The table shows the terms of a fixed-rate mortgage. A 2-column table has 4 rows. The first column is labeled Component with entries (P) Principal, (R) Monthly interest rate, (n) Total number of monthly payments (30-year term), (M) Monthly payment. The second column is labeled Cost with entries 200,000 dollars, 0. 4 percent, 350, 1059 dollars and 85 cents. Which formula should be used to correctly calculate the monthly mortgage payment? M = P StartFraction Left-bracket R (1 minus R) Superscript n Baseline Right-bracket Over (1 R) Superscript n Baseline EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over Left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction R Over left-bracket (1 R) Superscript n Baseline minus 1 Right-bracket EndFraction M = P StartFraction Left-bracket R (1 R) Superscript n Baseline Right-Bracket Over (N R) EndFraction.
Answers
The monthly mortgage payment M is determined by taking into consideration the total amount of mortgage, the time period for the mortgage, and the rate of interest charged over the entire principal amount.
The formula to be used for the calculation of the monthly mortgage payment is:
[tex]M=P\dfrac{[R(1+R)^n]}{[(1+R)^n-1]}[/tex]
Where,
[tex]P[/tex] = Principal amount of $200,000
[tex]R[/tex] = Rate of interest of 0.4% per month
[tex]n[/tex] = number of mortgage payments that is 30 years
[tex]M[/tex] = Monthly payments
Thus, based upon the chosen formula the mortgage payment for each month will be determined that will be inclusive of the principal amount and the interest amount at the rate of 0.4% at the beginning or end of each month.
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Answer:
B. [tex]M=P\frac{[R(1+R^{n})]}{[(1+R)^{n}-1 ]}[/tex]
Explanation:
Correct on edg quiz 2022
Related Questions
Producing goods only enough to meet the basic needs of the family is called
Subsistence Production
Surplus Production
Domestic Production
Export Production
Answers
Answer:
Domestic production
Explanation:
Domestic production means we make things only to satisfy our household needs of family.In simple words the production which is made not in the intention of business is called Domestic productionIf Honduras wanted to trade goods with China, how would they negotiate the treaty? A. Through the WTO B. At a meeting of business executives C. Through representatives elected from each country D. Through a multinational corporation.
Answers
Answer: they would do it though A, the WTO. hope this helps!
Explanation:
Answer:
A
Explanation:
How is the annual percentage rate (APR) on a loan different
from the interest rate?
O A. The APR is offered only on credit cards.
B. The APR can be compounded.
C. The APR includes interest and fees.
D. The APR differs between different lenders.
Answers
The answer to your question is C. The APR includes interest and fees
rent seeking is the lobbying for special treatment from the _____ to _____ or to divert consumer surplus or producer surplus away from others.
Answers
Answer: government; create economic profit
Explanation:
If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
Answers
Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and charges rent of $833 per month. Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year? a. $127,250 b. $149,940 c. $35,185 d. $102,260.
Answers
The total amount Vincent will make each year from the apartments will be $127,250.
Computation:
Given,
Number of rental units =15The total amount paid in the form of taxes and for upkeeping of the building is $22,690.Charges for the rent of each apartment for each month are $833.
First, total rental income from all the 15 apartments for the entire year is computed as follows:
[tex]\begin{aligned}\text{Income from Rental Apartments}&=\text{Rent per month}\times\text{Total Units}\times12\\&=\$833\times15\times12\\&=\$149,940\end{aligned}[/tex]
Now, the net income is computed based upon the total income and total expense:
[tex]\begin{aligned}\text{Net Income}&=\text{Income from Rental Apartments}-\text{Taxes and Building Upkeep}\\&=\$149,940-\$22,690\\&=\$127,250\end{aligned}[/tex]
Therefore, option a. $127,250 is correct for the net income of Vincent from the rental property after paying off the taxes and charges for upkeeping the building every year.
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Answer:A) $127,250
Explanation:edge
You have been invited to give a speech at a local restaurant. The person who is hosting the event has asked you to speak for 15 minutes on a topic of your choice. Walk though the process of deciding what to talk about and discuss the reasons and methods you would use to make an effective choice.
Answers
Give me some hint please
Answer:
talk about the recipes
Explanation:
the use of money and credit controls to change the macroeconomy is
Answers
According to economic theory, using money and credit controls to change the macroeconomy is "Monetary Policy."
What is Monetary Policy?Monetary Policy is the policy or method by which government controls the amount of money in circulation in an economy.
Monetary policy can increase or reduce rue money in an economy.
The three primary tools of Monetary Policy are:Reserve requirementsDiscount rateOpen market operationsHence, in this case, it is concluded that the correct answer is Monetary Policy.
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Customer ________ is the unique combination of benefits received by targeted buyers that includes quality, convenience, on-time delivery, and both before-sale and after-sale service at a specific price.
Answers
The unique combination of the various benefits a target buyer receives can be referred to as: customer value.
What is Customer Value?Customer Value can be described as the perceived benefits a customer derives from purchasing a product or service when compared to other alternative of same products.Customer value = benefits less cost.Therefore, the unique combination of the various benefits a target buyer receives can be referred to as: customer value.
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The Johnsons are buying a house that costs $210,000 and can afford a 20% down payment. If the Johnsons want the lowest monthly payment, which loan option would you recommend? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25% b. 30 year fixed, 20% down at a fixed rate of 6% c. 30 year fixed, 10% down at a fixed rate of 6% d. 15 year fixed, 20% down at a fixed rate 5. 5%.
Answers
If the Johnsons want the lowest monthly payment, the recommended loan option is Option b.
Data and Calculations:Cost of house = $210,000
Down payment = 20% or $42,000 ($210,000 x 20%)
Loan = $168,000 ($210,000 - $42,000)
Monthly Payments:Option a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25%:
Cost of house = $210,000
Down payment = 3.5% or $7,350 ($210,000 x 3.5%)
Loan = $202,650 ($210,000 - $7,350)
Result:
Monthly Payment = $1,247.75
Sum of all periodic payments = $449,190.33
Total Interest = $246,540.33
Option b. 30 year fixed, 20% down at a fixed rate of 6%
Cost of house = $210,000
Down payment = 20% or $42,000 ($210,000 x 20%)
Loan = $168,000 ($210,000 - $42,000)
Result:
Monthly Payment = $1,007.24
Sum of all periodic payments = $362,608.16
Total Interest = $194,608.16
Option c. 30 year fixed, 10% down at a fixed rate of 6%
Cost of house = $210,000
Down payment = 10% or $21,000 ($210,000 x 10%)
Loan = $189,000 ($210,000 - $21,000)
Result:
Monthly Payment = $1,133.15
Sum of all periodic payments = $407,934.18
Total Interest $= 218,934.18
Option d. 15 year fixed, 20% down at a fixed rate 5. 5%
Cost of house = $210,000
Down payment = 20% or $42,000 ($210,000 x 20%)
Loan = $168,000 ($210,000 - $42,000)
Result:
Monthly Payment = $1,372.70
Sum of all periodic payments = $247,086.04
Total Interest = $79,086.04
Thus, if the Johnsons want the lowest monthly payment, the recommended loan option is Option b with a monthly payment of $1,007.24.
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Johnson's should opt for a loan with interest rate of 6.25% ; period of 30 years and a down payment of 20% of the loan amount. So, the correct option that matches the query is B.
The calculation of the interest can be done by using the simple interest. Under Simple interest method, the loan is calculated only on the principal amount and not on the interest.
Housing Loans The calculation when the down payment of 20% is made upfront the calculation will be shown as $42000. So, the interest will be charged only on the remaining balance of $168,000. The calculation can be shown as below,[tex]\rm Amount= \dfrac{Principal\ x\ Rate\ of\ Interesr\ x\ Time}{100}\\ \\\\ \rm Amount= \dfrac{168000\ \rm x\ 6\ \rm x\ 360}{100}\\ \\ [/tex]The interest to be paid each year will be calculated as under for a total number of 30 years.[tex]\rm Interest\ per\ Year= \dfrac{36288}{30}[/tex]So total interest to be paid each year will be $1209.6 which is lower than all the other options available in the hands of Johnson's.Hence, the correct option is B that it would be beneficial for Johnson's to opt for 20% down payment at an interest rate of 6% and for a period of 30 years.
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The equilibrium quantity in markets characterized by oligopoly is:
Answers
It should be noted that equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.
An oligopoly can be regarded as a market which posses a small number of firms, and these firms posses some interdependency as regards the pricing and output policies.
The equilibrium quantity in markets as regards oligopoly is different from Monopoly because the equilibrium here is usually high.
Therefore, in oligopoly equilibrium quantity in markets is usually more compare with monopoly markets.
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Government plays a role in all economic systems.
a
True
b
False
Answers
Based on different economic system analyses, it is true that government plays a role in all economic systems.
How does Government play a role?Generally, whether capitalist economic system socialist economic system, the government still plays a role.
For example, in the capitalist economic system, government plays the role of regulatory and complementary responsibilities.
While in a socialist economic system, the government takes more comprehensive roles such as production and distribution.
Hence, in this case, it is concluded that the correct answer is "True."
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Use this example from a fixed-rate mortgage calculator to help you answer the questions. Keep the page open after you complete this question. According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.
Answers
Answer:
C, $669
Explanation:
Edge 2022
The closest answer is $877, which may be the monthly payment for a different loan amount or interest rate.
What is interest rate?The interest rate is the amount charged by the lender to the borrower in addition to the principal amount.
In terms of the receiver, a person who deposits money in any bank or financial institution earns extra money due to the time value of money, which is referred to as interest received by the depositor.
Using the provided information, we can calculate the monthly payment for the fixed-rate mortgage using a mortgage calculator.
Plugging in the numbers into a mortgage calculator, assuming monthly payments, we get:
Principal: $170,000
Term: 30 years
Interest rate: 4.25%
Thus, the calculated monthly payment for principal and interest is $834.82.
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What is the name of the tab that becomes available after you add and select an image in your PowerPoint presentation?
Home
Insert
Picture
View
Answers
Answer: Picture tab
Explanation:
When you insert a picture, PowerPoint for the web places the picture on your slide and puts a Picture tab on the ribbon. With the picture selected, click the Picture tab.
35. Eighteen percent of a circle graph is shown by a section of (1 point)
O 36 degrees.
O 64.8 degrees
O 18 degrees
0 48 degrees
Answers
Answer:
I looked it up and it said 68.4 percent, but I'm taking the test right now so I'll come back when I'm done
who is the supervisory body for the federal reserve system?
Answers
Answer:
The Board of Governors--located in Washington, D.C.--is the governing body of the Federal Reserve System. It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.
Explanation:
Which alignment aligns text in relationship to the top and bottom margins?
Horizontal alignment
Left alignment
Right alignment
Vertical alignment
Answers
Answer:
Vertical Alignment.
Explanation:
It refers to the text alignment with respect to top and bottom margins.
PLEASE HELP ASAP!!!! (><) IT’S TIMED!!!
Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court
agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.
True
False
———————-———————————
Choose the term that best matches the description given.
To sell the assets of a business, pay the bills and divide the remainder among stakeholders
1. Default
2. Liquidation
3. Collateral
4. Reorganization
——————————————————
Choose the term that best matches the description given.
Equipment, property or funds owned by a business
1. Assets
2. Collateral
3. Lien
4. Trustee
——————————————————
Answers
Gidgits Galore's payment plan under Chapter 11 was rejected by its committee of creditors, and the court
agreed and dismissed its petition. Gidgits Galore now seeks to file a petition in Chapter 7 to liquidate. The bank loaned Gidgits Galore $10,000 and secured the loan with a lien on 1,000 gidgits but did not file a financing statement. The bank is an unsecured creditor.
True
False
Choose the term that best matches the description given.
To sell the assets of a business, pay the bills and divide the remainder among stakeholders
1. Default
2. Liquidation
3. Collateral
4. Reorganization
Choose the term that best matches the description given.
Equipment, property or funds owned by a business
1. Assets
2. Collateral
3. Lien
4. Trustee
The answers to the questions have been given below
1. It is true that the bank is an unsecured creditor.
2. Liquidation is to sell the assets and share the proceeds among stakeholders.
3. Collateral is the Equipment, property or funds owned by a business.
What does it mean to be liquidated?This refers to the fact that the business is about to go on a shutdown. The assets that the business owns would then have to be shared among all the people that have stakes in it.
Collateral is the property that is used to get a loan. It refers to what the business would give in exchange for the funds that they are to loan.
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Analyse why the social benefit of education exceed the private benefit
Answers
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
How is Biden an affect on America.
Answers
A broker offered to list a prospective client's home only if the client agreed to let the broker find a new home for him. This is an example of A) a good deal for the prospective client. B) smart marketing by the broker. C) an illegal tie-in agreement. D) an acceptable arrangement if any cooperating broker in either transaction agrees to accept a reduced commission.
Answers
An example of illegal agreement is when the broker offered to list the prospective client's home if the client agreed to let him find a new home for him.
An illegal agreement refers to when a contract is agreed upon for an illegal reason where such reason are against the law.
The act of the broker in this case is seen as illegal because he is only suppose to negotiate and bargain.
Hence, the example of illegal agreement is when the broker offered to list the prospective client's home if the client agreed to let him find a new home for him.
Therefore, the Option C is correct.
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A random sample of respondents would be distributed randomly, half to the experimental group and half to the control group. A pretest questionnaire would be administered to the respondents in both groups to obtain a measurement on attitudes toward Pepsi advertising, brand, and celebrity; only the respondents in the experimental group would be exposed to the TV program containing the Pepsi commercial. Then, a questionnaire would be administered to respondents in both groups to obtain posttest measures on attitudes toward Pepsi advertising, brand, and celebrity. Which of the following experimental design best represents the above scenario?
a. one-shot case study
b. one-group pretest-posttest design
c. after-only with control group design
d. before and after with control group design
e. interrupted time-series design
Answers
The experimental design which best represents the above random survey is: B. one-group pretest-posttest design.
An experimental design can be defined as a research method (concept) in which a controlled experimental factor is objectively and efficiently subjected to a special treatment (intervention), in order to compare it with a factor (controlled variable) that is kept constant. Thus, it is used to maximize precision in an experiment and to reach a specific conclusion on a hypothesis statement.
Basically, there are three (3) main types of experimental design and these include:
1. Quasi-experimental research design
2. True experimental research design
3. Pre-experimental research design
Under the pre-experimental research design, we have three (3) forms of experimental design and these are:
One-shot case study research designStatic-group comparisonOne-group pretest-posttest designOne-group pretest-posttest research design is mostly used by behavioral researchers to determine the effect of a special treatment (intervention) on a given sample of participants, especially by first utilizing a single group of participants (one-group design) before the treatment is implemented and once after the treatment is implemented.
In conclusion, a one-group pretest-posttest research design is the experimental design which best represents the above random survey.
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Jensen Manufacturing Corp wants to buy land for a distribution center in a new industrial park near Oakland International Airport. They made their offer in the name of Western Associates, LLC so as to not alert their competitors of the attempted purchase. Jensen Manufacturing is which type of principal?
Answers
Based on the information given regarding Jensen Manufacturing Corp, it can be deduced that it's a partially disclosed principal.
A partially disclosed principal simply means a principal whose agent reveals that he has a principal but the true identity of the person isn't known.
From the information given, since Jensen Manufacturing Corp wants to buy land for a distribution center in a new industrial park near Oakland International Airport and made their offer in the name of Western Associates, LLC so as to not alert their competitors of the attempted purchase. This is a partially disclosed principal.
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Mystery of the Red Truck
By Sally Nicholls, a local reporter
It has been confirmed that late on the night of the sixth of July, a large red truck ran into the bakery on Maryland Street. After an initial investigation by police, it is now clear that the truck had no driver at all. The locals are asking a simple question: "Where was the driver?"
If the police want to solve this mystery, they will need the CCTV footage from the street. One of the locals said: "We’re all quite worried about a truck with no driver. This truck has never been seen in the neighbourhood before. If we’d seen that truck before, we’d solve this mystery now."
Many locals share the same concerns. They want to know what’s happening in their town. A witness at the crime scene told police: "There was a loud noise coming from the truck while it was going towards the building and its speed.... it was unbelievable. If it had been going
Answers
The locals didn´t know that the red truck had an old driver, so the answer is False.
To know specific data about a story we must have good reading comprehension to understand every detail of the history of the text. Some tips to improve our reading comprehension are:
Read slowly. Be analytical with the text. Take note of the details. Read daily.
These tips will help us to have better reading comprehension. Now it is time to use these tips to identify if the locals knew the truck driver, it is necessary to reread the text and pay careful attention to each of his sentences. Some phrases that can help us solve this question are:
We're all quite worried about a truck with no driver If it had been going slower, I would've had a chance to see the driver.
According to these sentences, it can be inferred that none of the locals saw the driver, so they cannot know if the driver was old or young or what characteristics he had.
Note: This question is incomplete because the text is incomplete and the question is missing. Here is the complete information:
A witness at the crime scene told police: “There was a loud noise coming from the truck while it was going towards the building and its speed.... it was unbelievable. If it had been going slower, I would’ve had a chance to see the driver. But all I saw was the truck speeding into the bakery as fast as it could. ’’
The police have already spoken with eleven other residents but no one knows any further details about the incident. Superintendent Amanda Slippers remarked: “This is a tough case. The truck licence plate belongs to this town, but nobody has seen it here. According to the town records, the owner of the truck moved away from here years ago. No one knows where to. If we located the owner, we'd probably solve this mystery.’’
If a truck moves, then it has a driver. Well, maybe we should change this basic assumption on account of this mysterious red truck.
The locals knew that the red truck had an old driver.
True
False
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you’ve dreaded it for a while, but now you feel prepared. in 30 minutes you’ll have to terminate tim, a 12-year employee who is beloved by everyone in the firm. unfortunately, he just hasn’t performed very well since his wife died three years ago and while he was given every chance to regain his performance, he has just continued to slide. which of the following elements of communication is least likely to influence tim’s perception of your communication effectiveness?
Answers
Pace is the elements of communication that is least likely to influence tim’s perception of your communication effectiveness
Pace in this context refers to the speed at which the message is passed across to the receiver.
Effective communication entails a conveyed information in an effective and efficient manner.
In conclusion, the Option B is correct because Pace is the elements of communication that is least likely to influence tim’s perception of your communication effectiveness
Missing options includes "A)Tone, B)Pace, C)Indirect Non-verbals, D)Formailty"
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The purposes of ______ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.
Answers
Explanation:
marketing about selling produktivitas
What role does competition play in business and global trade?
Answers
Answer:
Its always a competition
Explanation:
People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.
Planing is the primary function of management.discuss
Answers
Explanation:
it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business
the amount of output in a specific amount of time with a given amount of resources is referred to as:
Answers
Based on the definition described above, the best answer would be Productivity.
Productivity in business is:
The amount of goods produced in a certain amount of time.Based on a limited number of resources.The productivity of a company is what most impacts its success because the higher the productivity, the more goods can be produced and sold to make more profit.
In conclusion, the answer is productivity.
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which statement best explains why money was invented?
Answers
Hope this helps!
Brainliest is much appreciated!