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sergiy2304 [10]
2 years ago
8

Buyer Maria and seller Doug are closing on June 1. Maria’s mortgage loan is $927.86, and $871.86 will go to interest in the firs

t month. Maria will have to pre-pay interest for June using the 360-day proration method. What will her prepaid interest cost be at closing?
Business
1 answer:
ikadub [295]2 years ago
4 0

Answer:

$842.74

Explanation:

Data provided in the question:

Loan amount = $927.86

Interest for the first month = $871.86

Now,

Daily interest rate for 30 days =  \frac{\textup{Interest for a month}}{\textup{Total number of days in a month}}

or

=  \frac{\$871.86}{30}

=  $29.06

Now,

Doug owns the closing day,

Therefore,

Maria will pre-pay interest for 29 days i.e June 2 - 30,

= Daily interest × Number of days

= $29.06 × 29

= $842.74

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The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks
Brut [27]

Answer:

<u></u>

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Explanation:

The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.

The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:

State of the economy    Scenario #(s)     Probability, p(s)    HPR

HPR Boom                         1                            0.336              28.40%

Normal growth                  2                           0.414                7.90%

Recession                          3                           0.25                18.90%

The calculations are:

        E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%

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6 0
2 years ago
A company owns an empty office building and is deciding how to use it next year. It would cost $100,000 to staff the office and
Galina-37 [17]

Answer:

It is more profitable to rent the office. Income will increase by $30,000

Explanation:

Giving the following information:

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Option A:

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Option B:

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5 0
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Answer:

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7 0
2 years ago
Summarize your thoughts, in a minimum of 2 sentences, on why is it important for healthcare workers to be aware of various cultu
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2 years ago
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finlep [7]

Answer:

The answer is given below;

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2 years ago
Read 2 more answers
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