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
A firm produces goods for which substitute goods are produced in all countries. Appreciation of the firm’s local currency should:
A) Increase local sales as it reduces foreign competition in local markets.
B) Increase the firm’s exports denominated in the local currency.
C) Increase the returns earned on the firm’s foreign bank deposits.
D) Increase the firm’s cash outflow required to pay for imported supplies denominated in a foreign currency.
E) None of these.
Answers
A firm produces goods for which substitute goods are produced in all countries. Appreciation of the firm’s local currency should none of these. Thus, option (e) is correct.
What is firm?The term firm refers to the company as are main motive to earn profit with increases the sales. The firm are involved in the partners, owner, employees, and workers. The firm are the provided the employment and the generating the profit.
According to the firm was the produces goods for the sale in the market, but the substitute goods are produced in all countries. It was the not to based on the increase in local sales, increase the firm’s exports, increase the returns earned and the increase the firm’s cash outflow. There was not too none of these.
As a result, the a firm produces goods for which substitute goods are produced in all countries. Therefore, option (e) is correct.
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The barber of Town shaves all men living in the town. No man living in the town is allowed to shave himself. The barber lives in that town. Who then shaves the barber of the town?
Answers
Answer:
or another man cus u said no man can do it himself so that must mean every other man is a barber right???
Explanation:
Please help this is the final.
Identify a minimum of two ways companies compete for your money. In a minimum of five sentences each, explain in what way each of those tactics has been proven to be successful.
Answers
Answer:
here's your answer below
Explanation:
Sorry something went wrong
.
Answer:
They compete by giving better bundels or lowering prices.
Explanation:
They do that because people usually want a better price so if their the same thing then someone would want to go to a store with cheaper options.
northern city bank keeps no excess reserves. assume northern city bank receives a deposit of $50 million dollars. as a result of the deposit, northern city bank’s required reserves increase by $10 million. what is the maximum possible change in the money supply in the banking system that could result from the $50 million deposit?
Answers
The maximum possible change in the money supply is $250 million.
The change in required reserves when an amount of money is deposited in a bank is determined by the reserve requirement.
Reserve requirement = increase in required reserves / amount deposited
$10 million / $50 million = 0.20 = 20%
The change in money supply can be determined using this formula:
Amount deposited / reserve requirement
$50 million / 20%
$50 million / 0.2 = $250 million
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On December 28, Kerr Manufacturing Co. purchased goods costing $50,000. The terms were F.0.B. destination. Some of the costs incurred in connection with the sale and delivery of the goods were as follows.
Packaging for shipment $1,000
Shipping 4,500
Special handling charges 2,000
These goods were received on December 31. In Kerr's December 31 balance sheet, what amount of cost for these goods should be included in inventory?
Answers
Explanation: This is why I believe the answer is $50,000
- When the shipping terms are FOB
destination, the seller has the responsibility of all costs of
transporting the goods to the buyer.
Therefore, the seller is responsible for the
payment of packaging costs ($1,000),
shipping costs ($4,500), and the special
handling charges ($2,000). The only
amount to be included as the buyer's cost
of the inventory purchased is the purchase
price ($50,000).
What do you think Madison needs to include in the fire prevention training plan?
Answers
Emily's grandmother bought her a treasury bond in 2020. When will it reach its maturity date?
Α.
2030
B.
2040
C.
2045
D
2050
Answers
Answer:
The correct answer is: D. 2050
Explanation:
Answer: 2050
Explanation: Treasury bonds are sold in $1,000 increments and have a 30-year maturity date.
Thus, 2020 + 30 years = 2050
A real estate licensee typically allows the licensee to A) give tax advice to a prospective purchaser of real estate. B) provide legal advice to clients but not customers. C) represent clients and customers in residential or commercial property transactions, but not both. D) specialize in any category of real property.
Answers
C) represent clients and customers in residential or commercial property transactions, but not both.
A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.
A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.
Other duties of a real estate licensee are :
Determining clients’ needs and financials abilities to propose solutions that suit them.Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.Learn more about real estate licensee here : https://brainly.com/question/25506644
The thing which a real estate license allows the licensee to be able to perform is to:
D) Specialize in any category of real property.Real Estate licenseeA real estate licensee is a person who has the legal backing to be able to show prospective home owners various house listings and to also help them make a choice.
With this in mind, when a licensee becomes legal, that is has the backing of the government, then he can be allowed to specialise in any category of real property such as:
ResidentialCommercialRaw land, etcTherefore, the correct answer is option D
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what are the different theories of liquidity
Answers
The theories are:
1. The Real Bills Doctrine
2. The Shift-Ability Theory
3. The Anticipated Income Theory
4. The Liabilities Management Theory.
What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business?
1. Less record keeping
2. Lower financial risk
3. You can apply your own experience
4. Developing your own rules
Answers
Answer:
4.
Explanation:
Instead of having to follow a franchises rules or prexisting rules at the existing business you can develope your own affecting costs and overall efficiency of your company.
The primary benefit of starting a new business without purchasing a franchise or buying an existing business is developing your own rules. Thus, option fourth is correct.
What is business?A business is described as a firm or organization that engages in economic, industrial, or professional activity. Businesses can be either for-profit or non-profit organizations.
Limited liability firms, sole proprietorship, companies, and partnerships are all elements of marketing structures.
The first step of the business is to prepare the budget. As contrast to satisfying the financial criteria of purchasing a franchise or a running firm, you can tailor your new business to match your available cash, such as by working from home or part-time.
Therefore, it can be concluded that option fourth is correct.
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An intangible benefit is called a
a) commodity
b) Service
c) market
d) goods
Answers
A
Explanation:
using the internet and the process of elimination, A is your answer
ANSWER:
B.CORRECT IF IM WRONG
BUT IM SURE THAT
What kinds of products
and property do cyber-
protection laws cover?
Answers
Answer:
Act of threatening to share information about a person to the public, their friends or family, unless a demand is met or money is paid
Explanation:
Help please.
You have just been hired by a firm in a large city. The organization has two locations with office buildings of four stories or less. It employs about sixty people. As part of your new job, you have been asked to draft a new company safety policy, because the one in place is several years old and no longer useful.
Assignment Directions.
Part 1. Write a short one-paragraph (less than 150 words) introduction to the policy. Be sure to address your audienc
Part 2. construct a table of contents
Part 3. Write an outline of the topics covered in your policy.
Assignment Guidelines.
Be titled: (insert fictional company name here) Workplace Saftey Policy and Procedure.
Include a minimum of seven and maximum of ten main topics in your policy outline.
Answers
Answer:
HEALTH AND SAFETY STATEMENT
1. This is how this organization will manage its health and saftey responsibillities
2. We will manage health and saftey by...
2.1 Controlling the saftey risks at work.
2.2 Involving employes on health and saftey issues that affect them
2.3 Making sure any equipment used is clean, and safe
2.4 Make sure to be careful with dangerous substances and have them secured
2.5 Don't speak with anybody on the outside about the job so nothing happens
Explanation:
I tried man
To write a new safety policy for the company, it is necessary to guarantee the compliance of information for all 60 employees, through information through different channels, such as meetings, e-mails, information panel, etc.
Assuming your safety policy is targeted at a textile industry, the statement could be:
YXZ Textile Clothing Workplace Safety Policy and Procedure:All employees must wear suitable PPE in production areas.The starting, starting and stopping of production machines is only allowed by authorized personnel.Work equipment must be properly maintained and stored in their respective locations.Chemicals must only be handled in the areas and by authorized personnel.Upon finding any breach of security or work processes, the employee must instantly report it to their supervisor.Changing the layout of machinery and any other physical component of the workplace is not permitted.It is essential to dispose of garbage and discarded material in appropriate places.Therefore, it is essential that a company's safety policy is aligned with its performance and configuration, and promotes employee safety, quality and preservation of physical and mental health.
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If 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:
By 2030, what will Elon Musk's, net worth will be?
Answers
What do dymanic link libary files do
Answers
A dynamic link library is a collection of small programs that larger programs can load when needed to complete specific tasks. The small program, called a DLL file, contains instructions that help the larger program handle what may not be a core function of the program.
If you are trying to substantially reduce the amount you spend on food, you should try...
Answers
Answer:
Cooking your own food at home for as many meals as possible
Explanation:
To reduce the amount spent on food, I will make a spending plan or budget plan. It helps to reduce the amount spent on food without sacrificing nutrition.
What is a Budget plan? A budget plan is simply a plan you create to help you meet expenses and spend money the way you want to spend it. A good spending plan can help you stop “spending leaks” in other words, it can keep you from spending money without thinking.The spending plan for food:Make healthy choices (they are cheaper)Buy produce in seasonUse sales and couponsThink frozen, canned, or driedSave on protein foodsWaste not, want notIn this way, I will reduce the amount spent on food.
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Which of the following is something a "smart pick list" does NOT help pickers do?pick materials based on order of deliverypick materials based on due datephysically lift heavy itemspick materials using a pre-programmed, efficient route
Answers
Answer:
physically lift heavy items
Explanation:
pick materials based on order of delivery (that makes sense so you know when everything comes in)
pick materials based on due date (that makes sense so you how to plan and order everything to line up right)
pick materials using a pre-programmed, efficient route (that makes sense so you have a guide! You won't have to stress this way and it's seems simple.)
physically lift heavy items (that doesn't makes sense if they're heavy you'll be wasting your time fighting up with it. Have people help do that.)
What is the purpose of advertising?
To make people want the things they do not have.
To expand the marketplace to a wider audience.
To explain to people the cost and risks of owning products.
To allow people to make choices about what is available.
Answers
It should be noted that the purpose of advertising is to expand the marketplace to a wider audience.
Advertising can be regarded as marketing strategy that is been utilized by organization and firms to promote their products and services.
It involves using media and other means to make the public aware about the products or services.
We can conclude that advertising is done on the purpose of making marketplace to a wider audience so that more people can patronize.
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Answer: To make people want the things they do not have.
Explanation:
The purpose of advertising is to make people want things they don’t have
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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Gidgits Galore had advertised its product as child safe around the time that the lead paint was found in the gidgits manufactured in China. Gidgits Galore cannot be held liable for advertising its product as safe when
it is unsafe.
True O False
——————————————————
Choose the term that best matches the description given.
An individual requests payment for money owed for loss of or damage to property, back rent, repayment of a bad check or payment to compensate for defective goods, etc.
1. Adversarial legal system
2. Settlement letter
3. Demand letter
4. Filing fee
Answers
Based on the information given, it can be deduced that the advertisement was inappropriate, therefore Gidgits Galore will be held responsible. The correct option is false.
From the information given, it can be inferred that even though the product wasn't safe, the company advertised the product as being safe. This is wrong and therefore, the company will be held responsible.
Demand letter is when an individual requests payment for money owed for loss of or damage to property, back rent, repayment of a bad check or payment to compensate for defective goods, etc.
In conclusion, a demand letter is simply used to state a legal claim.
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Specialties in the property management field include all of the following EXCEPT A) resort housing. B) asset management. C) concierge services. D) land-use planning.
Answers
The answer choice which is not one of the specialties in the property management include:
C, Concierge servicesProperty managementProperty management refers to all the processes which are involved in the handling, the organization, the leasing and management of a piece of property, usually by a realtor.
Concierge servicesWith this in mind, we can see that concierge services includes the coordination of the guests in a lodging by making reservations and bookings and everything else which makes the customer service better and this is NOT a specialty in property management.
Therefore, the correct answer is option C
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What type of transportation is used for mass movement of bulk cargo in the Philippines considering that it is an archipelago.
Answers
Answer:
It is a container ship because Philippines is an archipelago which means it is surrounded by water and a container ship is the only way to transport bulk cargo in and out of Philippines.
The extended warranty on a $960 dishwasher is 21% of the purchase price and lasts for eight years. What is the effective cost per year of the extended warranty? a. $28. 80 b. $45. 20 c. $23. 78 d. $25. 20.
Answers
Answer:
holi eso la D con mucho trabajo por fin la realizar y la conteste
Quintín
Based on the percentage of the extended warranty and the number of years it is to last, the effective cost per year is d. $25.20
First find the total warranty coverage for the dishwasher:
= Warranty percentage x Cost of dishwasher
= 21% x 960
= $201.60
The effective cost per year is:
= Total warranty / Number of years
= 201.60 / 8 years
= $25.20
In conclusion, the cost is $25.20.
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one difference between monopolistic competition and oligopoly is that firms in monopolistic competition are assumed to:
Answers
Answer:
Monopolistically competitive firms are assumed to independently set the price of their differentiated product.
Explanation:
Monopolistic competition and oligopoly are two types of market structure.
Definitions:Monopolistic competitionMonopolistic competition is characterized by several competing sellers in an industry with differentiated products. In this market structure, monopolistically competitive firms have lesser barriers to entry or exit. Additionally, the consumers view the monopolistically competitive firms' products as somewhat different from the goods produced by competing firms. However, the consumers view those competing products as close substitutes. Thus, product differentiation is crucial in the success and longevity of monopolistically competitive firms. Product differentiation is the process of attracting customers by creating a feature or image that will make a product stand out or distinguishable from the existing products in the market. Through product differentiation, monopolistically competitive firms can have some control over setting prices on their products, which gives them limited market power. Although, the amount of products that the firms could sell is also contingent on the number and prices of existing substitute products in the market.
OligopolyIn contrast, oligopoly is a type of market structure characterized by a handful of major producers that have the power to influence to set the prices of their goods through price leadership. The actions taken by an oligopolist may significantly affect the sales of other firms in the same industry—when a leading oligopolistic firm increases its price, the other firms will likely follow suit. Hence, the prices of comparable goods are often similar.
Under this market structure, firms have a cost advantage compared to smaller firms due to increasing returns to scale. This means that the oligopolists could produce their products in larger volumes using lesser inputs. It is also difficult for new entrants to enter an oligopolistic industry due to lack of sufficient capital investment.
WHAT IS THE WORLDS LARGEST PEANUT 50 points
Answers
Answer:
I AM THE LARGEST PEANUT
Explanation:
Answer:
Unveiled with fanfare on a chilly Friday, Nov. 15, 1974, it's 3 feet long and 18 inches around, crafted of 50 pounds of aluminum and dedicated to the Bryan County Peanut Growers and Processors
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
Consider Australian football, cricket, and field hockey. Of the three, list which of those sports you find the most interesting, why it interests you, and a few rules of the game.
Answers
Answer:
Basic Rules Of Cricket
Cricket is played between two teams each made up of eleven players. ...
Games comprise of at least one innings where each team will take turns in batting and fielding/bowling.
The fielding team will have a bowler bowl the ball to the batsman who tries to hit the ball with their bat.
Explanation:
hope this helps
Sample Response: Students should select one of the listed sports and be able to describe some unique features of the sport highlighted in the test. Their interest in the sport can be pretty much anything including their relative obscurity in the US mainstream, past experience playing with family, or because they seem uniquely challenging.
How does the value of a nation's currency affect global trade?
Answers
Answer:
this is the answer
Explanation:
A weaker domestic currency stimulates exports and makes imports more expensive; conversely, a strong domestic currency hampers exports and makes imports cheaper. Higher inflation can also impact exports by having a direct impact on input costs such as materials and labor.
Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?
A. If they have organized records, they won’t likely have to file taxes.
B. This can help them maximize their deductions.
C. Their tax return will definitely not be audited.
D. They are guaranteed to get a tax refund instead of owing taxes.
Answers
Answer:
b
Explanation:
took the test