Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments are $528.60. She made payments for one year and has paid the principal down to $37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round final answer to nearest dollar)?

Answers

Answer 1

Answer:

below

Explanation:

•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round

•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (roundfinal answer to nearest dollar)?•

I hope it helps ^-^


Related Questions

Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.

Answers

The answer is: Preferred stock

Kristen's current credit score does not qualify her for a conforming conventional loan, but she is eager to purchase a house. Which lender practice would be the most likely indication of predatory lending? charging points to get a lower interest rate bundling unneeded life insurance premiums into the mortgage requiring a 20% down payment charging a one-point loan origination fee

Answers

A lender practice that would be an indication of predatory lending would be bundling unneeded life insurance premiums into the mortgage.

What is predatory lending?

This is a practice by some lenders where they loan money to people with low credit worthiness with the intention of making back a lot of money from charging those people outrageous interest rates.

When life insurance premiums that are unnecessary are added to the mortgage, it is done to increase the amount that Kristen will pay back. This is therefore predatory lending.

In conclusion, option B is correct.

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Which of the following must be present for an offer to have a legal effect? Select one: a. Invitation to offer b. Communication of the intention c. Invitation to negotiate d. Definiteness

Answers

Answer:

I believe your answer would be D, Definiteness.

Hope this helps!

A legal impact can only be conferred on an offer if the terms are clear-cut. Thus option (D) is correct.

What is the impact?

The term impacts The feeling you leave on this life and others is your legacy. You have the ability to become accountable for your actions and be intended of your path. You can be deliberate about your influence and your impact. As we see there are impacts on things or on life are being there in it also be there in it by the different impacts changes are being there also in it.

As we see, there are so many impacts are being there but in the George Herman as we see the impact can be on the sports are there in it by the impact on sports things has been changed here by the different things the impact can be seen and other also in it.

Therefore, Thus option (D) is correct.

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The pay-as-you-go model is ______. Multiple choice question. becoming increasingly niche gaining momentum difficult to apply outside its traditional functions dying out

Answers

There are different strategies. The pay-as-you-go model is gaining momentum.

What is the pay as you go business model?

The pay-as-you-go business model is known to be a model that helps consumers to make a kind of one-time purchase of a product or service without subscribing  for a regular payment for that product.

This business model is seen and used in many firms, such as telecommunications, advertising, software-as-a-service and others.

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In a voluntary transaction between a buyer and a seller, both the buyer and the seller benefit. True False

Answers

Answer:

false

Explanation:

the transaction is going to the seller therefore the buyer will not benefit

When updating the general ledger, sales, purchases, cash receipts and cash disbursements are examples of __________ entries, and issuance or retirement of debt and the purchase or sale of investment securities are examples of __________ entries. Group of answer choices

Answers

Answer:

journal and general ledger

At a price of $150, a cell phone company manufactures 200,000 units. At a price of $250, the company manufactures 400,000 units. What is the price elasticity of supply

Answers

Based on the information given the price elasticity of supply is 1.33.

Price elasticity of supply

Price elasticity of supply=(400,000-200,000)÷(200,000+400,000/2)÷(250-150)/(150+250/2)

Price elasticity of supply=(200,000)÷(600,000/2)÷(100)/(400/2)

Price elasticity of supply=(200,000÷300,000)÷(100/200)

Price elasticity of supply=0.6666/0.5

Price elasticity of supply=1.33

Inconclusion the price elasticity of supply is 1.33.

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The Law of Supply states that __________________ of a product will be offered at a high price and __________________ of a product will be offered at a low price

Answers

There are a lot of laws. The Law of Supply states that as prices rise, the quantity supplied increases and as prices fall, the quantity supplied decreases.

What is the law of supply?

The law of supply is known to be a popular microeconomic law that states that, when all other factors are equal, the price of a good or service goes up, the quantity of goods or services that suppliers gives will also goes up, and vice versa.

The Law of Supply  in simple terms is as prices rise, the quantity supplied goes up and as prices fall, the quantity supplied lowers. The law of supply makes sure that producers make a lot of money as much as possible.

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some organizations have platforms that allow employees to provide an anonymous feedback about the organ Behavior colleagues and seniors the primary purpose of such methods is

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The platforms that gives an employees an opportunity to provide an anonymous feedback about the colleagues behavior is known as  whistleblowing platform.

What is whistle-blowing?

In a formal setting, a whistle-blow refers to a platform that allows people to tell authorities that the some people or group one is working for are doing something immoral or illegal.

In conclusion, this platform ensures a protection of whistle-blower nevertheless.

Read more about whistle-blower

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________________ is a goal statement, defining specific information needed to solve the marketing research problem.

a. Exploratory research
b. Marketing research objective
c. Management objective
d. Managerial decision problem
e. none of the above

Answers

A goal statement, defining specific information is required to solve the marketing research problem is called Marketing Research Objective.

What is Marketing Research Objective?

Market research objectives aim to uncover insights about the competition such as:

their weaknessesstrengthspotential influencerscustomer demographicsbrand awareness and the effectiveness of marketing campaigns

See the link below for more about Marketing Research Objective:

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Hal, a resident of Illinois, owns a warehouse in Indiana. A dispute arises over the ownership of the warehouse with Jack, a resident of Kentucky. Jack files a suit against Hal in Indiana. Regarding this suit, Indiana has

Answers

In terms of the above suit, Indiana has in remjurisdiciton.

What is In Rem?

This is known to be a Latin word that means, "against a thing."  It is said to be in terms of the status of a specific piece of property.

In-rem jurisdiction is known as the power of a court that it has over an item of real or personal property.  The court that has only in-rem jurisdiction is one that can call off a marriage or declare who is the true owner of a piece of land.

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which reading strategy refers to reading only the key words and phrases
A. guessing from context
B.paraphrasing
C.previewing
D.skimming

Answers

Answer:

answer is ... skimming

Explanation:

hope it helps

Which phrase best describes an income investment strategy? A. Building a diversified portfolio to generate income B. Focusing on cash investments C. Eliminating long-term retirement planning D. Keeping money in liquid, low-risk assets

Answers

Answer:

Building a diversified portfolio to generate income (A)

Answer:

A si your answer!!

Explanation:

Beatrice, a sales manager at Nelson Electronics, put in place a generous commission plan for her sales staff: the more they sell, the more they earn. This commission plan is designed to fulfill her salespeople's drive to ______.

Answers

The value that Beatrice is trying to fulfill using the commission plan that is found in her salespeople is the drive to Acquire.

What is the drive to acquire?

It is a human value that drives our need to gain more resources to better our lives.

Beatrice is trying to use that to the company's advantage by essentially telling her salespeople that the more they sell for the company, the more resources (pay) they can acquire.

In conclusion, this is the drive to acquire.

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On July 1, Year 1, Mel leased property for 2 years for $700 a month. On September 30, Year 1, the owner of the property told him that if he paid the total in advance for the remainder of the lease, the rent would be reduced to $675 a month. Mel accepted his offer and on October 1, Year 1, he paid the owner $14,175. How much can Mel deduct as rental expense in Year 1?

Answers

Answer:

its 4,125

Explanation:

How long after your refund is processed do you receive it.

Answers

Answer:

They will provide an actual refund date as soon as the IRS processes your tax return and approves your refund.

Explanation:

Daniel has an annual taxable income of $25,000 and pays $2,500 in income taxes. Julia has a taxable income of $45,000 and pays $5,000 in income taxes. This tax is:

Answers

The tax for both Daniel and Julia are progressive tax.

What is progressive tax?

Progressive tax is a type of tax in which an income is taxed as much as it increases. This tax type imposes lower tax rate on low-income earners than on those with a higher income.

This means that those who are rich with high income, pay more as tax compared to the poor. This will however create a more balanced economic condition within the society.

Hence, the tax for both Daniel and Julia are progressive tax.

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Which level of strategy is concerned with how much to spend on marketing or whether to expand facilities?.

Answers

Corporate In corporate level of strategy serves as the level of strategy is concerned with how much to spend on marketing or whether to expand facilities.

What is Corporate-level strategy?

Corporate-level strategy  can be regarded as the action taken to gain a competitive advantage.

Thus action can be taken through the selection as well as management of businesses competing in several industries

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According to a recent study, offering low-cost offices with basic services to new businesses in the early stages of development results in an 87% success rate of

Answers

The study shows that offering of low-cost offices with basic services to new businesses in the early stages of development brings about a 87% success rate of incubator.

Who does the Incubators entails?

The Incubators is a tool that offer a new businesses in the critical stage of early development low-cost offices with basic services such as accounting, legal advice, secretarial help etc

In conclusion, the study shows that offering of low-cost offices with basic services to new businesses in the early stages of development brings about a 87% success rate of incubator.

Read more about incubator

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The months-of-supply for an item in inventory will always be ______ the days-of-supply for the identical item.

Answers

It can be deduced that the months-of-supply for an item will be less than the days-of-supply.

What is supply?

Supply simply means the quantity of goods and services that a supplier or producer is willing to sell at a particular time and a given price.

The months-of-supply for an item in inventory will always be less than the days-of-supply for the identical item.

In conclusion, the correct option is less than.

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What is the most important factor in maximizing the positive effects of a diverse workforce within an organization

Answers

A clearly written policy manual is the most important factor in maximizing the positive effects of a diverse workforce.

What is Diversity?

This is defined as a state of having differing elements or background in a place. This leads to having lots of differences which can be effectively managed.

In a workplace, the best way to maximize its positive effects is by ensuring a clearly written policy manual so as to prevent conflicts.

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Before Blueberry Designs launched their active wear line, they created a series of ads showing people wearing their designer dresses, suits, and heals at the gym, in the wilderness, and on a sailboat with the phrase, "Soon you can Blueberry, too." Blueberry Designs was using:_________
a) reminder advertising.
b) a straight-sell message.
c) a slice-of-life ad a transformational ad.
d) teaser advertising

Answers

The type of advertising that is used by Blueberry Designs to advertise their dresses, suits, etc is:

a transformational ad.

What is a Transformational Ad?

This refers to the type of advertising which helps to create awareness by showing the experience of using the products and how it would give the viewers a unique taste.

With this in mind and because of the type of advertising used by Blueberry Designs to create a series of ads to show people using their products with with the phrase, "Soon you can Blueberry, too." is using a transformational ad.

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Firlit Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufacturing Overhead applied to Work in Process was $70,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:____.
A) debit to Work in Process of $70,000.
B) credit to Work in Process of $70,000.
C) debit to Manufacturing Overhead of $69,000.
D) credit to Manufacturing Overhead of $69,000.

Answers

D would be your answer I think!

Are there absolute truths and values that transcend time and space? If yes where might these come from?

Answers

There are a few absolute truths and values that transcend time and space including and most of these are related to mathematics and science.

What are some absolute truths?

Absolute truths are those that will not change and are considered the unbiased truth regardless of the situation.

Some absolute truths include:

The Earth is a sphere. There are no squares which are circles. Time is finite.

These are all related to the the Math and Science subjects because these subjects aim to discover the rules of the Universe.

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What animal has 8 hearts?

Answers

A barosaurus is an extinct yet enormous creature so large that it is believed to have 8 hearts.
Currently, there isn’t anymore animals with that amount of hearts… but a long time ago the animal with 8 hearts was called a Brontosaurus.

Hope this helped! Thank you.

Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is considered part of the manufacturing section, because it produces the physical product: books, magazines, newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until printing transforms it into one)

Answers

The  sector that the publishing belong to, since it does not produce a tangible product is called quaternary sector.

What is  quaternary sector.

Quaternary sector is a sector that has to do with  making research or conducting research.

Based on the given information the sector that the publishing belong to will be quaternary sector reason being that before a book , magazines and newspaper is published, research has to be conducted or research has to be carried out.

Inconclusion the  sector that the publishing belong to, since it does not produce a tangible product is called quaternary sector.

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Reem and Maria are best friends. They entered into a partnership agreement. Each of them put up $5,000 for the flower shop that they established. They agreed that Maria will run the business and Reem will just share in the profits. Everything went well for three years. In the 4th year, because of the pandemic, the business ran into some financial problems. It could not pay the bank loan in the amount of $30,000.000. Reem, who is employed with an airline company, had money in her savings account in the amount of BD50,000.000. Maria only had BD2,000.000 in her account. The bank took BD30,000.000 from Reem’s account and because of it, she complained to the bank. Was Reem right in her claim that she should

not be made to pay the BD30,000.000? If yes, why? If no, why not? Justify your answer citing the part of the lesson discussed in class.

Answers

Explanation:

Yes because Maria was the one who runs the business so she should pay for the Loss made

Discontinuous change is characterized by _____, in which an old technology and several different new technologies compete to establish a new technological standard or dominant design.
a. technological singularity
b. design substitution
c. design competition
d. technological lockout

Answers

Discontinuous change is also characterized by design competition, in which the old technology and a lot different new technologies compete to set up a new technological standard.

What is a discontinuous change?

Discontinuous change, also known as discontinuous technological change, is a term that connote the  external alterations that needs internal adaptation.

This is one that is found on a path that is said to be nonlinear and it is also relative to the company's traditional innovation trajectory.

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When launching a new clothing line, a company must focus primarily on the needs and wants of ______.

Answers

consumers I hope it helps

Shazia manages a butcher shop. Recently, the butcher shop has had trouble competing with national grocery store chains. Shazia wants to develop a list of possible courses of action to attract more customers, so she gathers her team. They discuss the issue and suggest ideas to solve the problem. This is called:_________.

Answers

To develop a consistent marketing strategy, it may be necessary to set up a team meeting to suggest ideas for solving the problem, which is called brainstorming.

Definition of brainstorming

It is a technique used in organizations to raise ideas and solutions on a given problem, starting from the meeting with the team, where each member can contribute with ideas that generate innovation and a course of action for the situation.

Therefore, brainstorming can be used in the internal environment, when there is a need for strategic planning, and also in the external environment, in the development of a marketing campaign for example.

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