Warm-Up
Teresa is considering purchasing a home for $220,000 by taking out a loan with an interest rate of 4.3% for 30 years. What would her monthly payment be?

Use the monthly payment formula to calculate the monthly payment for this loan:

M =
M = monthly payment

P = principal

r = interest rate

t = number of years

Answers

Answer 1

Answer:

$1,088.12

Explanation:

The formula for calculating monthly repayments is as below.

M=  P x    r      

              1 − (1+r)−^n

where p is the loan amount = $220,000

r = 4.3per cent or 0.043 % interest rate per year,

 on monthly basis r will be 0.043/12=0.00358%

n = 30 year, which is 30 x 12 months= 360 months

M= $220,000 x 0.00358    

                         1 - (1+0.00358 ) ^ - 360

M=$220,000 x  0.00358  

                         1- 0.2762

M = $220,000 x (0.00358 /0.7238)

M = $220,000 x 0.0049461

M = 1,088.12

Monthly payments will be $1,088.12


Related Questions

The process of sorting through application forms to select a small group of candidates suitable for interview is?

A) selection
B) shortlisting
C) testing
D) priotising​

Answers

Answer:

B) shortlisting

Suppose that there are small, but nontrivial, barriers to entry into
a monopolistically competitive market. How would this affect the long-run
profitability of firms in the market? It’s

Answers

Answer:

Firms make normal profits

Explanation:

Monopolistic competition is characterized by many firms selling similar but differentiated products. Each firm sets its price because they sell slightly different products. There are insignificant or no barriers to entry or exit in a monopolistic competition.

It is possible to make abnormal profits in monopolistic competition in the short run. Due to ease of entry and exit, a firm with abnormal profits will face competition from new entrants. In the long-run, no firm will dominate the market, which means all firms will be making normal profits.

You are in work and a group of coworkers are complaining about a project deadline. Which of the following is not an example of avoiding negativity?
-complain along with your co-workers
-see the positive side of the situation
-stay away from the gossip
be part of the solution

Answers

Answer: complain along with your co-workers

What range of interest rate on a
traditional loan can a company in good
financial standing expect from a bank?
A. 1% up to 10%
B. 15% up to 25%
C. 30% up to 45%
D. 50% and up.

Answers

The correct answer is B

QUESTION 5 of 10: Last year, your store's total revenue was $272,000. The store's total discounts were $3,505 and returns totaled $1,459.
What were your store's net sales?
a) $209,844
b) $254,984
c) $267,036
d) $289,890

Answers

Answer:

c) $267,036

Explanation:

Net sales will the total revenue minus discounts minus the sales returns.

I.e Net sales = Revenue - discounts -returns

=$272,000- $3,505 - $1,459.

=$267,036

Question 3
Having a bad credit history impacts every one of these items but one. Which is
the one item not impacted by bad credit history?
A. Your ability to get a car loan or any other type of loan.
B. The fact that I am a good person.
C. An employer's decision to offer you a job.
OD. The interest rate offered to you.

Answers

Answer:

B. The fact that I am a good person.

Explanation:

Credit history refers to a person's track record in borrowing and repayments of loans. It shows whether the individual has honored their debts in full and on time. Credit history is useful when applying for a loan from formal institutional lenders.

A bad credit history shows a person had issues in paying their loans. It affects their future borrowing as lenders may assess them as high-risk customers. Bad credit history attracts high-interest rates. Employers may judge some persons as poor money managers hence avoid hiring them.

Bad credit history is about debt payment but not who the person really is. Inability to repay loans may be caused by several factors such as illness or loss of income. A person's character remains the same regardless of their credit history.

Darwin proposed a new theory of how evolution works, which he called
.

Answers

He proposed that evolution occurs because of a phenomenon called natural selection

Answer:

natural selection

Explanation:

Suppose that the supply schedule for tacos shows 300 tacos per day supplied at a price of $2.00 apiece. What must the demand schedule for tacos at that price show for the market to be in equilibrium?

Answers

Answer:

300 tacos as well

Explanation:

Market equilibrium is defined as the point where market supply and market demand are exactly the same.

So if the supply schedule shows 300 tacos per day at a price of $2.00, for this point to be the market equilibrium, the demand schedule has to show 300 tacos per day.

This also means that $2.00 is the equilibrium price in this market, that is to say, the price at which the supply and demand of tacos equalize.

Leslie tunes musical instruments. Leslie tuned a guitar with 666 strings today. Then she tuned a piano with 373737 times as many strings. How many strings did the piano have? Choose 1 answer: Choose 1 answer: (Choice A) A The piano has 422422422 strings, because 37 \times 6=42237×6=42237, times, 6, equals, 422. (Choice B) B The piano has 222222222 strings, because 37 \times 6=22237×6=22237, times, 6, equals, 222. (Choice C) C The piano has 666 strings, because 37 \div 6=637÷6=637, divided by, 6, equals, 6 remainder 111.

Answers

Answer:

there is something wrong with the question since a guitar has 6 strings, so I believe that the numbers were copied three times.

Assuming that Leslie tuned a 6 string guitar and she also tuned a piano that has 37 times as  many strings, then the piano has 37 x 6 = 222 strings.

Option B is correct: the piano has 222 strings, because 37 times 6 = 222

Answer:

It's actualy 222

Explanation:

Which of the following describes a food retailer?


uses products from farmers and ranchers, commodity processors, and food manufacturers to offer food to their customers

supports the farmers and ranchers with feed and seed

transports the farmers’ and ranchers’ products and the processed and manufactured food products throughout the system

buys the processors’ products to make prepared food

Answers

Answer:

transports the farmers and ranchers

Answer:

B

Explanation:

What will most likely cause a lender to approve credit? (5 points)
A historic credit score of 500

Most payments paid on time

A large amount of debt owed

A long credit history with high balances

Answers

I think it’s b, most payments paid on time

The most likely cause for a lender to approve credit is most payments are paid on time.

These five Cs—character, capacity, capital, collateral, and conditions—are also used by lenders to determine the interest rate and other terms of your loans.

Your payment history, or how you have handled your credit accounts, is the most crucial component of your FICO Score, which is utilized by 90% of the top lenders.

Your income and job history are strong predictors of your capacity to repay debt. Income quantity, consistency, and kind of income are all factors to consider.

The debt-to-income ratio (DTI) can be calculated by comparing your existing and any additional debt to your pre-tax income.

Therefore, the correct option is "most payments paid on time".

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Which of the following is an example of human resources planning?
A. An employee complains to his manager that he is being asked to
work too many hours.
B. An HR manager talks with department managers to determine
which workers are needed,
C. Two workers disagree with each other about the sufficiency of the
benefits the HR department offers,
D. A CEO talks with the HR manager about the value of the company
and decides that it needs to grow.
SUBMIT

Answers

Answer:

B. An HR manager talks with department managers to determine which workers are needed,

According to the OOH, what are some educational, training, certification, or licensing options required or helpful for Chefs? Check all that apply.

Answers

The correct answer is:

A) medical school

C) internship and residency program

D) license

Chefs and head cooks typically need a high school diploma and work experience to enter the occupation. Some attend a culinary program at a community college, technical school, culinary arts school, or 4-year college. Others learn through apprenticeship programs.

What are the minimum requirements to be a chef?

To become a chef, you need experience in a professional kitchen. Many chefs go to culinary school or complete a certificate or associate degree at a community college in order to learn the fine technical aspects of the trade.

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Answer:

A, B, F, G

Explanation:

Edge.2023 <3

:)

What type of market model is wheat farm?

Answers

Answer:

competitive

Explanation:

The market for wheat is often taken as an example of a competitive market because there are many producers, and no individual producer can affect the market price by increasing or decreasing its output. For this reason, each farmer takes the market price as predetermined.

Answer:

Competitive

Explanation:

The market for wheat is often taken as an example of a competitive market, because there are many producers, and no individual producer can affect the market price by increasing or decreasing his output. For this reason, each farmer takes the market price as predetermined.

Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.

Answers

Answer: Contract is voided

Explanation:

From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.

We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.

A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.

how do you write 4.3756*10 to the power of 4

Answers

Answer:

=43,756

From online sources the full question should be:

How do you write 4.3756*10 to the power of 4 in standard form:

Multiple-choice options:

a) 437,560,000   b)  43, 756    c). 0.00043756  d).  4,3756

Explanation:

4.3756 *10 to the power 4

=4.3756 x10^4

=4.3756 x 10,000

=43,756

Many performers, like singers, actors, and athletes, get paid large amounts of money. Do you think they earn these amounts or should they get paid less? Why?

Answers

Answer:

They deserve that amount of money, they have worked hard to earn that sum of money.

Answer:

no they work for what they have and they work there way to where they are because not everyone can wakeup and be a D-1 football player or a singer those things take time, effort, determination to not give up, and etc. So with all this i think they get payed for what they earn becuase not all singers actors and althletes make the same amount of money!

Explanation:

What are 3 reasons why people work

Answers

Answer:

to earn money to feed their families, to pay their bills, to go places,

Explanation:

- make money
- take care of themselves (like a house, food, water etc.)
- special occasions (vacations, road trips etc)

my answers are related to "make money" but because you are working, you make money to do those fun things. if that makes sense lol

How is communism produced ?

Answers

Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society. Communism is thus a form of socialism—a higher and more advanced form, according to its advocates. Exactly how communism differs from socialism has long been a matter of debate, but the distinction rests largely on the communists’ adherence to the revolutionary socialism of Karl Marx.

i am not sure if that is going to answer your question but that’s the best i could do. have a good day

Which tasks would be performed by someone in an Administration and Information Support career?

analyzing information to predict future sales and supervising others
answering telephone calls and filing paperwork
training employees and administering employee benefits
hiring and firing employees and approving budgets

Answers

Answer:

B. Hope this helps my friend!

Explanation:

Answer:

anwer is B

Explanation:

PLEASE ANSWER THE 2 QUESTIONS IN THIS SCREENSHOT FOR ME THANK YOU IF YOU DO AND HERE IS A BRAILIEST IF 2 PEOPLE ANSWER IT OF COURSE:

Answers

Answer:

The 1st one is something you want in the future that is expensive the second would say" A customer wants to know the price and the product it self and if its durable"

Explanation:

Answer:

One high end product I want to buy in the future is a thread ripper. It is a processor which is one of the reasons why a computer will run. It is like the heart, it makes all the components work

the customer will want to know that the product is one of the most expensive out there but it is defiantly worth the money. you have to have a good enough mother board to run the thread ripper though. You also need DDR 4 ram at least which makes the computer components work faster and gets rid of lag of course

Explanation:

dont answer please no

Answers

HiAnswer: hi thanks

Explanation: hope that helps

Part II: Planning for Retirement
1. Lynn has learned that she will need to save $1 million dollars to support her current
lifestyle if she retires in 15 years. Lynn had not thought about planning for retirement until
now. If she begins saving now, she will need to save approximately $67,000 per year.
Based on her annual income of $75,000, this goal is not attainable. How would Lynn's
retirement be affected if she had understood the importance of planning for retirement
earlier?

2. In three to four sentences, explain how you would develop a long-term investing strategy
to ensure that you will have a financially secure retirement.

PLEASE HELP! I WILL MARK YOU THE BRAINLIEST:)

Answers

Answer:

An effective strategy to retirement includes setting goals, being aware of timing knowing when and how long it will take to save. Also, taking advantage of retirement savings options such as 401(k), IRA, or SEP plans, as well as understanding the impact of taxation and tax benefits. Lastly, staying on top of it all when you actually get there, and monitoring your progress every step of the way making adjustments when needed.

Explanation:

Three types of lobbying?​

Answers

Yes they are u didn’t know
Yes there are you didn’t know that?

There will be a higher equilibrium price and lower quantity if _____.

Answers

Answer:

Supply decreases

Explanation:

Equilibrium is a balanced scenario where demand matches supply. At equilibrium, both sellers and buyers are happy with the current price. The market has no excess demand or supply or demand.

A decrease in supply while demand stays constant results in many customers competing for the few products in the market. There will be scarcity because the supply cannot satisfy demand. The supply curve shifts outwards or to the right resulting in a new and higher equilibrium point. The price will increase while the quantity supplied declines.

What is one risk of being an entrepreneur?

1. The rate of failure.
2. Possible of large sums of money.
3. The rate of success.
4. Being your own boss.

Answers

The rate of failure
The rate of failure

when should you send an email?
A. when you have sent previous emails with no response.
B. When the subject addresses something that is very time-sensitive
C. When you do not want a written record of the conversation
D. When the subject addresses something meant to occur in the future, or impact the future.

Answers

Answer:

D. is the most likely.

A., sending emails repeatedly to someone who isnt responding is useless

b. sensitive subjects are best to talk about in person so that are no communication errors

c. You can just talk with someone if you dont want any written records

The email should be send when the subject addresses something meant to occur in the future, or impact the future.

Email is electronic mail that has the purpose to send and receive messages through the internet medium. The business organization makes use of emails for exchanging official information and keeping its records.

Thus, business communication is effectively executed with the help of emails as vital messages regarding future events, policies, or any update is sent in order to get prepared for change and perform the task accordingly.

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1. When you perform a budget analysis you compare a projected budget" with a/an
budget.
A. Overestimated
B. Actual
C. Inflexible
D. Estimated

Answers

Answer:

B. Actual

Explanation:

The budget analysis involves a comparison of the projected revenue and expenses against the actual performance. The budget analysis seeks to find out and understand any resultant variance. Budgets are prepared at the beginning of a period, but the budget analysis happens after the period is concluded.

A budget analysis helps determine if the organization achieved its objectives in the period under review. It helps point out areas of strength and weakness in the business.

Demand for a product is most likely to increase because
A consumers develop a preference for a competing product
B. demand for complementary goods decreases.
х
c. the total number of customers in a market declines
D. a product's price is rumored to rise in the future.
X Incorrect

Answers

Answer:

The total number of customers in a market declines

Explanation:

Demand refers to the volume of a product that buyers are willing to purchase in the market at a stated price at a given time. As per the law of demand, a high price makes the demand for a product to decline. Other factors that affect the demand for a good or service include

An increase or decrease in people's income.Changes in the price of other related goodsIncrease or decrease  in population sizeChanges in customers preferences

The more the population, the higher the demand for a product will be. A decrease in population means fewer people will purchase the product in the market. A reduced population results in low demand.

PLEASE HELP ME ILL MAKE YOU BRAINLIEST

Answers

Answer:

individual

Explanation:

pretty sure

Answer: D

Explanation:

its d not c

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