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



$896.25
$1,088.72
$1,868.70
$2,069.75

Answers

Answer 1

Answer:

$1,088.72

Explanation:

This is an annuities situation. The applicable formula is

M  = PV   ×      r        

                     1 − (1+r)−n

where p = $220,000

r = 4.3% interest rate per year,  Converted to monthly rate = 4.3/100 /12=0.00358

r = 30 year, which is 30 x 12 months= 360 months

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 0.0049461

M = 1,088.12


Related Questions

Jared helps people plan for retirement, so they have enough to live on when they're old. He is:
ОА. .
A bank teller
OB.
A bank manager
OC.
A financial planner
OD. A business analyst

Answers

Answer:

A financial planner

Explanation:

A financial planner is an expert in budgeting and money management matters. They help individuals and companies plan and achieve long term financial objectives. A financial planner assesses the client's financial aspects such as income, investment, savings, and expenditure and advice them accordingly.

Jared must be a financial planner. His responsibilities revolve around assisting people in making long-term financial plans.

Answer:

A fincaall

Explanation:

Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.

Answers

Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.

Explanation: Those are two primary functions.

The banks function in three ways as transfer money from savers hold deposits, and make money by giving loans.

What is a banking system?

A banking system is one that is a group or a network of institutions that provides financial services to people. The banking system includes the provision of loans, deposits, and helping investments.

The bank transfers the money from the savers to borrowers by holding the deposits and lending the excessive transfer of reserves.

Find out more information about the banking system.

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In a recent year, U.S. advertisers spent $60 billion on television advertising. This number made up 40 percent of total advertising. What was the dollar amount spent by U.S. advertisers on all other forms of advertising?

How many billions?

Answers

Answer: $90

Explanation:

Let x = Total advertising cost (in billions).

Given: U.S. advertisers spent on television advertising = $60 billion = 40 percent of total advertising.

i.e. 0.40x= 60

[tex]\Rightarrow\ x=\dfrac{60}{0.40}\\\\\Rightarrow\ x= 150[/tex]

i.e. Total advertising cost = $150 billions

The amount spent by U.S. advertisers on all other forms of advertising = (Total advertising cost) - (Amount spent on spent on television advertising)

= $(150-60)

= $90

Hence, the amount spent by U.S. advertisers on all other forms of advertising = $90

Answer:

90$

Explanation:

help asap plzzzzzzzzzzzzzzzzzzzzzz
When living off campus, you should consider that you will have to pay for all of the following except _____.

A. transportation

B. utilities

C. federal taxes

D. furnishings

Answers

Answer:

C. federal taxes

Explanation:

Off-campus living refers to a situation where a college student opts for alternative accommodation outside the university. The student may get an apartment near the college or live in a private hostel.

When considering off-campus living, it is important to consider transport costs as one will have to commute regularly to the college. They will incur expenses utilities such as power and water bills. They may also need their furniture.

Students are not expected to pay taxes. Federal taxes are imposed on workers, not full-time students.

Answer:

federal taxes

Explanation:

Question 4 of 10 Which sentence best completes the diagram? The Bretton Woods system begins. ? A. Countries tie their currencies to the value of the U.S. dollar. O B. The United States refuses to allow U.S. dollars to be spent in foreign markets. C. The standard of living in the United States begins to fall rapidly. D. International demand for U.S. dollars reaches its lowest point in history SUBMIT​

Answers

Bretton Woods system came in July 1944 when the countries agreed to tie their values to the U.S. dollar.

When did the Bretton Woods system come into being?

In July 1944, delegates from forty-four countries met in Bretton Woods, New Hampshire, to create a new international monetary system. The conference's delegates agreed to establish the International Monetary Fund and the World Bank Group.

Bretton Woods system comes into being when the countries tie their currency's value to the U.S. dollar.

Therefore option A describes the Bretton Woods system.

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Answer:

D. The exchange rate for the country's currency increased

Explanation:

a p e ex

Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation

Answers

Defamation is the answer you’re looking for

Answer:

Defamation

Explanation:

got it right on E2020

Most criticism is meant to _______.

-help you improve
-make the critic feel better
-discourage you
-make you angry

Answers

Answer: help you improve
first answer, help you improve

If you own a small business, which of the following helps with your finances?
ОА.
Bank teller
OB.
Bank loan officer
OC.
Accountant
OD.
Business analyst

Answers

Answer:

C. Accountant

Answer:

your answer is C accountant

Explanation:

What are three things I can do now to start building my work experience?

Answers

Maybe do internships.

TexMex Food Company is considering a new salsa whose data are shown below. The equipment to be used would be depreciated by the straight-line method over its 3-year life and would have a zero salvage value, and no change in net operating working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. However, this project would compete with other TexMex products and would reduce their pre-tax annual cash flows. What is the project's NPV? (Hint: Cash flows are constant in Years 1-3.)WACC 10.0%Pre-tax cash flow reduction for other products (cannibalization) -$5,000Investment cost (depreciable basis) $80,000Straight-line depreciation rate 33.333%Annual sales revenues $67,500Annual operating costs (excl. depreciation) -$25,000Tax rate 35.0%a. $3,636b. $3,828c. $4,019d. $4,220e. $4,431

Answers

Answer:

b. $3,828

Explanation:

initial outlay = $80,000

net cash flows years 1 - 3 = [(revenue - operating expense - depreciation - cannibalization) x (1 - tax rate)] + depreciation = [($67,500 - $25,000 - $26,666.67 - $5,000) x 0.65] + $26,666.67 = $33,708.33

NPV = -$80,000 + $33,708.33/1.1 + $33,708.33/1.1² + $33,708.33/1.1³ = -$80,000 + $30,643.94 + $27,858.12 + $25,325.57 = $3,827.63 ≈ $3,828

Based on the information given, the project's NPV will be $3,828.

The net present value is simply used in the estimation of the current value of the future cash flows that are generated by a project.

Based on the information given, the net cash flows from the first to the third year will be:

= [($67,500 - $25,000 - $26,666.67 - $5,000) x 0.65] + $26,666.67

= $33,708.33

Therefore, the NPV will be:

= -$80,000 + $33,708.33/1.1 + $33,708.33/1.1² + $33,708.33/1.1³

= -$80,000 + $30,643.94 + $27,858.12 + $25,325.57

= $3,827.63 ≈ $3,828

Therefore, the NPV is $3,828.

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Doyle Company issued $500,000 of 10-year, 7 percent bonds on January 1, 2018. The bonds were issued at face value. Interest is payable in cash on December 31 of each year. Doyle immediately invested the proceeds from the bond issue in land. The land was leased for an annual $125,000 of cash revenue, which was collected on December 31 of each year, beginning December 31, 2018. Required Organize the transaction data in accounts under the accounting equation for 2018 and 2019

Answers

Answer:

         Assets                           =              Liabilities       +             Equity

         cash                  land             bonds payable               retained earnings

2018  500,000                                 500,000

2018  -500,000          500,000

2018  125,000                                                                         125,000

2018  -70,000                                                                         -70,000    

          55,000             500,000      500,000                        55,000

2019  125,000                                                                         125,000

2019  -70,000                                                                         -70,000    

          110,000             500,000      500,000                        110,000

         Revenue             -            Expenses       =           Net income

2018  0                                       0                                  0

2018  0                                       0                                  0

2018  125,000                            0                                 125,000

2018  0                                       70,000                       -70,000    

         125,000                            70,000                       55,000

2019  125,000                            0                                 125,000

2019  0                                       70,000                       -70,000    

         125,000                            70,000                       55,000

NEED HELP ASAP!!!
Which TWO statements describe advantages of e-filing tax returns?
A. Taxpayers can download the tax forms from the IRS website and mail the completed forms directly to the IRS.
B. Taxpayers can use a software program for assistance in entering the required information and the tax calculation.
C. Taxpayers can avoid delayed returns and ensure quicker processing and faster refunds.
D. Taxpayers get a tax rebate for using an environmentally friendly process.
E. Taxpayers can seek free advice from the Volunteer Income Tax Assistance program.

Answers

Answer:

B. Taxpayers can use a software program for assistance in entering the required information and the tax calculation.

C. Taxpayers can avoid delayed returns and ensure quicker processing and faster refunds.

Explanation:

E-filling is electronic tax filling. It involves filing and submitting tax returns via the internet. A taxpayer needs to access the tax authority's website and fill-in the relevant details.  The tax authority usually has customized programs that make the tax-payers work easy.

E-filling is quick and convenient. The taxpayer does not need to travel or send tax documents to the tax office. They fill the tax forms online and submit them immediately. The tax information is captured and stored in the systems.  There are quick references and records don't get lost, which makes refund processes faster.

Answer:

B and C

Explanation:

Just got 100%

Book store owner, Sandra Walker, has a personal check from one of her customers, payable to The Book Nook. Sandra wants to deposit the check into the store’s account. Use a restrictive endorsement.

Answers

Answer:

see below

Explanation:

Endorsing a check is communicating to the bank how a check is to be cashed. A restrictive endorsement puts limits on how a check or other financial instruments are to be used.

The most common type of restrictive endorsement is for the payee to write the words" for deposit only" at the back of the check. The payee then signs and indicates their account number. This instructs the banks to pay the check amount to that account.

Sandra walker should write the words "for deposits only" at the back of the check. She has to indicate the bank account number for The Book Nook and sign at the back.

What makes an Interior Design Business so successful

Answers

Answer:

the soft ness of the fabric

. What type of company would you like to create? Why would you like to create this type of company?


It's actually economics. Please help.​

Answers

i would say a type of company that helps people with everyday needs.

Which of the assets has the greatest liquidity?​

Answers

Answer:

You have a choice of B. or D.

I will go with D.

Explanation:

hope it's correct

Which of the following caused readership of The Boston Globe to plummet?
poor journalism
a competitor
online news
rising subscription costs

Answers

Answer: Online news

Explanation: I took the quiz and got the answer right.

You push really hard against a round rock, but you cannot make it roll. Which statement best explains why you cannot move the rock? a Gravity pulls the rock toward the center of Earth. b The forces between you and the rock are balanced. c The force of your push is greater than the opposing force. d There is no friction to help you move the object.

Answers

Answer: The forces between you and the rock are balanced.

Explanation:

Static friction opposes the applied force.  Static friction is a self - regulating opposing type of force which increases with increase in applied force until a critical limit.  Since the weight of rock is huge, the critical limit is also very large in value. We need to apply a large amount of force to reach the critical limit.  For now the applied force is balanced with friction.  The hence the block doesn't move!

Answer:

THE FORCES BETWEEN YOU AND THE ROCK ARE BALANCED ;]

Explanation:

MARK ME S BRAINLIEST PLZ

Standard costs should be developed by: Group of answer choices The CEO The most experienced managerial accountant at the company a democratic vote of all company employees a cross-functional team of all persons who have knowledge regarding a company's costs and production processes

Answers

Answer:

The most experienced managerial accountant at the company

Explanation:

In simple words, By historical experience or industrial guidelines, a standard cost can be calculated. To calculate its performance, the organisation will then evaluate the typical costs versus the real performance. There is a disparity often when measuring standard costs to real outcomes. Thus, the most experiences person in accounting should compute it.

A Las Vegas hotel want to provide to bear experience for a rep for its rapidly growing custom made base from China at the hotel can best do this by hiring

Answers

Answer:

Brian, a Mandarin interpreter who loves to interact with groups of all sizes.

Explanation:

In the context, a hotel in Las Vegas wants to give to experience for a representative for the increasingly growing customs which is made base from country China. The hotel can best do this by hiring Brian who is a Mandarin interpreter and he loves to meet and to interact with all size of people.

He can better able to facilitate the requirements of the travelers from China in a broader sense. Brian can allow the travelers less fluent in English speaking to make advantage of the available features at the hotel and also the amenities that the hotel offers. He bridges the language gaps between the hotel and the Chinese travelers.  

Gross Domestic Product or GDP can be

a)Value of output of goods and services during one year

b) National Income

c)National Output

d)Aggregate Demand

e)All the stuff made by one country in one year

f)All of the above or any of the above

Answers

Answer:

f)All of the above or any of the above

Explanation:

GDP or gross domestic product is the aggregate of the values of goods and services produced within a country's boundaries. In calculating the value of GDP, economists consider the value of finished goods only.

GDP is calculated using the expenditure approach and the income approach. With the expenditure approach, GDP is the sum of all consumers, government, incomes, and net imports. The result is GDP and also the aggregate demand.

In the income approach, the GDP is the sum of all national incomes . In other words, GDP is equal to Sales Taxes plus Depreciation and Net Foreign Factor Income.

Which is a helpful resource for you during the process of buying a home? A. Realtors B. Local programs C. Government programs D. All of the above

Answers

Answer:

A. Realtors

Explanation:

A realtor is a professional who helps clients buy and sell properties.  Realtors are registered by the National Association of Realtors (NAR) and licensed to practice by their local authorities.

Realtors work for real estate companies. They may be real estate agents, salespeople, residential and commercial real estate brokers, property managers, or appraisers. Since they are recognized by law, and their work revolves around properties, realtors stand in a better position to assist someone buying a house.

In this market research step, the data are compiled, studied, and interpreted:

Answers

Answer:

Data Preparation/Assembling Analysis

Explanation:

In the data analysis step of Market Research, the data collected in the research are put together, arranged in an organized form, put through detailed review, properly verified by an valid process, interpreted and expounded

In the preparation and analysis step, the data is formatted by editing, coding, transcription and verification to enable accurate analysis of the collected information. Data validation process is put in place to ensure that the proper data that quantifies the desired metrics are obtained.

The process of data preparation and analysis enables the decision making process by promoting the process of suggesting conclusions, whereby useful information is highlighted by the modelling, transformation, cleaning, and inspection data analysis processes

Imagine you are creating a new product to sell in an up-and-coming market. Which of the below statements indicates that it would be easy for you, as the new entrant, to compete in this market? the threat-of-new-entrants force is high in the up-and-coming market; the threat-of-new-entrants force is low in the up-and-coming market; the threat-of-new-entrants force is impossible to define in the up-and-coming market; all of these, depending on the time of year.

Answers

Answer:

very easy

Explanation:

because im the product maker and im also smart in what im doing

The threat of new entrants force is high in the up-and-coming market statements indicating that it would be easy for you, as the new entrant, to compete in this market. Thus, option A is correct.

What is a market?

A market is made up of various structures, organizations, procedures, and processes that allow people to exchange goods and services. The majority of marketplaces rely on merchants providing their products or services to purchasers in exchange for payment, however, participants may swap products by barter.

As the market is at a boom everyone wants to enter the market. This clearly depicts that there will be a new entry into the market. This will increase the competition and the contract manufacturer or the seller needs to have some strategies which will help them in selling their product. Therefore, option A is the correct option.

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Harry is one of the top managers in RPLD Corporation. He, along with seven other members, takes the major decisions of the company and oversees its operation. Although Harry is not the owner of the corporation, he holds stocks in the company and has the power to appoint a chief executive officer (CEO) for the company. In this scenario, Harry is part of the _____ of RPLD Corporation.

Answers

Harry is part of the *board of directors* of RPLD corporation.

Business management typically requires graduate school.
OA.
True
OB.
False

Answers

False that’s not true

Answer:

true

Explanation:

Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.

C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.

Answers

Answer:

2, 3, 5

Explanation: your welcome, love.

Every Business, Management, and Administration work  employee  are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options

Who is Management and Administration  worker ?

An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.

Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.

Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.

Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.

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# SPJ 5

1. Consider the production function Q = (0.5K1/3 + 0.5L1/3)3 . Suppose the firms want to minimize the cost of producing 8 units of output. It pays a wage rate W of $40 and capital cost R of $10. How many units of labor and capital should the firm use?

Answers

Answer:

The answer is "k= 16 units and L=0 units"

Explanation:

Given:

[tex]Q = (0.5K^{\frac{1}{3}} + 0.5L^{\frac{1}{3}})^3[/tex]

Since K and L are ideal replacements, their company should select its cheapest of two for production. Its business chooses only money.

[tex]\to Q(K,L)=(0.5 K^{\frac{1}{3}})^3 \\\\\to 8= 0.5K^{(\frac{1}{3})}^3\\\\\to 2= 0.125 \ K \\\\\to K=16[/tex]

[tex]K=16 \ units \\\\ L=0 \ units[/tex]

11. Describe a time when you have worked with a group of people, such as with students for a school project, with coworkers at a job, or with family members to complete a chore. Describe the dynamics of the group, and then describe at least one way the group dynamics could have been improved. (3-6 sentences)

Answers

Answer: so here is my answer for Describe a time when you have worked with a group of people, such as with students for a school project, with coworkers at a job, or with family members to complete a chore. Describe the dynamics of the group, and then describe at least one way the group dynamics could have been improved. (3-6 sentences)

Explanation:

I'm just getting off work after a 10 hour day.  Now I have to go pick my sister up from dialysis - then go home and make supper.  May have to do a load of laundry.  Walk and feed the dog.

But if I have a minute - because apparently only you are the one being slammed - I'll work on it for you.

Answer:

so here is my answer for Describe a time when you have worked with a group of people, such as with students for a school project, with coworkers at a job, or with family members to complete a chore. Describe the dynamics of the group, and then describe at least one way the group dynamics could have been improved.

Explanation:

When sending a contract to a client which mailing service would she use

Answers

Answer:

she should use the closest on

Explanation:

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