1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stre
Dafna1 [17]

If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stream from <u>convertible debentures.</u>

Convertible bonds have many positive attributes for investors, but the main drawback is that investors accept lower interest rates in exchange for these benefits.

Convertible debentures are fixed rate debentures that pay interest but can be converted into a specified number of ordinary shares or shares. Conversion of a bond into equity may occur at certain times during the life of the bond and is generally at the discretion of the bondholder.

Due to this logic, a convertible bond allows the issuer to indirectly sell its common stock at a price higher than its current price. From a buyer's perspective, convertible bonds are attractive because they offer the opportunity to capture the potentially high yields associated with equities, but also the security of bonds.

Learn more about bonds here brainly.com/question/9817093

#SPJ4

3 0
1 year ago
The average rate of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year.Suppos
Alexxandr [17]

Answer:

It would take exactly 37 years

Explanation:

If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.

If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.

8 0
4 years ago
Costs that change directly with the level of production are referred to as ________ costs
Elodia [21]
The answer to this question is Variable cost.
As the level of production increase , the total variable cost is increased and vice versa.
Examples of variable cost are the cost of sugar in condensed milk factory, the cost of leather in bag manufacturing, the cost of coffee beans in starbucks, etc.
6 0
4 years ago
The difference between the present value of future cash inflows and the present value of future cash outflows of an investment p
Katarina [22]

Answer:

The correct answer is "Net present value"

Explanation:

The Net present value (NPV) commonly is used in projects and investments to analyze the profitability and compare it with other projects or investments to decide which is better.  

Net Present Value (NPV) = Cash flow / (1 + discount rate) ^ number of time periods.

4 0
3 years ago
You manage a hotel resort located on the South Beach on the Island of Kauai in
GaryK [48]

Answer:

Classification of Projects

The projects are classified as shown below:

Strategy Project:

Strategy projects supports organizations long term mission. it helps in increasing market share and revenue. Among the given projects, the strategy projects are:

b. build a 4 mile nature hiking trail.

d. Launch a new promotional campaign with Hawaii Airlines.

e. Convert 12 adjacent acres into wildlife preserve.

g. Change hotel brochures to reflect Eco-tourism image.

i. Introduce wireless internet service in cafe and lounge areas.

Operational Projects:

These projects support current business operations. Among the given projects, the operational projects are:

c. Renovate horse bran.

Compliance Projects:

These are those must do projects to function under a particular category. Among the given projects, the compliance projects are:

a. Convert the pool heating system from electrical to solar power.

f. Update all bathrooms in condos that are 10 years old or older.

h. Test and revise disaster response plan.

Not all projects are easy to classify. There are always some things falling under more than one category. Categorizing projects will help us to prioritize the implementation of the same. Compliance projects should be done at any cost. The organization's view will be reflected in the strategy projects. Operational projects can be postponed if financial budget constraint exists but compliance cannot be postponed.

6 0
3 years ago
Other questions:
  • The major difference between the producer price index and the consumer price index is that the produce price index _____ and the
    8·1 answer
  • Vaughn Manufacturing's prepaid insurance was $197000 at December 31, 2021 and $90300 at December 31, 2020. Insurance expense was
    9·1 answer
  • Union Local School District has bonds outstanding with a coupon rate of 4.3 percent paid semiannually and 18 years to maturity.
    13·1 answer
  • Treasury bills are currently paying 4.7 percent and the inflation rate is 2.2 percent. a. What is the approximate real rate of i
    11·1 answer
  • Dmitri is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: B
    7·2 answers
  • Are you able to get a free credit report once a year from each credit bureau
    7·1 answer
  • Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela
    10·1 answer
  • Michael works as a financial advisor in a doctor’s office. The two organizations that Michael most likely belongs to are the
    10·2 answers
  • A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing
    15·1 answer
  • Diego has been hired as a consultant to review a company’s contracting and purchasing procedures. He began by reviewing recent c
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!