You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?​

Answers

Answer 1

Answer:

The correct answer is "$10,607.92".

Explanation:

Given:

Amount borrowed,

P = 100000

Interest rate,

r = 10%

or,

 = 0.1

Time,

= 30 years

Now,

The annual payment will be:

⇒ [tex]A=P\times \frac{r(1+r)^n}{(1+r)^n-1}[/tex]

       [tex]=100000\times \frac{0.1(1+0.1)^{30}}{(1+0.1)^{30}-1}[/tex]

       [tex]=10,607.92[/tex] ($)


Related Questions

Peterkin Inc needs to arrange financing for its expansion program. Sandy Bank offers to lend Peterkin the required funds on a loan in which interest must be paid monthly, and the quoted rate is 6 percent. Money Plus Bank will charge 6.8 percent, with interest due at the end of the year. Which bank should Peterkin take the loan from

Answers

Answer:

Sandy Bank

Explanation:

to determine which bank  Peterkin would prefer a loan from, calculate the effective annual interest rate

the bank with the lower effective annual interest rate would be preferred

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

Sandy Bank : (1 + 0.06/12)^12 - 1 = 0.062 = 6.2%

Money Plus Bank = 6.8

Sandy bank has a lower effective annual interest rate and would be preferred for the loan

Tại sao nói Marketing vừa là khoa học, vừa là nghệ thuật?

Answers

Answer:

Sorry I can't understand.....

You are given the following facts about a 40% owner of an S corporation, and you are asked to prepare her ending stock basis.

Owner's beginning stock basis $36,800
Increase in AAA 32,000
Increase in OAA 6,300
Payroll tax penalty 2,140
Tax-exempt interest income 4,800
Life insurance premiums paid (nondeductible) 2,700
Owner's purchases of additional stock 22,000

Answers

Answer:

$74,120

Explanation:

Preparation of her ending stock basis

ENDING STOCK BASIS:

Beginning stock basis $36,800

Add:Increase in AAA $12,800

(.40 * $32,000)

Add:Increase in OAA $2,520

(.40 * $6,300)

Add:Stock purchase $22,000

Total Ending stock basis $74,120

Therefore her ending stock basis is $74,120

The accounting records of Whispering Winds Corp. show the following data. Beginning inventory 3,010 units at $6 Purchases 8,130 units at $8 Sales 9,090 units at $11. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method.

Answers

Answer:

$66,700

b. LIFO = $70800

67807.81

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

(8130 x 8) + [(9090 - 8130) x 6) = 70800

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

(3010 x 6) + [(9090 - 3010) x $8] = 66,700

Average cost = [(3010 x 6) + (8130 x 8)] /

18060

48640

b 65040

5760

g e-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions. Which of the following terms best describes Futura-Core's abilities in comparison to Core-Dynamix? A. absolute advantage B. collective bargaining C. comparative advantage D. competitive advantage

Answers

Complete Question:

Futura-Core Technologies, an electronics manufacturing firm, has advantages in financial capability and sustainability, but a disadvantage in speed of innovation. It is also at a disadvantage relative to Core-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions.

Answer:

C. comparative advantage

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

Generally, comparative advantage gives a country or business firm a stronger sales margin than their competitors because they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Hence, the term which best describes Futura-Core's abilities in comparison to Core-Dynamix is comparative advantage.

Martha B's has total assets of $1,810. These assets are expected to increase in value to either $1,900 or $2,400 by next year. The company has a pure discount bond outstanding with a face value of $2,000. This bond matures in one year. Currently, U.S. Treasury bills are yielding 5.5 percent. What is the value of the equity in this firm

Answers

Answer:

$7.24

Explanation:

PV at the risk free rate = $1,900 / (1 + 0.055)

PV at the risk free rate = $1,900 / 1.055

PV at the risk free rate = $1,800.95

Number of options needed = (2,400 - 1,900) / (400 - 0)

Number of options needed = 500 / 400

Number of options needed = 1.25

Total assets = (No of options needed*Value of equity) +  Present value at the risk free rate. Let Value of equity be C0

$1,810 = (1.25*C0) + $1,800.95

$1,810 - $1,800.95 = 1.25*C0

C0 = $9.05 / 1.25

C0 = $7.24

So, the Value of equity in this firm is $7.24.

Installing an automated production system costing $300,000 is initially expected to save Zia Corporation $52,000 in expenses annually. If the system needs $7,500 in operating and maintenance costs each year and has a salvage value of $30,000 at year 10, what is the IRR of this system

Answers

Answer:

8.87%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-300,000

Cash flow each year from year 1 to 9 = $52,000  - $7,500  = $44500

Cash flow in year 10 =  $44500 + $30,000 = $74500

IRR = 8.87%

To determine the value of IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

The Allowance for Bad Debts account had a balance of $10,600 at the beginning of the year and $12,200 at the end of the year. During the year (including the year-end adjustment), bad debts expense of $18,800 was recognized.
Required:
Calculate the total amount of past-due accounts receivable that were written off as uncollectible during the year. (Hint: Make a T-account for the Allowance for Bad Debts account, plug in the amounts that you know, and solve for the missing amount.)
Bad debt write-offs _________

Answers

Answer:

Written off = $17,200

Explanation:

                               Allowance for Bad Debt Account

Debtors (Write off) (Bal. fig)  $17,200     Beginning Bal.         $10,600

                                                                 Bad debt expense  $18,800

Ending Balance                     $12,200

Thus, the total amount of past-due accounts receivable that were written off as uncollectible during the year is $17,200.

In the simple Keynesian model, there are three simplifying assumptions. Among these assumptions is: __________

a. the price level is flexible no foreign sector
b. the price level is constant until
c. the economy reaches its full-employment level
d. the money supply always rises b and c

Answers

Answer: B and C

No foreign sector

The price level is constant until the economy reaches its full-employment level

Explanation:

Keynesian economics refers to the theory that relates to total spending in the economy and how it affects output, Inflation and employment in the economy.

Assumptions of the Keynesian Model include:

• No foreign sector as economy is closed.

• Demand creates its own supply.

• The aggregate price level is fixed. ...

• The price level is constant until the economy reaches its full-employment level

• No retained earnings etc.

Prepare a Master Schedule given the following information:
Forecast for each week for an eight-week schedule is 75 units.
The Master Production Schedule (MPS) rule is to schedule production if the projected on-hand inventory would be negative without it.
Committed customer orders are as follows:
WeeWeek CjusCustomer order
1 75
2 53
3 26
4 18
Use a production lot size of 100 units and no beginning inventory.
Week
1 2 3 4 5 6 7 8
Forecast 75 75 75 75 75 75 75 75
Customer Orders 75 53 26 18 0 0 0 0
Projected On-Hand Inventory
MPS
Formulas for Projected On-Hand Inventory
Week 1 = Beginning Inventory + MPS – MAX (Forecast:Customer Order)
Highest number
Weeks 2 – 8 = Previous Week Inventory + MPS – (Forecast: Customer Order)
Because the problem says we cannot have any negative inventory, then we require MPS shipments to come in. When a shipment comes in, it is in lots of 100. In this problem, MPS will be added for Weeks 1,2,3 and Weeks 5, 6, 7. No MPS shipments are expected in Week 4 or Week 8.

Answers

Answer:

Master Production Schedule (MPS)

Week                                              1      2      3      4      5      6      7       8

Forecast Customer Order         75   75    75    75    75    75    75    75

Customer Orders                       75   53    26    18      0      0      0      0

Projected On-Hand Inventory   25   50    75     0     25   50    75      0  

MPS                                           100  100  100     0    100  100  100      0

Explanation:

a) Data and Calculations:

Master Production Schedule (MPS)

Week                                              1      2      3      4      5      6      7       8

Forecast Customer Order         75   75    75    75    75    75    75     75

Customer Orders                       75   53    26    18      0      0      0      0

Projected On-Hand Inventory    

MPS                                            

Formulas for Projected On-Hand Inventory

Week 1 = Beginning Inventory + MPS – MAX (Forecast:Customer Order)

Highest number

Weeks 2 – 8 = Previous Week Inventory + MPS – (Forecast: Customer Order)

Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open up and put money into a Roth IRA in your child's name so that she can benefit from many years of compounding

Answers

Answer:

No.

You cannot open up and put money into a Roth IRA in your child's name.

Explanation:

The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income.  This means that only a child that has earned income can have an IRA opened for him or her.  As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.

If Fees Earned has been credited, it is most likely that:
A. a correcting entry for the overstatement of revenue was recorded. B. a customer paid in advance
C. services were provided.
D. the owner made an investment.​

Answers

Answer:

C. services were provided.

Explanation:

If Fees Earned has been credited, it is most likely that: "services were provided."

For fees to be earned it means something must have been done in exchange for the fee. Considering this is a business-related issue, then it is correct to conclude that "If Fees Earned has been credited, it is most likely that: services were provided."

Option A is not correct because the overstatement of revenue is not related to the fee warmed being credited.

Option B is not correct, because a payment made in advance does not correlate to a fee earned. Option D is not correct as well, because an investment has nothing to do with a few earned.

Bayou Financial Corporation holds a security interest in property owned by Cajun Farms. Perfection of this security interest may not protect Bayou against the claim of:_______

a. a bank.
b. a buyer in the ordinary course of business.
c. a subsequent lien creditor.
d. a trustee in bankruptcy.

Answers

Answer:

a

Explanation:

mwakilembe Co.ltd is a micro business which buys and sell toys on 1 January 2020 the company predicted its annual sales to be 1000000 units. Each order would cost the company TZS 80 . The company pays TZS 160 per unit of a product. Estimated inventory carrying costs are 25 percent of inventory value. Establish the EOQ units.

Answers

Answer:

2000

Explanation:

Given:

Annual DEMAND, D = 1,000,000

Holding cost, H = (I * C)

Cost per order, S = 80

Unit cost, C = 160

Holding cost (%) = 25% = 0.25

The Economic order quantity :

EOQ = √[(2 * D * S) / (I * C)]

EOQ = √[(2 * 1000000 * 80) / (0.25 * 160)]

EOQ = √[(160000000) / 40]

EOQ = √4000000

EOQ = 2000

Warner Company purchases $52,200 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,900 of the raw materials and $44,200 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. g

Answers

Answer and Explanation:

The journal entry is given below:

Work in process - finishing department $28,800 ($62,200 - $44,200) × 160%

Work in process - assembly department $70,720 ($44,200 × 160%)

    To Manufacturing overhead $99,520

(Being the overhead allocated to assembly and finishing department)

Here the work in process is debited as it increased the assets and the manufacturing overhead is credited as it decreased the expesne

Debt levels across industries vary widely. Debt ratios in most countries are considerably less than 100 percent. Some firms use no debt. Capital structures are fairly constant across industries. Most corporations have relatively low debt-asset ratios.

Answers

Complete Question:

Which one of the following is not empirically correct?

A. Debt levels across industries vary widely

B. Debt ratios in most countries are considerably less than 100 percent.

C. Some firms use no debt.

D. Capital structures are fairly constant across industries.

E. Most corporations have relatively low debt-asset ratios.

Answer:

The not empirically correct statement is:

D. Capital structures are fairly constant across industries.

Explanation:

Instead, the capital structures across industries vary significantly.  Firms with large asset investments tend to have more leverage than others with less asset investments.  And this situation of having or not having large investments in assets cuts across firms in the same industry.  This suggests that their capital structures will always vary not because of the industry but the choices made by the firm's management.  Capital structures are also influenced by taxes and operating income uncertainties, which also vary within the same industry.

Melanie is the director of human resources for a small manufacturing firm. She has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies. If the firm decides to upgrade its network, Melanie will probably function in what role in the firm's buying center

Answers

Answer:

Influencer

Explanation:

An influencer is a person that has the ability to affect the purchasing decision of customers through their authority, position, relationship, or relationship.

They have good social relations and this is an asset in directing customer buying decision.

In the given scenario Melanie has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies.

This knowledge will be beneficial in the buying centre, where she can be an influencer.

Knowing what you have learned about customer service situations, why do win-lose situations often become lose-lose situations? What can an employee do to avoid this from occurring?

Answers

Answer:

Explanation:

In business a win-lose situation would mean that one is correct while the other is wrong. This often becomes a lose-lose situation because one party will get upset and refuse to do business with the other party, this means that one party ultimately loses out on the profit of the potential transaction and the other party loses out on the product/service that they wanted. Therefore, making it a lose-lose situation. The best thing that an employee can do is to de-escalate the situation and look for an alternative solution so that the customer leaves happy, the business gets the transaction, and they do not lose money or customers.

Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts payable increased by $4,000 and depreciation expense of $5,000 was recorded. Net cash provided by operating activities for the year is Group of answer choices

Answers

Answer:

Net income from operating activities = $77000

Explanation:

Below is the calculation for Net income from operating activities:

Given the net income = $60000

Decrease in accounts receivable = $8000

Increase in accounts payable = $4000

Depreciation = $5000

Add the values in the net income in order to get the net income from operating activities.

Net income from operating activities = 60000 + 8000 + 4000 + 5000

Net Income from operating activities = $77000

If an employee always stays on-task and
typically finishes work in a timely
manner, what type of control is required?
A. Flexible
B. Close
C. Limited
D. Open

Answers

the answer is c because hes limited to what he can controll

State and explain elements of organizational structure?

Answers

Answer:

Explanation:

Organizational structure could be explained as a connected workflow through which an organization is strategically setup to operate.

Five elements create an organizational structure: job design, departmentation, delegation, span of control and chain of command

Job design : This element allows the definition of individual job role, the demands of each job position, duties, responsibilities and the key performance indicators.

Departmentation : Here, individual job roles which seems similar and have similar requirement are grouped into a certain defined category called department. Deparmentation may be ascribed based on task, job role, task force and so on.

Delegation : This involves process handling and management, each process and logical department has to be headed by a defined individual or group of persons.

Span of control : Definitions control and authority such that delegates know their limits and when to initiate their organizational power.

Chain of command : This is crucial as organizations aee arranged and operated hierarchically, the command line is defined such that it makes reporting easier.

Danielle has loaned $500 to Richard at a 4% annual rate of interest for one year. If the inflation rate is constant at 7% for the entire term of the loan, how much purchasing power is lost after Richard repays the loan in full

Answers

Answer:

$15

Explanation:

In order to calculate the purchasing power lost the following formulae will be used:

Purchasing power lost = Loaned amount * (inflation rate - nominal rate)

Purchasing power lost = $500 * (0.07 - 0.04)

Purchasing power lost = $500 * 0.03

Purchasing power lost = $15

Hence, the purchasing power lost after Richard repays the loan in full is $15.

A dispute between labor and management at an automobile production plant has effectively stopped production for 2 months and has cost the company a tremendous amount of money. Despite the use of third parties, neither side can agree on a solution, but they do agree that the dispute must be settled soon. How should this dispute at this stage be settled

Answers

Answer:

Arbitration

Explanation:

The arbitration process seems to be the best way to make the settlement process happen in this case. The arbitration process will be between labor and management as an impartial third party (arbitrator or arbitral tribunal) takes charge of the process. Once both parties have agreed to arbitraueb, the arbitrator then proffers powerful ways of ensuring dispute resolution in such a way that a mutual agreement is reached by both labor and management. Even though proferred solution shouldn't be compulsorily adopted by the conflicting parties.

If a perfectly competitive firm raises its price, the quantity demanded of its product ____________. a. diminishes temporarily in the short run b. falls to zero c. stays the same d. falls below marginal cost

Answers

Answer:

B. Fall to Zero

Explanation:

In a perfectly competitive market, product cost are all relatively the same. If a firm decides to raise its price on a product it's demanded quantity becomes relatively nonexistent due to the other competitors whos prices have either remained the same or even dropped in price.

XYZ has the following for the January budget: Budgeted sales are $210,000; Cost of goods sold averages 66% of sales; Marketing costs are $3,600; Distribution costs are $5,300; Administrative costs are $10,100. The budgeted nonmanufacturing costs are

Answers

Answer:

Budgeted manufacturing cost= $138,600

Explanation:

Giving the following information:

Budgeted sales are $210,000

Cost of goods sold averages 66% of sales

To calculate the budgeted manufacturing costs, we need to use the following formula:

Budgeted manufacturing cost= sales*COGS ratio

Budgeted manufacturing cost= 210,000*0.66

Budgeted manufacturing cost= $138,600

For years, Luke has had the idea of making his own business. As Luke will realize, he will face three basic economic questions. What are these questions?

a. When, How, For whom
b. Who, when, why
c. What, How, for whom
d. What, When, How

Answers

d is the answerrrrrrr

Enterprise mashup technology does not provide a mechanism to easily customize and share knowledge throughout the company.

a. True
b. False

Answers

I think it’s true hope this help
The answer is true. Hope it helped

Which type of communication technology is attractive to businesses
because it eliminates travel expenses by allowing simultaneous
communication globally?
O Groupware
Extranets
Intranets
Hotspots
Client-server networks

Answers

It is electronic conferencing

What is the meaning of assessment

Answers

Answer:

the meaning of assessment is the evaluation or estimation of the nature, quality, or ability of someone or something. like your being tested on you knowledge of something, so you have a test.

Explanation:

Answer:

the act of judging or deciding the amount, value, quality, or importance of something, or the judgment or decision that is made.the evaluation or estimation of the nature, quality, or ability of someone or something.

Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, consumer surplus will

Answers

Answer: fall by less than $50.

Explanation:

The options are:

• fall by more than $50.

• fall by less than $50.

• rise by less than $50.

• rise by more than $50.

Expert Answer

Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.

Based on the question, the total Price paid is: 50 × $4 = $200

Total Revised Price = 50 × $5 = $250

Therefore, there will be a fall by $50 that's ($250 - $200).

Other Questions
Put this sentence together by using ir + a + infinitive.Ella / ir / a / tomar / el examen. Select the correct answer.What is the mood of the poem?A. indignantB. doubtfulC. overwhelmedD. conciliatoryTEXTfrom The Black Mans Plea for Justiceby Ephraim David TylerHear me, statesman,I am pleading to defendThe black mans cause.Will you give me the protectionto outline your laws?Will your lawyers plead my casesin your courts?Am I not a citizen?I pay dear for transportationover all your railroad track.I come up to every requirementand I will always pay my tax.And when I dont fill in blanks correctly,will you kindly teach me how?Ruling power of this nation,will you give me justice now?I prepared your wedding supperand I dug your fathers grave.I did everything you asked mejust because I was your slave.I helped build your great bridgesand I laid your railroad steel.Oh, I been a mighty powerin your great financial wheel.And when I dont do jobs correctlywill you kindly teach me how?Ruling power of this nationwill you give me justice now? The y value is two less than twice the x-value The volume of this cone is 83.7 cubic meters. Find the DIAMETER. SHOW ALL WORK Consider the inequality -20.2 > 0y. Which of the following must be true? Check all that apply.1.You cannot divide by zero.2.The inequality is equivalent to -20.2 > 0, which is false.3.The solution is y > 0.4.The solution is 0 > y.5.The solution is y = 0. PLEASE HELPP MEEE ASAPPPPP Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.Assume that you take out a $2000 loan for 48 months at 3.5% APR. How much total interest will you have paid at the end of the 48 months? (Round your answer to the nearest cent.)$ . What is the solution of the system of equations 3x + 2y = 4 and -2x + 2y = 24? * This year, a small business had a total revenue of $62,100. If this is 35% more than their total revenue from the previous year, what was the total revenue the previous year? Which of the following is an equivalent trig ratio for tan 28Cos 621/ tan 621/ tan152Cos 28 I kinda think that it is because if the person who settled the first permanent spanish mission is people is from the settlers from santa fe um but if not then can you help me out and if you want to help please friend me or contact me UwU Pls help me with this Taxi A charges a fee of $3.50, plus $1.75 per mile. Taxi B charges a few of $1.25, plus $2.00 per mile. At what distance would the taxi cost the same? Se realiza una mezcla de minerales de Cu y Fe: 20 kg FeS2 (pirita), 70 kg de Fe2O3 (hemetita) 15 kg de CuFe2 (calcopirita) y 90 kg de CuO (tenorita). Calcule: Porcentaje de hierro Porcentaje de cu Porcentaje de azufre y oxigeno what is the today's height of sagarmatha. What element provides strength to the exoskeleton of Clams and oysters A pump is used to extract water from a reservoir and deliver it to another reservoir whose free surface elevation is 200 ft above that of the first. the total length of pipes required is 1000 ft. All pipes are 12 in. in diameter and are made of galvanized iron with relative roughness equal to 0.0005 (you may assume fully-rough flow). the pump performance curves suggest that the H-Q relationship is of the form: H_pump=665-0.051Q^2 (Q in ft) the expected flow rate the brake horsepower required to drive the pump (assume an efficiency of 78%). the location of pump inlet to avoid cavitation (assume the required NPSH=25 ft). What is the length of the base of a right triangle with an area of 15 square meters and a height of 3 meters? A. 5 m B. 10 m C. 30 m D. 45 m 10.Read the sentence and answer the question.Since the late 1970s, many astronauts have held advanced degrees this education has been useful for mission specialists.Which correctly shows where a semicolon is needed in the sentence?A. Since the late 1970s, many astronauts have held advanced degrees; this education has been useful for mission specialists.B. Since the late 1970s, many astronauts have; held advanced degrees this education has been useful for mission specialists.C. Since the late 1970s, many astronauts have held advanced degrees this education has been useful; for mission specialists.D. Since the late 1970s; many astronauts have held advanced degrees this education has been useful for mission specialists. What type of sentence is The students were tired because they took a lot of test; the teacher was too.