Answer:
Explanation:
the solution is shown in the picture attached below
Answer: 277.61 - option B
Explanation: you borrowed $150000
20-year mortgage at 7.35 percent. Start by dividing 0.0735 by 12 to find that the monthly rate equals 0.0061. Next, add 1 to 0.0036 to get 1.0061. Third, multiply 20 years by 12 payments per year to find that your loan consists of 240 monthly payments. Fourth, raise 1.0061 to the negative 240th power to get 0.2323. Fifth, subtract 0.2323 from 1 to get 0.7676. Sixth, divide 0.0061 by 0.7676 to get 0.007947. Finally, multiply 0.007947 by $150,000 to find your monthly payment will be $1192
Repeat for the second payment by using 11 month instead of 12
Then you will get: 277.61
Correct answer choice is:
D. April 30
Explanation:
The billing cycle for a credit card or whatever sort of cyclical account is the duration of time connecting billings. For instance, a billing cycle may begin on the 1st day of the month and finishes on the 30th day of the month. Or, it may proceed of the 15th of an individual month to the 15th of the following month.
Answer:
350 units
Explanation:
The break even point shows the earnings that the company has to generate to be able to cover all the expenses. The formula to calculate the break even point is:
Break even point= Fixed costs / contribution margin
Break even point= $7,000/0.50
Break even point= $14,000
Now, to determine the break even point in units you have to divide $14,000 by the sales price per unit:
$14,000/$40= 350 units
According to this, the break even point in units is 350.
The most likely based on the options available is that he had a poor credit score (Answer B). As he was interviewing for a bank manager position, it's likely the bank would only want to hire staff with a good credit history.
