Stillman should register as an investment adviser representative in state P.

Explanation:

Investment adviser representatives (IARs) must necessarily register in the state that they work in. In this case, Rock, Feller, and Standard (RFS) must be registered in all the states where it has offices functioning, but Stillman only needs to register in the state where his office is. If Stillman worked half year in state P and the other half in state M, then he would need to register in both states. But since this is not the case, then registering in state P should be enough.

3 0

3 years ago

E-mail is an temporary message medium.

diamong [38]

The answer to that question is “False”.

6 0

4 years ago

Read 2 more answers

Hilton Hotels wishes to conduct a study on the determinants of brand loyalty among Hilton Hotel customers. The Hilton organizati

Rus_ich [418]

Answer: the population for the study is the Hilton Honors Club members.

Explanation:

To gather facts on factors about increasing loyalty, Hilton will have to carry out a survey that will be sent to all of its Hilton Honors club members because these members are the ones who are already loyal to the Hilton brand whenever they travel and can be easily assesible. From Thier valid reports, Hilton will understand how best to increase loyalty from its other remaining 90% visitors.

6 0

4 years ago

When making a large purchase, you should avoid everything except _______________________.