You have just found your dream home. The selling price is $120,000. You will put $20,000 down and obtain a 30-year fixed-rate mortgage at 7.25% compounded monthly for the rest. Suppose that in addition to the required monthly payment, you decide to make an additional principal payment along with your regular payment. How much extra must you pay each month (rounded to the nearest dollar) if you wish to pay off the loan in 20 years

Answers

Answer 1

Answer:

$108

Explanation:

The computation is shown below:

Given that

PV = 100,000, ($120,000 - $20,000)

FV = 0,

N = 360  (30 × 12 months)

rate = 7.25%/12

Now use PMT function in Excel

= PMT(RATE,NPER,-PV,FV,TYPE)

The present value comes in negative

After applying the above formula

The  monthly payments is 682

Now replace N with 240  (20 years × 12 months)

So,

monthly payment = 790

Therefore

The difference is

= $790 - $682

= $108


Related Questions

How does a 12 year old dunk a Nba Basketball goal

Answers

Answer:

they keep trying hard

They maybe exercise or keep playing basketball

Luck and years of practice.

how do u get arrested

Answers

Answer:

breaking the laws that's one way to get arrested, if that's what you are asking lol

Answer:

Basically anything that interferes with the law or disturbs peace

Explanation:

1)hurt someone.

2)Spray paint.

3)Punch someone.

4)Fight with officer.

5)Get out of control at school.

6)Get in a fight.

7)Steal a car.

8)Sell drugs.

9)Hit a police car and drive off.

10)Threaten to hurt yourself.

etc

This chapter is all about trade--imports and exports and the balance of payments.

Answers

I just need for point

Dawn, a grocery store manager, is packaging pasta salad for retail sale at the store. Which three of the following details should she include on the label? the ingredient list the storage guidelines the location of the distributor the date of product packaging the quantity of food

Answers

The three details which Dawn should include on the label for retail sale at the store include the following:

The ingredient list.The storage guidelines.The date of product packaging.

What is a product label?

A product label can be defined as a paper document that is designed and developed to provide specific information about the chemical elements, ingredient list, nutrients, storage guidelines, and other chemical compounds that are present in a product and its general use or function, including storage guidelines.

This ultimately implies that, a product label is a paper document which must be used by manufactures and store managers to specify the nutrients, ingredient list, chemical elements, storage guidelines, expiry date, and other compounds that were used to make a particular product.

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Manny gil is an enpernaur

Answers

very cool for you to inform us on that but whats the question there buddy

why do you think p2p apps have become so popular?

Answers

P2P payment apps are popular in the U.S. because they make the exchange of money easy. Nearly half (46%) of smartphone owners say they regularly use peer-to-peer payment apps. These apps offer convenience and flexibility when it comes to making payments.

A clothing eCommerce comapny has an Average Order Value of $65. It costs the company $35 to produce the clothes in the average order and $15 to ship it to the customer. What is the Average Order's Gross Profit? * $65 $50 $30 $15
Previous question

Answers

The average order's gross profit for the ecommerce company is $15. The Option D is correct.

What is the calculation for the gross profit?

To calculate the average order's gross profit, we will  subtract the total cost of producing and shipping the clothes from the revenue generated by the order.

Revenue generated by the order is $65.

The total cost of producing and shipping the clothes is:

= $35 + $15

= $50.

The gross profit of the average order is:

= $65 - $50

= $15.

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What scenario shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor?




A Your children are 5 and 3 and you are in middle management in your company and you have extra money to invest for college funds.Your children are 5 and 3 and you are in middle management in your company and you have extra money to invest for college funds.


B You are 65 and have retired from your career and are looking at a very long and happy life of traveling and good times.You are 65 and have retired from your career and are looking at a very long and happy life of traveling and good times.


C You are 5 years from retirement and your friend knows a "sure" investment that will more than triple your retirement account.You are 5 years from retirement and your friend knows a "sure" investment that will more than triple your retirement account.


D You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

Answers

The scenario that shows the best time to "play it safe" in investing because the law of diminishing returns is against the investor is option D: You just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

In this scenario, the investor has already experienced a significant gain by hitting a big jackpot in Las Vegas. However, investing the entire amount back into another game with the intention of doubling the return poses a high level of risk. The law of diminishing returns suggests that as an investment or activity continues, the incremental return or benefit diminishes over time. By putting all the winnings back into another game, the investor is exposing themselves to unnecessary risk. Instead, it would be wiser to consider diversifying the investment portfolio, preserving a portion of the winnings, and adopting a more conservative approach. This helps to protect the gained wealth and potentially generate more stable, sustainable returns in the long run. Hence the correct answer in Option D. you just hit a big jackpot in Las Vegas and decide to put it all back into another game to double your return.

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Joe wants to open a restaurant and feels his best chance of being successful would be to purchase the rights to a well-known restaurant concept. This form of restaurant ownership is known as which of the following?

Food service corporation

Food service franchise

Independent food service operation

Food service chain

Answers

Answer:

Food-service franchise

Explanation:

A food-service franchise is a business arrangement where an established and successful restaurant allows the opening of an independent branch under its brand name. The new branch will be similar to the other existing branches in terms of appearance, products and services, operations, and pricing.

For an entrepreneur to open a food service franchise, they need to purchase a license from the franchisor. The franchise license increases the chances of success as customers are already familiar with the brand.

PepsiCo Ltd., has been having a lot of bugs in their network and so they have hired Suleiman to analyze the issue at hand, On inspection, he has come up with the solution that certain changes to the network must be done in order to make it functional. Which of the following statements should Suleiman consider while considering a change in a network?
a. change management procedures should consist of preparing a backup plan as well
b. change management procedures do not evaluate the cost of change of a plan
c. changes to a network can be done without keeping in view the effect of the change on its users and applications
d. changes to a network should be done when there are maximum users on the network
change management procedures should consist of preparing a backup plan as well

Answers

The following statements that Suleiman should consider while considering a change in a network is that change management procedure should consist of preparing a backup plan as well. The correct option is d.

What is a management procedure?

A management procedure is a simulation-tested set of rules used to determine management actions, in which the data, assessment methods, and harvest control rules for implementing management actions are prespecified. An operational management procedure is defined as a management procedure that is currently being used to determine management actions or has been intensively tested by a competent management body to a level where it could be used in practice.

An important benefit of management procedures is they can be designed to satisfy a variety of pre-agreed management objectives.

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What is a product market AND how do I choose a product market . Pls help quick!!!!

Answers

Answer:

Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.

Explain three rights that consumers have when buying a service for example hiring a plumber to install a new shower

Answers

The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.

What are consumer rights?

The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.

Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.

Therefore, consumer right are essential when buying a service.

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The Big Five Factor categories are referred to as _____. CLEAN OCEAN BFIVE BFPTC

Answers

Answer:

its OCEAN :)

Explanation:

The Big Five Factor categories is called as OCEAN. Thus, option second is correct.

What is the Big Five Factor?

Big five factors is the theory, which is also implied as big five personality traits. The "Big 5" personality qualities are sometimes referred to as the five basic aspects of personality.

The five factors are Extraversion (sometimes called extroversion), agreeableness, openness, conscientiousness, and neuroticism which are the five basic personality qualities.

The Big 5 personality trait, commonly known as the Five-Factor Model, is a personality test based on five characteristics:

Openness-indicates a person's willingness to challenge authority.Conscientiousness- showed a person's organization and self-discipline.Extraversion is a measure of how outgoing or sociable a person is.Agreeability - showed how warm, kind, and tactful a person is.Neuroticism- denotes a person's capacity to maintain stability.

Therefore, it can be concluded that second is correct.

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For a maximization problem, assume that a constraint is binding. If the original amount of a resource is 4 lbs. and the range of feasibility (sensitivity range) for this constraint is from 3 lbs. to 6 lbs., increasing the amount of this resource by 1 lb. will result in the a. same product mix, different total profit. b. different product mix, same total profit as before. c. same product mix, same total profit. d. different product mix, different total profit.

Answers

Answer:

a. same product mix, different total profit.

Explanation:

Data provided in the question

Orginal amount of a resource = 4 lbs

Range of feasibility is from 3 lbs to 6 lbs

Based on the above information, the increasing amount of this resource is the product mix remains the same but the total profit is different in the case of feasibility as we can see that the range of feasibility contains from 3 lbs to 6 lbs and for computing the maximizing profit level, the one that contains the biggest value or highest value for selecting the objective function

3 different approaches of growth

Answers

Market penetration. The aim of this strategy is to increase sales of existing products or services on existing markets, and thus to increase your market share. ...
Market development. ...
Product development. ...
Diversification.

A local corporation is sponsoring a scholarship competition in your high school. Part of the evaluation is based on a personal presentation before the committee. You will create three slides for a presentation about who you are and why you should be considered for the scholarship. Write bullet points for the information that you would include.

Answers

Answer:

Slide 1: Introduction

- Start with a catchy sentence that captures the committee's attention and introduces yourself briefly.

- Explain why you are excited about applying for the scholarship and what it means to you.

- Mention your academic background, major, and interests.

Slide 2: Main body

- Provide examples of your achievements, skills, and experiences that show your preparedness and potential for the scholarship.

- Highlight how your values align with the organization's mission and goals.

- Explain how the scholarship will help you pursue your academic and career aspirations.

Slide 3: Conclusion

- Summarize your main points and remind the committee of your strengths and uniqueness.

- Express your gratitude for the opportunity and your enthusiasm for joining the organization.

- End with a call to action or a question that invites further discussion.

Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income

Answers

It is B. passive income

Answer:

earned income is received through rent

I
The constant growth formula is a good tool to use to value companies in the
industry.
O technology
2000
о
pharmaceutical
utility
I DON'T KNOW YET

Answers

The constant growth formula is typically applied more commonly in the utility industry.

The constant growth formula, also known as the Gordon Growth Model, is commonly used to value companies in industries with stable and predictable dividend growth rates. It assumes that the company's dividends or earnings will grow at a constant rate indefinitely. However, it may not be the most suitable tool for valuing companies in every industry.

The constant growth formula can be a useful tool for valuing companies in certain industries like utilities, but it may not be the most appropriate choice for valuing companies in the technology or pharmaceutical sectors.

Utility companies often exhibit stable and predictable cash flows, making them suitable candidates for valuation using the constant growth model.

Therefore, the correct option is utility.

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This is nearly double the proposed US contribution to which of the following?
A
Kyoto Protocol
B
London Accords
C
Paris Agreement
D
Geneva Convention

Answers

Answer: C . Paris Agreement

Explanation:

You included no background passage or additional details to the question for me to know what contribution you speak of but the above is most probably the answer.

The U.S. never ratified the Kyoto Protocol so I don't think they had contribution requirements. The London Accords produces research for financial investors so has little to do with the U.S. as a whole.

The Geneva Convention is simply an agreement on conduct during wars so this does not require contributions. This leaves the Paris Agreement ... on Climate Change which has set targets on the emissions to be cut by developed countries so it is most likely the answer.

what is the purpose of work teams ?

Answers

Answer:

The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: A better understanding of decisions.

Question 26
Using the following year-end information for Breanna Boutique, calculate the current ratio and acid-test ratio for the boutique:
lot yet
nswered
Cash.
$ 52,000
arked out of
.00
Short-term investment.
12,000
54,000
Flag question
Accounts Receivable.
325,000
17,500
Inventory
Prepaid expenses
Account payable.
Other current payables.
106,500
25,000

Answers

Answer:

3.50 and 0.90

Explanation:

Calculation for the current ratio and acid-test ratio for the boutique

Calculation of CURRENT RATIO

First step is to calculate the current assets and current liabilities

CURRENT ASSETS

Cash 52,000

Short-term investment 12,000

Accounts receivable 54,000

Inventory 325,000

Prepaid expenses 17,500

Total current assets $ 460,500

CURRENT LIABILITIES

Accounts payable$ 106,500

Other current payables $ 25,000

Total current liabilities $ 131,500

Using this formula

Current ratio=Current assets/Current Liabilities

Let plug in the formula

Current ratio=460,500/131,500

Current ratio=3.50

Therefore the Current ratio will be 3.50

Calculation for CURRENT ACID -TEST RATIO

Using this formula

Current acid-test ratio=Quick assets/Current Liabilities

Let plug in the formula

Current acid-test ratio=460,500-(325,000+17,500)/131,500

Current acid-test ratio=118,000/131,500

Current acid-test ratio=0.90

Therefore the Current acid-test ratio will be 0.90

Roman is the chief executive officer of Salty Snax Corporation. Roman’s responsibilities include decisions on product development, marketing, and other significant business directions. Roman is subject to the approval and oversight of Salty Snax’s board of directors. Teri is a Salty Snax manager whose duties include the firm’s day-to-day hiring, firing, purchasing, and selling. Umberto is a Salty Snax salesperson, whose daily activities are controlled by Teri. Velma writes sales manuals and promotional materials for Salty Snax’s products according to Roman’s instructions and subject to Salty Snax’s control, but has no dealings with the company’s customers or suppliers. Warren writes copy on a contract-per-project basis and is not otherwise subject to Salty Snax’s control.

Who is a principal? Who is an agent? Who is an employee? Who is an independent contractor?​

Answers

Answer:

The correct answers are:

Roman is a principal

Velma is an agent

Umberto is an employee

Warren is an independent contractor

Explanation:

Roman is a principal due to the fact that he is the one who is in the highest position of them all and he has no superior in the company

Velma is an agent because she is under the control of the company.

Teri is an employee because she has to deal with the day-to-day operations and has a superior. And Umberto is an employee because he is in the lowest positions and is controlled by Teri

Warren is an independet contractor because he is not subejct to the company's control

QS 9-2 (Algo) Reporting current portion of long-term debt LO C1 The liabilities of Organic Foods are made up of $79,000 in notes payable as of its December 31 year-end. For those notes payable, $4,900 is due within the next year. Prepare the liabilities section of Organic Foods’s December 31 year-end balance sheet.

Answers

The amount of an obligation's principal that has to be paid off within a year after the balance sheet date. For instance, if a business has a $50,000 bank loan that needs monthly interest and principle payments, the following 12 months' worth of principal payments will represent the remaining balance on the loan.

What is long term portion of debt?

Debt with a maturity of more than a year is considered long-term debt. The duration of this might range from two to five to ten to even thirty years. The amount of principle and interest of the total debt that is required to be paid within one year is the current share of long-term debt.

A long-term debt has a maturity date that is more than a year out from the balance sheet date. Yet, under the current liabilities part of the balance sheet, any sum that is due within the next 12 months is categorized as the current portion of long-term debt.

Some of the most popular long-term debt instruments utilized by businesses are credit lines, bank loans, and bonds with obligations and maturities longer than one year. A corporation receives cash from all debt instruments, which is classified as a current asset.

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Answer:

Explanation:

The liabilities of Organic Foods are made up of $60,000 in notes payable as of its December 31 year-end. For those notes payable, $3,000 is due within the next yearPrepare the liabilities section of Organic Foods's December 31 year-end balance sheet .

A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond

Answers

A promissory note can best be described as: a. an interest-bearing IOU.

What is promissory note?

Promissory note can be defined as a written note that help to shows that a person who lend a money from another person  promise to payback. The note contains  a promise by the borrower to pay back the lender within a stipulated period of time.

A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which  the borrower will have to payback.

A promissory note also contains the terms and conditions of the agreement  and this terms and agreement includes the following :

The principal amountThe loan maturity dateThe interest  etc

Therefore we can conclude that the correct option is A.

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When a house is built on a lot, the house is an example of:

Answers

When a house is built on a lot, the house is an example of Real property.

A lot or plot of land is a tract or a parcel of real estate that is owned by or intended to be owned by some owner. In certain nations, a plot is essentially regarded as a piece of real estate, whereas in others it is referred to as immovable property which effectively means the same thing.

What are the two types of properties?

Two different kinds of property exist. Any property will be categorized legally as either personal property or real property. Our current laws still make a distinction between the two categories of property, although this distinction dates back to English common law.

A "lot" is frequently big enough for just one house. Typically, the word "lot" does not refer to a specific area of land. Instead, it usually refers to a particular parcel of land of any size that can be purchased under a separate contract. The area described must be contiguous in order to be treated as a single lot.

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What will happen in the market for wine if the price of cheese increases (wine and cheese are complements)?

Answers

If wine and cheese are complement goods, when the price of cheese increases, the demand for wine would decrease.

What are complement goods?

Complement goods are goods that are consumed together. An example of complement goods are bread and jam.

According to economic theory, there is an inverse relationship between price and the quantity demanded. When the price of one of the complement good increases, it would become more expensive to consume the good. Thus, there would be a decrease in demand for that good. As a result of the decrease in quantity demanded, there would b a decrease in demand of the other complement good.

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Which professionals would most likely use heavy equipment and specialized Tools in their line of work

Answers

Answer:

Firefighters, Police, Construction, e.t.c.

Explanation:

I hope this helps!! I apologize if wrong!

___ badges,___ badges, and
___ badges are all examples of trust symbols.

Answers

Guaranteed Safe & Secure checkout badge, Free shipping and free returns trust badge and Money-back guarantee badges are all examples of trust symbols.

What is a  trust badge?

A trust badge, also known as a seal or badge, is something you may put on your website to engender trust in the eyes of potential clients. Traditionally, trust badges are only shown during the checkout process, but a recent trend is moving them immediately to the home page.

Guaranteed Safe & Secure checkout badge - With this symbol, your checkout procedure can be trusted because the data is encrypted and your customers' credit card details are protected.

Free shipping and free returns trust badge -  by letting your consumers know that they can receive and return any bought products without paying any additional fees.

Money-back guarantee badges- The money-back guarantee badge almost entirely eliminates the worry and perceived danger of purchasing a good or service online, making it maybe the most effective trust badge of all.

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swot explanation with examples

Answers

The answer is SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are internal to your company—things that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location.

What's the greatest way to define business?

A company or entrepreneurial entity that engages in business, industrial, or professional activity is referred to as a business. Both for-profit and nonprofit organizations can operate as businesses. Limited liability firms, corporations, partnerships, and sole proprietorships are all examples of different business structures.

What are the two qualities that make up a business?

Business has the following characteristics: Economic activity: Since business is done with the intention of making money, it is seen as an economic activity. Buying and selling: Buying and selling products and services are part of business. Products made for personal use are not regarded as being created for sale.

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Accounting Equation Determine the missing amount in each of the following cases: AssetsLiabilities Stockholders ' Equity a . $ 420,000 $ 175,000 $ 245,000 b. $ 73,000 $31,000 $ 42,000 C. $121,000 $ 31,000✓$ 90,000

Answers

According to the other item was the found are:

Stockholder's equity = $245,000

Assets = $73,000

liabilities = $31,000

What is Liabilities?

The term liabilities refer to the part of the financial statement. The financial statement was described as the liability, which was the company's to pay the own. The liability was established in accordance with the needs of the company. The liability also referred to the past transactions of the business. The liability included money, goods, or services.

a) Assets - Liabilities = Stockholder's equity

$420,000 - $175,000 = $245,000

b) Stockholder's equity + liabilities = Assets $ 42,000+ $31,000 = $73,000

Assets - Stockholder's Equity = liabilities

$121,000 - $90,000 = $31,000

According to the missing value was the found are the aforementioned.

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Other Questions
PROJECT QUESTION You are required to develop a new prodact and prepare its marketing plan that will support that product in the Fijian marketplase. It can be an existing prodact in the marketplace that needs modifications to the product or yoa can develop a completely new product that hasa't been introdaced in the Fiji market as yet. You will be required to present your prodact and the marketing plan. Objective of this Assignmeat: The purpose of this assignment is to develop the initiative for students to design a product and marketing report. One of the leaming cencomes for this course is for students to be able to develop a marketing plan and present their plans. In addition to that, this assignment will help expose students to develop entrepreneurship skills and so to secure the ability to market their prodacts. Students are to apply their hnowledge leamt during lectures and tutorial to help them prepare the marketing report. Requiremeats (1-s): The main body which is the Findings and Analysis your marketing plan must comprise of the following details 1. Product Marketing Objectives List dowa your products marketing objectives such as toc (launch the product, increase volume, expand market share, maximize revenue and sales, etc.). 2.4Ps of Marketing: - Product-Detail the Product Development and the Product Deseription in terms of brand name, features, product benefits, ingredients, packaging (sires, nutritional value etc.), labelling, Colour, - is your prodact classified as a safe product for the cuvironnsent? - Promotion - Detail your products advertising and marketing promotional strategies that can be executed. You will also need to include the pooduct launch details should include advertising, sales promotion, public relations, and personal selling. - Price - Provide a clear description on the pricing strategy that can be utilized for your product - should include List prioe, discounts, allowances, payment period, and credit tembs. - Place - Discuss the stratezy used for your peoduct distribution, Direct or in-direct distribution (channel intermediaries); distributing to wholesalers, direct selling to customers, coverage, logistics, locations, transportation, assortments, and imventory. 3. Customer Analysis Identify the target markets, discuss in detail the bases for market segnsentation, target markets, positioning your pooduct and alse detail on what basis the particular segment was selected. A golf ball of mass 50 g is at rest on a tee. Then a golf club strikes it, providing the ball with an initial speed of 102 m/s. The club and ball were in contact for 0. 81 ms. 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Minimizing the risk of patient infection by health care workers,inanimate objects, and environments in health care settings.C. Preventing the spread of infection from patients with a goal ofreaching asepsis.D. Reducing the risk of infection by cleaning the instruments andtools used for surgery a minimum of 10 times before a procedure. in general, movie stars prefer makeup that tends to the difference between the compound interest compounded semi-annually and compound interest compounded annually on a sum of money is Rs 220.25 at the rate of 10% per annum for 2 years. Find the sum. Also, find the annual compound interest. Density = 7 g/mL Volume = 10mL What is the Mass? Each student bus goes on a field trip holds 36 students and four adults there are six found buses on the field trip how many people are going on a field trip Which statement best summarizes resource distribution on Earth?OA. All people and cultures have access to the same resources.OB. Resources are typically only used where they are found.OC. Resources can be unavailable in areas where they are needed.OD. Resources are evenly distributed across the planet.