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IgorC [24]
2 years ago
6

Island News purchased a piece of property for $1.79 million. The firm paid a down payment of 20 percent in cash and financed the

balance. The loan terms require monthly payments for 20 years at an APR of 4.75 percent, compounded monthly. What is the amount of each mortgage payment?
Business
1 answer:
bixtya [17]2 years ago
4 0

Answer:

      \large\boxed{\large\boxed{\$ 9,253.92}}

Explanation:

The conditions of the <em>mortgage</em> are:

  • <em>Loan</em>: $ 1.79 million less down payment

                  = $1,790,000 - 20% × $1,790,000 = $1,432,000

  • number of payments = 20years × 12 payment/year = 240

  • monthly interest = APR/12 = 4.75% / 12 = 0.0475/12 ≈ 0.003958

<em>The amount of each mortgage payment</em> is calculated with this equation:

     Monthly\text{ }payment=Loan\times \bigg[\dfrac{r(1+r)^t}{(1+r)^t-1}\bigg]

Substituting the conditions for this mortgage:

Monthly\text{ }payment=\$ 1,432,000\times \bigg[\dfrac{(0.0475/12)(1+(0.0475/12))^{240}}{(1+(0.0475/12))^{240}-1}\bigg]=\$ 9,253.92

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When an organization has an annual ceremony to reward the past year’s outstanding employees, this ritual is a manifestation of t
Alinara [238K]

Answer:

Espoused value.

Explanation:

The espoused value can be defined as the values ​​expressed on behalf of the organization. For example, the set of practices and procedures adopted by employees of an organization that provide positive results and value for a company.

Therefore, when an organization holds a ceremony to reward outstanding employees of the year, it is manifesting and promoting in the organizational culture the maintenance of moral conduct and corporate values ​​necessary to maintain and enhance positive standards of conduct to achieve organizational success .

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2 years ago
A currently owned shredder used in a refuse-powered electrical generating plant has a present net realizable value of $200,000 a
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Answer:

Please attachment .

Explanation:

Please see attachment

7 0
2 years ago
To raise operating funds, National Distribution Center sold its office building to an insurance company on January 1, 2018, for
storchak [24]

Answer:

Equipment 716,072.53 debit

  Lease payable   716,072.53 credit

interest expense 64,446.53 debit

   lease payable      64,446.53 credit

Explanation:

We record the lease payment present value:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 100,000.00

time 12

rate 0.09

100000 \times \frac{1-(1+0.09)^{-12} }{0.09} = PV\\

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4 0
2 years ago
In what areas is Leslie's underspending<br> hurting her budget?
Jlenok [28]

Leslie's budget is hurting in the areas of transportation, groceries, phone and dining out.                                                                                                                                                    

<u>Explanation:</u>

For transportation, cash is required for every day. So Leslie is spending more on transportation every month. Forgoing back and forth out anyplace she will burn through cash on transportation.  

She is likewise spending cash on goods. Staple goods will be an essential one for living these days. So the financial backing is harming here.  

She is spending another hand on the telephone and eating out. For the telephone, she will energize each month. She will feast out with companions each day.

5 0
2 years ago
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Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons
sashaice [31]

Answer:

Quality Timber Pty Ltd

In this scenario, the performance norms are _below-average____ and cohesiveness is _ high____, so productivity is _low___.

Explanation:

It has been established that group norms influence individual behavior and group performance.  Performance Norms refer to how a person should work in a given group and what his or her output should be.

Cohesion, according to wikipedia.com, "can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members."  Employees of the packaging department tend to be enjoying so much group cohesiveness.  But, they need to break some habits to focus on achieving corporate goals by increasing their productivity.

According to Paul Krugman of the Organization for Economic Co-operation and Development, "Productivity is commonly defined as a ratio between the output volume and the volume of inputs.  In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output."  A rough assessment of the packaging department employees' performance shows low productivity, as they are "consistently behind schedule and take long lunch breaks, and frequently chat with co-workers," instead of concentrating on their jobs.

8 0
2 years ago
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