Answer:
$750
Step-by-step explanation:
Tim's share price changes by $2.24 -2.49 = -0.25, so the change in the value of his investment is ...
(3000 shares)(-0.25/share) = -$750
Tim takes a loss of $750 when he sells.
Answer:
$198,859.03
Step-by-step explanation:
The amortization formula is good for this. Fill in the given numbers and solve for the unknown.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where A is the monthly payment, P is the principal amount of the loan, r is the annual interest rate, n is the number of times per year interest is compounded, and t is the number of years.
1340.00 = P(0.0525/12)/(1 -(1 +0.0525/12)^(-12·20)) ≈ 0.00673844·P
P ≈ 1340/0.00673844 ≈ $198,859.03
The family can afford a loan for $198,859.
Answer:
45
Step-by-step explanation:
Answer:
I
Step-by-step explanation:
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