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statuscvo [17]
2 years ago
8

ABCD A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount point, how mu

ch will the buyer need to cover these two items
Business
1 answer:
Genrish500 [490]2 years ago
8 0

The buyer of the building will need $424,976.87 to cover these two items.

<h3>How are the total mortgage payments determined?</h3>

The total mortgage payments can be determined using an online finance calculator as below.

<h3>Data and Calculations:</h3>

Monthly Pay = $1,180.49

House Price = $350,000.00

Loan Amount = $280,00 ($350,000 - $70,000)

Down Payment = $70,000 ($350,000 x 20%)

Interest rate = 3%

Total of 360 Mortgage Payments = $424,976.87

Total Interest = $144,976.87

Thus, the buyer of the building will need $424,976.87 to cover these two items.

Learn more about determining mortgage payments at brainly.com/question/24576997

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Calculate how much you would have in 25 years if you saved $3,000 a year at an annual rate of 9 percent with the company contrib
BaLLatris [955]

Answer:

the amount have in 25 years is $317,628

Explanation:

The computation of the amount have in 25 years is shown below:

PMT = Payment saved per year

= $3,000 + $750

= $3,750.00

N = Periods of payment = 25 years

R = Rate = 9%

Now the formula is

FV = (PMT × ((1 + R)^N-1) ÷ (R)  

= $3,750 × ((1 + 9%)^25-1) ÷ (9%)

= $317,628

Hence, the amount have in 25 years is $317,628

8 0
3 years ago
A) "Tranings are are the most important part of any occupation": justify it​
Dmitrij [34]

Explanation:.

The Importance of Training Employees: 11 Benefits

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021

The Importance of Training Employees: 11 BenefitsFebruary 22, 2021As technology advances and workplace methods and strategies improve, there comes a need for employers and employees to align with these changes in terms of knowledge, skills, values and abilities. One of the best ways to enhance knowledge and skills is through training. Getting employees exposed to relevant and consistent training can help companies improve performance and increase results in the workplace. In this article, we explain the importance of training employees and provide a list of potential benefits.

What is the importance of employee training?

Training is important because it represents a good opportunity for employees to grow their knowledge base and improve their job skills to become more effective in the workplace. Despite the cost of training for employees, the return on investment is immense if it is consistent.

There are several reasons it is important for employers to initiate training programs for their employees, such as:

It improves skills and knowledge

Employee training programs help improve the knowledge and skills of employees to match the various changes in the industry. These improvements will positively affect the productivity of workers, which can increase the profits and efficiency of an organization. Some of the things employees may learn through training include work ethics, human relations and safety.

It satisfies the recommendations of performance appraisals.

When an organization's employee performance appraisals suggest the need for improvement on a particular subject or skill, training programs can be organized for staff members to help satisfy this requirement. Training can therefore address an identified problem area and work toward a solution.

8 0
3 years ago
Read 2 more answers
Many consumers buy soft drinks and potato chips together when they shop at a grocery, convenience, or mass merchandiser store. B
Molodets [167]

Answer:

Data mining

Explanation:

Data mining is the process in which we can extract the raw data into useful data that would become beneficial for the company.

Large data is available and if we take the data i.e important or useful so this process we called data mining

In the given situation, it is discovered that when the consumers purchased a sandwich so many customers purchased toothpaste along with it. And for extracting the hiding information from its MIS the store used the data mining technique.

8 0
4 years ago
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4
CaHeK987 [17]

Answer:

a. Cost of Equity is 4.50%

b. Cost of Equity is 15.55%

Explanation:

a.

The formula for price of a stock using the constant growth model of the DDM approach is,

P0 = D0 * (1+g) / r - g

Plugging in the available values,

62 = 0.3 * (1+0.04)  /  (r - 0.04)

62 * (r - 0.04) = 0.312

62r - 2.48 = 0.312

62r = 0.312 + 2.48

r = 2.792 / 62

r = 0.045 or 4.5%

b.

SML (r) = rRF + β * (rM - rRF)

Plugging in the values,

r = 0.045 + 1.3 * ( 0.13 - 0.045)  

r = 0.1555 or 15.55%

7 0
3 years ago
Assume that your university increase tuition only at the rate of inflation. how much will a $23,000-per-year college cost 15 yea
ValentinkaMS [17]
In economics, there is a formula to predict the growth of money value with time. When dealing with simple interest, the formula is

F = P(1+in), where F is the future worth, P is the present worth, i is the annual interest rate, and n is the amount of time, commonly in terms of years. Substituting to the formula,

F = $23,000(1+0.08*15)
F = $50,600
5 0
3 years ago
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