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
GenaCL600 [577]
1 year ago
9

You have just signed a contract to purchase your dream house. The price is $120,000 and you have applied for a $100,000, 30-year

, 5.5 percent loan. Annual property taxes are expected to be $2,000. Hazard insurance will cost $400 per year. Your car payment is $400, with 36 months left. Your monthly gross income is $5,000. Calculate:a. The monthly payment of principal and interest (PI).b. One-twelfth of annual property tax payments and hazard insurance payments.c. Monthly PITI (principal, interest, taxes, and insurance).d. The housing expense (front-end) ratio.e. The total obligations (back-end) ratio.
Business
1 answer:
d1i1m1o1n [39]1 year ago
3 0

Answer:

a. 567.7890013

b.200

c.767.7890013

d.15.356%

e.23.356

Explanation:

Please see attachment .

Download pdf
You might be interested in
what's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $1,550 at the end of year 4 if the i
blsea [12.9K]

Answer:

present value = $7402.49

Explanation:

given data

time = 4 year

ordinary annuity = $2,250

interest rate = 5%

solution

we get here present value that is for 4 year with end of year $1,550 will be as

present value = \frac{C1}{(1+r)} +\frac{C2}{(1+r)^2} +\frac{C3}{(1+r)^3} +\frac{C4}{(1+r)^4}    ...............1

here C1 to C3 is $2,250 and C4 is $1,550 and r is rate i.e 0.05

put here value and we will get as

present value = \frac{2250}{(1+0.05)} +\frac{2250}{(1+0.05)^2} +\frac{2250}{(1+0.05)^3} +\frac{1550}{(1+0.05)^4}  

present value = $7402.49

8 0
2 years ago
Fred is a new employee who has been assigned to your team. This is the first time Fred has worked in your country. Aware that he
andreev551 [17]

Answer:

1 Ask Fred to run team meetings in order to get to know people more quickly.

Explanation:

This alternative is the most effective to help Fred adjusting to the team and build cultural competence. There are 2 reasons: 1. The other options did not allow Fred of socializing with team members and take a lesson of them. 2. Cultural competence goes beyond knowing business rules and how to make decisions.

7 0
1 year ago
Edge inc. manufactures new, advanced camera cars and tracking vehicles used in filmmaking. the demand for these products has bee
faltersainse [42]
After thorough researching, if Edge inc. manufactures new, advanced camera cars and tracking vehicles used in filmmaking, then the company should develop or enhance the complementary goods. The correct answer to the following given statement above is to develop and enhance the complementary goods.
8 0
2 years ago
Read 2 more answers
Which of the following statements is true of sampling error? Group of answer choices It occurs when a sample somehow does not re
ludmilkaskok [199]

Sampling error occurs when a sample somehow does not represent the target population.

Answer:

Statement  (A) is true

<u>Explanation:</u>

Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.

If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.

Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.

Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.

8 0
2 years ago
Suppose you and a classmate are playing a game where your classmate proposes a division of​ $1.00. ​ Then, you either accept or
pochemuha

Answer: The correct answers are "A. Accept" and "$ 0.01".

Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:

In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.

And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.

4 0
2 years ago
Other questions:
  • The Green Carpet has current liabilities of $72,100 and accounts receivable of $107,800. The firm has total assets of $443,500 a
    8·1 answer
  • What advice does Bruce G. Smith offer to those interested in a career in marketing or business? (Site 1)
    10·2 answers
  • A(n) ____ goal for a waste management plant could be to "identify barriers to recycling as well as means to overcome those barri
    15·1 answer
  • Compute the number of units available for sale in March. 1(b). Compute the number of units in ending inventory on March 31. 2. C
    7·2 answers
  • You are considering two loans. The terms of the two loans are equivalent with the exception of the interest rates. Loan A offers
    8·1 answer
  • Connor Lamps Inc. purchased factory equipment in January 2015 for $575,000. In March 2018, this equipment was sold for $105,000
    7·1 answer
  • A sporting goods store purchased $7,000 of ski boots in October. The store had $3,000 of ski boots in inventory at the beginning
    6·2 answers
  • Troy starts a job right out of college. He feels lucky to have found a position in the financial industry. Troy knows that he ne
    15·1 answer
  • A business made some changes to its processes, and its productivity increased by 25%. If it previously was able to produce 10, 0
    8·2 answers
  • Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 35
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!