Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.5% interest for 15 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Answers
Answer:
the monthly payment is $910.18
Explanation:
The computation of the monthly payment is shown below:
Given that
PV = $180,000 - 20% of $180,000 = $144,000
NPER = 15 × 120 = 360
RATE = 6.5% ÷ 12 = 0.541666%
FV = $0
The formula is shown below:
=PMT(RATE;NPER;PV;FV:TYPE)
The present values comes in negative
After applying the above formula, the monthly payment is $910.18
Related Questions
help!!!!! need ASAP!!!
A country that allows the value of its currency to be set by global supply and
demand for that currency has a(n) exchange rate.
A. fixed
B. inflated
c. trade-weighted
D. flexible
Answers
Answer:
D. flexible
Explanation:
An exchange rate set by the market forces is a flexible exchange rate or a floating exchange rate. The demand and supply forces of the currency determine the exchange rate in the Forex market. Since governments are a major stakeholder in a country's exchange rate, it makes some efforts to influence the exchange rate.
If the demand for a currency is high, its value increases, meaning other countries will spend more buying it. When demand is low, its value declines, which makes imports expensive.
Answer:D
Explanation:
plz post fun questions plz i need points plzzzzzzzzzzz
Answers
Answer:
Dun. Mark brainliest plz
Explanation:
9. If $1.00 at 5.5%interest compounded daily
has a value of $1.00513 after 34 days, how
much interest would June Akin's account
have earned on $5,000.00 after 34 days?
(Step by step) please
Answers
Answer:
After 34 days, Akin's bank account would have $5,034.11
Explanation:
Given that 5.5% annual interest, if compounded daily, represents a daily interest of 0.015%, to determine the total amount that Akin's account will have if its initial amount were $ 5,000 after 34 days of investment, the following must be done calculation:
X = 5,000 x (1 + 0.015) 34
X = 5,034.11
Therefore, after 34 days, Akin's bank account would have $5,034.11.
3. Which is not an example of managerial organizing?
A. Using color-coded file folders
B. Using a calendar to track appointments
C. Getting to meetings on time
D. Performing employee reviews
Answers
Patrick's lease is ending soon, and he wants to rent at a different apartment complex. He
wants to be sure his own history as a tenant is accurate. What legislation can he use to
protect himself in that regard?
The Fair Credit Reporting Act
The Credit Card Accountability Responsibility and Disclosure Act
The Fair Debt Collection Practices Act
The Truth in Lending Act
Answers
Answer:
The Fair credit reporting act
Explanation:
Answer:
A
Explanation:
Which of the following examples demonstrate education and qualifications that are most helpful for Energy
Generation careers? Check all that apply.
Lorena can work for long hours in challenging conditions.
Vaughn is creative in thinking of new ways to harvest materials from the ground.
Richelle is a Hydroelectric Production Manager with a bachelor's degree.
Georgiana is a Loading Machine Operator with a master's degree.
Nolan is good at persuading customers to purchase products.
Randy knows how to operate a cash register to process customer payments.
Answers
Answer:
Lorena can work for long hours in challenging conditions.
Vaughn is creative in thinking of new ways to harvest materials from the ground.
Richelle is a Hydroelectric Production Manager with a bachelor’s degree.
Energy is referred to as the capability or the capacity to work that is acquired only when the individual has some knowledge about the task that has to be performed.
The correct options are:
Lorena can work for long hours in challenging conditions. Vaughn is creative in thinking of new ways to harvest materials from the ground. Richelle is a Hydroelectric Production Manager with a bachelor’s degree.These options best illustrate the education and qualification that is very and utmost useful for energy. The energy here means the growth and development of the individual. This is only possible when the person carries some of the education and the qualification in his hands to stand in the crowd with confidence and clarity in the performance.
To know more about the education and qualifications that are most helpful for Energy Generation careers, refer to the link below:
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Who benefits from fashion forecasting?
Answers
Answer:
textile developer is the answer
Answer:
textile developer
Explanation: ON PLATO
Catherine is starting her own catering company. So far she has researched
her competitors, created a business plan, and set up her company as an LLC.
What is Catherine's next step in planning her new business?
A. She needs to acquire funding for her business.
B. She needs to set the price list for her catered goods.
C. She needs to determine what items she will sell at her business.
D. She needs to create advertisements for her business.
Answers
Answer:
A. She needs to acquire funding for her business.
Explanation:
Took the test
Catherine's next step in planning her new business is that She needs to acquire funding for her business. Option (a) is correct.
What do you mean by Planning?Planning is Setting goals and choosing a course of action to achieve them are both part of the management task of planning. Managers must foresee future situations and be aware of the current environmental factors affecting their firm.
We can determine the parameters of scale, type, location, and how to effectively manage by having a thorough understanding of the distinctive features of your opportunity. Additionally, we'll give you details about regional rivalry and market trends so you may evaluate the potential of a new business.
Therefore, Option (a) is correct. Catherine's next step in planning her new business is that She needs to acquire funding for her business.
Learn more about Planning, here;
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A nonprofit organization is trying to convince a mayor to adopt a Citywide recycling program the group includes this sentence and its presentation according to the governmental sources 75% of waste is recycled wool but only 30% is actually recycled which type of hook is it being used A)call to action B)funny story C)question D)statistic
Answers
Answer: call to action
Explanation:
The answer to the question is call to action because:
The non-profit organization wants the mayor to adopt a citywide recycling program. The organization wants the mayor to take action against pollution by adopting this program. This is an example of call to action.
Best of Luck!
Answer:
d
Explanation:
Choose the correct terms to complete the sentence.
Larry owns his own gym. He is the only owner. His liability is 1.______
a. unlimited
b. partnership
c. limited
d. undetermined
and he runs a 2._____
a. public company
b. sole proprietorship
c. partnership
Neville is the CEO and shareholder of a company that sells household cleaning products. The company has 75 shareholders and is not
traded on a stock exchange. Neville's company is a 3._____
a. sole proprietorship
b. partnership
c. public company
d. private-limited company
and his liability is 4.______
a. limited
b. unlimited
c. undetermined
Answers
Answer:
unlimited
sole proprietorship
private-limited company
limited
Explanation:
A person’s credit score can range from a low of 300 to a high of what number?
Answers
Answer:
yea i did this yesterday :) 850 ^^^^^^^
Explanation:
A person's credit score can range from a low of 300 to a high of 850 numbers.
A credit score is a number from 300 to 850 that rates a consumer’s creditworthiness. The higher the score, the better a borrower looks to potential lenders.
A credit score is based on credit history: number of open accounts, total levels of debt, repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner. There are several different credit bureaus in the United States, but only three that are of major national significance: Equifax, Experian, and TransUnion. This trio dominates the market for collecting, analyzing, and disbursing information about consumers in the credit markets.
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1- Describe three different types of consumers 2- identify at least three ethical factors in.making consumption decisions 3- explain at least two factors that you will personally consider in future consumption choices and think how to prevent it
( if you joke around you will get reported no )
Answers
Answer:
1. Three different types of consumers : herbivores,omnivores and carnivores
2.Identify at least three ethical factors in:knowledge, values, personal goals,
3. It's a personal question:
but what it means is what are two words you would like to add to your life that will help you in the future and how you can prevent the bad things about you.
What types of inquiries are on Caroline's credit report? How are those inquiries impacting her
credit score?
Answers
Answer:
Inquires viewed by you and inquires view by others. (The amount of times that you have applied or tried to apply for a credit card).
Explanation:
Each inquiry is under a different kind of address.
- 1 Spending Lane Anywhere, NY 10000
- 1000 Freeride Blvd Anywhere, NY 10000
- 1983 Griswold Blvd Anywhere, CA 10000
- 1 Bureau Road Anywhere, FL 00000
- 2345 Main Street Anywhere, DE 10000
- PO Box 123 Anywhere, DE 00000
It shows how many times that shes tried to apply for a credit card and shows how many times she's been declined. Which is bad because it means that they won't accept her for the credit card that she might apply for.
How do many people become millionaires?
A) All of these
B) They save aggressively.
C) They avoid debt.
D) The invest their money.
Answers
Answer:
all of the above is the answer
thats the correct answer
Is there anyway to make money as a teen (Online), I am 14.
Answers
Which type of worker would most likely be able to begin work after receiving a high school degree and completing an on-the-job apprenticeship?
Answers
Answer:
LiveStock
Explanation:
Answer:
A miner I think. If that is one of the choices you have on your test.
Explanation:
Good luck. Tell me if this is wrong.
I'm starting a baking business any one know how to photo shot for a better background so my picture can look nice
Answers
Answer:
yes do ctrl shift and the box with two lines
Explanation:
3. Most employers will pay their employees by directly depositing their paycheck into their checking account. According to his check account statement, John was a paid Every .
A. $200.00, 3 weeks
B. $694.81, 2 weeks
C. $300.00, 1 month
D. $100.00, 2 weeks
Answers
Answer: B. $694.81, 2 weeks
Explanation:
John's payment will be an amount that is deposited into his account and therefore increases it. It will also have a detail that references it to being a salary such as wages, payroll, salary etc.
Looking at the statement, you will notice that there was a payroll payment of $694.81 on October 14,2018 which would make this John's salary. Two weeks later on October 28,2018, he got another payment which means that he gets paid twice a month and the salary is $694.81.
The payment made to John and its duration would be as follows:
B). $694.81, 2 weeks
Account StatementAs per the account details, the payroll payment dated 14th October 2018 displays an amount of $694.81.
This amount exemplifies his salary as the other transactions demonstrate withdrawals.
On 28th October 2018, he receives another payroll deposit of the same amount i.e. $694.81.
Therefore, it can be concluded that he is paid a sum of $694.81 every two weeks.
Thus, option B is the correct answer.
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En un proceso de producción el PC total ha sido de 254.265 €. Determina los márgenes unitarios sabiendo que el margen bruto es el 40 %, los gastos de comercialización ascienden a 29.500 € y las unidades producidas han sido 2.200.
Answers
Answer:
not having answer
Explanation:
ok plz search on GOOglE
what is the amount of tax paid for the year
Answers
Answer:
3428.57142857
Explanation:
Teresa is considering purchasing a home for $220,000 by taking out a loan with an interest rate of 4.3% for 30 years. What would her monthly payment be?
Use the monthly payment formula to calculate the monthly payment for this loan:
M =
M = monthly payment
P = principal
r = interest rate
t = number of years
Answers
Answer:
$1,088.144
Explanation:
The applicable formula is as below as derived form annuity concepts.
M = PV × r
1 − (1+r)−n
where p= $220,000
r = 4.3% interest rate per year;
Per month interest rate = 0.043 /12=0.00358
r = 30 year, in months = 30 x 12 =360
Therefore
M= $220,000 x 0.00358
1-(1+0.00358) ^ - 360
M=$220,000 x 0.00358
1 - 0.2762
M = $220,000 x(0.00358 /0.7238
M = $220,000 x 0.00494611
M = $1,088.144
write a paragraph of your aim only to lead on ideal life
Answers
What is an appropriate response when an interviewer asks what salary you are looking for
during your initial interview? Would the response change if you'd been given an offer?
Answers
Samantha has a student loan. The loan amount is $15,000 for 10 years. Her interest rate is 8.25%. Use the Loan Calculator (Links to an external site.) to answer the following question. (Do not use commas or dollar signs in your answers.) How much will Samantha pay in interest?
Answers
Answer:
The amount paid each month would be 125$
The amount will Samantha pay in interest is $12,375
Step-by-step explanation:
In order to calculate How much will Samantha pay each month we would have to make the following calculation:
loan amount is $15,000 for 10 years
Therefore, amount paid each year would be=$15,000/10=$1,500
Hence, amount paid each month would be=$1,500/12=125$
In order to calculate How much will Samantha pay in interest we would have to make the following calculation:
I=P*r*n
I=$15,000*8.25%*10
I=$12,375
The amount will Samantha pay in interest is $12,375
All of the following is a capital resource EXCEPT
a pickup truck
a factory
lumber
employees
Answers
Answer:
employees
Explanation:
This is because employees are classified as labor not capital
Answer:
d. employees
Explanation:
Pedro wants to open his own business. To get a loan for the business, the bank needs him to give them some collateral. What is a logical choice for Pedro to give the bank as collateral?
Answers
Answer:
see below
Explanation:
Collateral refers to a valuable asset that a borrower offers to a lending institution to guarantee that they will repay the requested loan. Usually, collateral has a higher value than the loan amount. Collateral reduces the risk to the lender, which translates to lower interest rates.
Examples of assets that Pedro can use as collateral include.
1. Motor Vehicles
2. Properties such as land and Buildings
3. Machinery and equipment
4. Inventory
Answer:
answer is his house
Explanation:
Tell me why you would use a local bank or an online bank.
Answers
What type of forces is acting on an object that prevents the object from moving? (2 points) a Balanced forces b Friction forces c Gravity forces d Unbalanced forces
Answers
Answer:
Friction
Explanation:
Friction is a force that resists relative motions of solid surfaces, etc
Click this link to view O*NET's Tasks section for Librarians. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are common tasks performed by Librarians? Check all that apply. teaching classes on topics related to information, libraries, and technology o teaching computer skills to patrons O rebuilding library computers when they have serious problems writing tive stories and poems to be published and purchased by libraries O analyzing patrons' requests to help them locate needed information O searching reference materials to answer patrons' questions
Answers
Answer:
1.Teaching Classes on Topics related to information, libraries, and technology
2.Teaching computer skills to patrons
5.analyzing patrons’ requests to help them locate needed information
6.searching reference materials to answer patrons’ questions
Explanation:
Correct on Edge 2020
Librarians' common activities, according to O*NET, include analyzing patron requests to assist them in locating necessary information, continuing to search reference materials to actually respond patrons' research question,
Also teaching classes on important subjects related to the information, library resources, and future technologies, and attempting to teach patrons computer knowledge.
Lera more:
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Units sold 1,200 Price $ 10 Sales $ 12,000 Variable manufacturing costs 4,800 Fixed manufacturing costs 2,400 Variable selling costs 1,200 Fixed administrative costs 1,200 Required: Using the data provided, compute the margin of safety and margin of safety ratio.
Answers
Answer:
Margin of safety is 480 units
Margin of safety ratio is 40%
Explanation:
The Margin of Safety is the difference between sales and Breakeven sales in terms of Dollar or Volume.
First, we need to calculate the following values
Fixed cost = Fixed manufacturing costs + Fixed administrative costs = $2,400 + 12,00 = $3,600
Variable cost = ( Variable manufacturing costs + Variable selling costs ) / Units sold = ( $4,800 + $1,200 ) / 1,200 units = $5
Contribution per unit = Selling price - Variable cost = ) = $10 - $5 = $5
Breakeven sales = Fixed cost / Constribution = $3,600 / $5 = 720 units
To calculate the Margin of Safety, use the following formula
Margin of Safety = Sale - Breakeven sale = 1,200 units - 720 units = 480 units
Margin of safety ratio = Margin of safety / Sales = 480 units / 1,200 units = 0.40 = 40%