answer.
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
Elenna [48]
2 years ago
12

Prof. Chaos finds a new house he wants to buy for $260,000. After selling his current house he expects to have $80,000 as a down

payment for his new house. What would Prof. Chaos monthly payment be on the $180,000 mortgage he would need if he takes out a 30-year fixed rate mortgage at a 4% nominal annual rate? (round your answer to the nearest cent)
Business
1 answer:
olchik [2.2K]2 years ago
5 0

Answer:

The monthly payment will be for  259.35

Explanation:

we will calculate the couta for an ordinary annuity of 30 years at 4% discount rate

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

PV  $180,000.00

time 360 (30 years x 12 months per year)

rate 4% divided into 12 months: 0.003333333

180000 \div \frac{1-(1+0.003333)^{-360} }{0.003333} = C\\

C  $ 259.348

You might be interested in
Sarah has a flair for architecture. She has had good grades all through college. She wishes to become an architect at the renown
Minchanka [31]

Answer:

<em>Among the attributes Sarah should have about </em><em>SMART goals</em><em> is: </em>

S: Specific: She knows what company she wants to work in and the job she wants to do.

M: Measurable: Get the job.

A: Achievable: her good grades

A: Relevante: her passion for her career and her gift for architecture.

T: Time limit: Not relevant.

Explanation:

The SMART method is used by companies or by individuals to achieve a proposed goal. Generally, the SMART method is used as an orientation method for developing and finalizing the proposed plans to achieve each objective.

For example, in the case of Sarah, throughout her years of study, she developed some attributes that help her identify with the characteristics of SMART goals, to achieve employment.

<em>I hope this information can help you.</em>

5 0
2 years ago
Read 2 more answers
Use the following information . On January 1, 2018, Dennis Company purchased land for an office site by paying $540,000 cash. De
FromTheMoon [43]

Answer:

$82,800

Explanation:

The computation of the amount of interest cost to be capitalized during 2018 is shown below:-

Amount of interest cost to be capitalized = (Borrowed amount × Rate of interest) + ($300,000 ÷ 2 × Rate of interest)

= ($720,000 × 9%) + ($150,000 × 12%)

= $82,800

Therefore for computing the amount of interest cost to be capitalized during 2018 we simply applied the above formula.

8 0
2 years ago
As the owner of an art gallery with a keen eye for upcoming talent, you find a painting that you feel is sure to net a large pro
pickupchik [31]

Answer:

I would rather sign a contract with talent for a relatively short period say 5 months where I would pay $5000 per month or I would increase the amount paid for the painting to $10000 or $15000

Explanation:

A huge momentarily reward can blind long term gain and during this period.

8 0
2 years ago
If Local Co. had an increase in selling expenses of $300,000​, how would that affect each of its​ margins?  ​
wariber [46]

Answer:

D. Selling expenses do not affect the gross​ margin, but the increase in such expenses will decrease the other margins.

Explanation:

As Selling expenses are charged after gross Income or profit. So, it will not effect the gross income / profit. Other margin are calculated after adjusting the selling expenses, so that will be effected. Operating Margin and Net profit margin are both effected by change in the selling expenses.

Following is the Format of income statement

Sales

Less: Cost of Sales

Gross income / Profit

Less: Operating expenses

Admin Expenses

Selling Expenses

Other Expense

Operating Income / Profit

Less: Interest expense

Less: Tax

Net Income / Profit

6 0
2 years ago
Generally, filmmakers want movie titles that are short, memorable, appealing to consumers, and without legal restrictions. These
Paladinen [302]

<u>Answer:</u>

<em>Filmmakers want movie titles that are short, memorable, appealing to consumers, and without legal restriction to </em><u><em>appeal to multiple cultures </em></u>

<em></em>

<u>Explanation:</u>

Many independent filmmakers are amazed at the measure of exertion and ability required to verify a fair conveyance understanding. With the emotional increment in an autonomous generation, it is evident that numerous movie producers have aced the skills expected to confirm the cash and hardware and deliver the film.

Subsequently, if the Filmmaker has skillfully made content into an engaging film, the movie producer might have the option to get a superior arrangement.

4 0
2 years ago
Read 2 more answers
Other questions:
  • Applying Factory Overhead Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor
    10·1 answer
  • Skysong, Inc. sells equipment on September 30, 2019, for $17,400 cash. The equipment originally cost $72,400 and as of January 1
    7·1 answer
  • An advantage of FIFO is that it assigns the most recent costs to cost of goods sold and does a better job of matching current co
    14·1 answer
  • Yard Designs (YD) experienced the following events in 2018, its first year of operation: 1. On October 1, 2018, YD collected $54
    10·1 answer
  • On July 15, 2021, Ortiz &amp; Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price o
    12·1 answer
  • Tee Time Golf Resort has the opportunity to buy 1,000 acres of property adjacent to its award-winning 18-hole golf course. After
    7·1 answer
  • Which of the following is​ TRUE? A. ​Time-function mapping extends the value analysis back to suppliers. B. ​Value-stream mappin
    8·1 answer
  • David Wallace was the president, chairman of the board of directors, and majority shareholder of Paper Imports, Inc. Acting as p
    10·1 answer
  • Your marketing research team has presented you with the research on the external marketing environment. Your first task is to gr
    9·1 answer
  • Kier Company issued $700,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 4-year term to mat
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!