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wel
1 month ago
8

A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W

hat is the total amount of interest the borrower will pay over the course of the loan
Business
1 answer:
marusya05 [3.1K]1 month ago
8 0

Given:

Loan amount = $250,000

Interest rate = 5.5%

Interest payment = $2,042.71

To find:

Total amount of interest

Solution:

The total duration in 15 years equals 15\times12=180\text{ years }

Overall monthly payments will be 180\times \$2042.71 = \$367687.8

Thus, the complete payback sum is $367,687.80

<pThe total interest to be paid is calculated as follows,

\text{Total interest paid = Total pay-backs - Loan amount}

By substituting the appropriate values into the equation above, we determine that,

\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80

The total interest amount that the borrower will end up paying throughout the loan period is $117,687.80.

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A retired woman has $180,000 to invest. she has chosen one relatively safe investment fund that has an annual yield of 9% and an
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Solution:
Denote the investment in the 9% scheme as x and in the 13% scheme as y.
x + y = 180000 --equation 1
0.09x + 0.13y = 18000 --equation 2
To balance the equations, multiply equation 1 by 0.09 and equation 2 by 1,
0.09x + 0.09y = 16200 -equation 3
0.09x + 0.13y = 18000 --equation 4
By subtracting equation 4 from equation 3,
-0.04y = -1800
y = 45000
Now substituting y's value back into equation 1,
x + 45000 = 180000
x = 135000
The investment for the 9% scheme = $135,000
The investment for the 13% scheme = $45,000
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Describe the different types of instructional characteristics that this program should have for learning and transfer to occur a
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Response:

The details are as follows

Clarification:

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Workers operating specific machinery require dedicated guidelines on machine operations and associated safety precautions.

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There are several management roles, including Production Manager, Finance Manager, HR Manager, and Marketing Manager. Since production areas see a higher frequency of accidents, the Production Manager necessitates more comprehensive training materials.

8 0
21 day ago
You work for a Defense contracting company. The company develops software applications which perform intensive calculations in t
arsen [3021]

La empresa de contratación de defensa utiliza sus recursos financieros para adquirir instancias de EC2. Estas instancias reservadas tienen un periodo de uso de entre uno y tres años.

Si el programa es cancelado por alguna razón, la compañía tiene la opción de arrendar la instancia adquirida a otra empresa, generando ingresos anuales mediante este alquiler.

Esto permitirá recuperar el costo no recuperable y generar ingresos con la instancia reservada de EC2.

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8 0
27 days ago
Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan
Free_Kalibri [3195]
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6 0
22 days ago
Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that the exp
marusya05 [3108]

Answer:

P14 = $55.69545045394 rounded to $55.70

Explanation:

The dividend discount model (DDM) based on constant growth can help determine the current stock price. It assesses a stock’s price using the present value of the anticipated future dividends. The formula for determining today's price with a constant growth DDM is,

P0 = D1 / (r - g)

Where,

  • D1 represents the expected dividend for Year 1 or the following year
  • g denotes the constant growth rate for dividends
  • r signifies the discount rate or the required rate of return

To find the stock price today, we will utilize the dividend expected in Year 1. Consequently, to compute the stock price 14 years into the future, we calculate D15. D15 can be figured out as follows,

D15 = D1 * (1+g)^14

D15 = 0.50 * (1+0.09)^14

D15 = $1.67086351362 rounded to $1.67

Now applying the DDM formula for the price,

P14 = 1.67086351362 / (0.12 - 0.09)

P14 = $55.69545045394 rounded to $55.70

6 0
1 month ago
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