The Taylors have purchased a $220,000 house. They made an initial down payment of $20,000 and secured a mortgage with interest charged at the rate of 7%/year on the unpaid balance. Interest computations are made at the end of each month. If the loan is to be amortized over 30 years, what monthly payment will the Taylors be required to make? (Round your answer to the nearest cent.) $ What is their equity (disregarding appreciation) after 5 years? After 10 years? After 20 years? (Round your answers to the nearest cent.) 5 years $ 10 years $ 20 years $

Answers

Answer 1

Answer:

Explanation:

https://study.com/academy/answer/the-taylors-have-purchased-a-270-000-house-they-made-an-initial-down-payment-of-40-000-and-secured-a-mortgage-with-interest-charged-at-the-rate-of-6-year-on-the-unpaid-balance-interest-computatio.html


Related Questions

Identify the current status items that would be most helpful toward becoming a roofer. check all that apply. i am physically fit and strong. i am good at giving presentations. i took a math class and a shop class in high school. i am good at managing my own time. i took a history class and a literature class in high school. i attended a computer camp last summer to learn how to write computer programs.

Answers

The current status items that would be most helpful to be a roofer are:

I am physically fit and strong Math and shop class.Good at managing my own time.

Who is roofer?

This is known to be a person that helps to make or constructs/repairs roofs for a living.

Note that by having the skills above, one can be a good roofer and the knowledge of math will go a long way.

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Answer:

1 3 4

Explanation:

i got it right

According to the video, what are the goals of window displays? check all that apply.

to catch the eye

to learn about the customers

to make merchandise look irresistible

o to make salespeople feel glamorous

Answers

Answer:

a and c

Explanation:

Answer:

its a and c

Explanation:

i got it right

Which strategy makes use of your prior knowledge to help you read and understand quickly? A. guessing from context B. previewing C. skimming D. taking notes

Answers

Answer: Its B

Explanation:

Answer:  guessing from context

Explanation:

figuring out somethingyou dont know by how it makes sense based onthings you DO know.

Even though workers in some industries experience economic downsides, it seems inevitable that ________, the increasingly interconnected nature of business around the world, is here to stay.

Answers

It seems inevitable that globalization, the increasingly interconnected nature of business around the world, is here to stay.

What is economic downsides?

Economic downsides occur when their is decrease in economic growth due to some factors.

Some workers may tend to experience economic downside making them to earn low income or wages which  in turn can lead to decrease in the standard of living.

Therefore economic downside seems inevitable because globalization is here to stay.

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An escrow needs two basic elements to be valid. The first is conditional delivery to escrow of funds and transfer documents. The second is a binding contract between the:

Answers

The second is a binding contract between the buyer and seller. As The first is conditional delivery to escrow of funds and transfer documents.

What is binding contract?

Binding contract is the legal agreement that is enforced between the two parties. In this both the person or as many as the person are in the binding contract has to do their responsibilities, if one can fail in doing the responsibility than others can sue them.

Thus, it is buyer and seller.

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If the operations of a firm are similar to its industry, the ______ beta should be used to estimate the firm's cost of equity capital.

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If the operations of a firm are similar to its industry, the industry's  beta should be used to estimate the firm's cost of equity capital.

What is industry beta?

Industry beta  can be use to determine a company or an organization assets risk.

Most company tend to make use of industry beta as it help to determine or estimate  how cost of equity change in relation to the market index.

Therefore the industry's  beta should be used to estimate the firm's cost of equity capital.

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On January 2, 20X1, Hauser Company issues $2 million face amount, 10-year bonds. Issue costs associated with these bonds are $100,000. How are the issue costs accounted for

Answers

The bonds issue costs of Hauser Company amounting to $100,000 will be debited while recording in the journal entry; whereas, the bonds payable account will be credited.

What is a journal entry?

The systematic recording of accounting transactions in the journal books of a business organization, in a chronological manner, is known as a journal entry.

Hence, the significance of the journal entry is given above.

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A soda manufacturer has two operating departments: mixing and bottling. mixing has 600 employees and bottling has 400 employees. office costs of $320,000 are allocated to operating departments based on the number of employees. the office costs allocated to the bottling department are:

Answers

Cost allocation is a technique of allocating the organization's costs among the various cost centers of the organization. Thus, the office costs allocated to the Bottling department are equal to $128,000.

What are allocation costs?

Cost allocation is a technique of supplying relief to shared carrier organization's cost facilities that offer a product or provider. In turn, the related cost is assigned to internal clients' price centers that devour the goods and services.

As per the given information,

Total office costs: $320,000

We have given total number of employees for mixing = 600

And total number of employees for bottling = 400

office costs = $320,000

So total number of employees is equal to 600 plus 400 is 1000 employees.

[tex]\rm\,Allocation \,Base\, For\, Mixing: \frac{600}{1,000} = 0.6 \\\\So allocated amount for mixing is 0.6 \times \$320,000 = \$192,000\\\\Allocation \,Base\, for\, Bottling\, = \dfrac{400}{1,000} = 0.4\\\\So allocated amount for bottling = 0.4 \times \$320,000= \$128,000[/tex]

Thus, the office costs allocated to the Bottling department is equal to $128,000.

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I'm not sure how many months I'll be in town. The renting agent says I can leave with 30 days notice."
Rent.
Not rent.

Answers

There is landlord tenant law which dictates the law related to the rented house. Landlord must have to give at least 15 days notice to the tenant for vacating the house.

What is Landlord tenant law and how it works?

It is important to know about the Landlord law before giving or taking the property on rent. There is a rent agreement for the tenant and sometimes lessor also charge some security amount from the lessee.

If a rented property is closed for weeks or months, lessor can ask the lessee to vacate the house but tenant has to still pay the amount for that particular period.

Landlord can ask the tenant to vacate the house and he doesn't have to provide a reason to the tenant for this and tenant have to pay the rent.

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What does the word “marginal” mean in economics?

Answers

Answer Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.

A project has a cost of $65,000 and it's expected cash inflows are $12,000 per year for 9 years and the cost of capital is 10%. What is the project's IRR and MIRR

Answers

Based on the project cost and the expected inflows, the project IRR is 11.57% and the MIRR is 10.75%.

What are the IRR and the MIRR?

You can use a spreadsheet to find the IRR and the MIRR by listing the project cost and expected cashflows, as shown in the attached document.

When you use the IRR function as shown, you will be returned the value of 11.57%.

When the MIRR function is used, include the 10% cost of capital to get a value of 10.75%.

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Select all the correct answers. why do nations practice protectionism? to prevent loss of jobs and livelihoods to improve relations with other nations to encourage growth of new industries to give consumers more choices to retaliate against unfair trade practices

Answers

The nations practice the policy of protectionism in order to safeguard the jobs and livelihood, maintain good relations with other nations, and fight against unfair practices.

Options A, C, and E are the correct answers.

What is protectionism?

Protectionism is a kind of policy exercised to regulate imports from outside by making them costly.

Under the policy of protectionism, the imports can become expensive by putting trade restrictions like charging tariffs, putting imports quotas, etc. this decrease the profitability of imported goods. This policy safeguards the workers, companies, and manufacturers when engaging in competition with other nations.

Therefore, the explanation provided in points A, C, and E are specifying the reasons for the use of protectionism policy by nations.

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In what way does a cost center differ from either an investment center or a profit center? Select one: A. Cost centers are a much less common component of current business organizations, given the increased emphasis on value chain analysis. B. A cost center is always smaller than either an investment center or a profit center. C. A cost center recognizes neither revenues nor computes income. D. Both A and B are correct.

Answers

Answer:

C. A cost center recognizes neither revenues nor computes income

A commenced his cloth business on 1st April, 2018 with a capital of ₩30,000. On 31st March 2019, his assets were worth ₩50,000 and liabilities of ₩10,000. Find out his closing capital and profits earned during the year.

[tex] \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: [/tex]
Help me with this question ~​

Answers

Answer:

Profits = ₩10,000

Closing Capital = ₩40,000

Explanation:

Let's note down the given information at first.

Opening capital = ₩30,000Worth of assests after 1 year = ₩50,000Liabilities = ₩10,000

Now,

Profits

= (Worth of assets after 1 year - Liabilities)  - Opening capital

= (₩50,000 - ₩10,000) - ₩30,000

= ₩10,000

Next, let's find the closing capital

= Assets - Liabilities

Assets                ₩50,000

Liabilities              ₩10,000

[tex]\rule{150pt}{1pt}[/tex]

Closing capital      ₩40,000

[tex]\rule{150pt}{2pt}[/tex]

Explain the difference between the terms supply and quantity supplied.

Answers

The difference between the terms supply and quantity supplied is supply includes all the possible market prices and the amount of quantity while quantity supplied deals with one specific market price and amount of quantity.

People that can influence a consumer’s decision making process are called:

A. Reference groups
B. Influencers
C. Instructors
D. Annoying

Answers

Answer:

B

Explanation:

People that can influence a consumer’s decision making process are called influencers.

explain the benefits of UIF​

Answers

Answer:

It gives short term relief to workers when they become unemployed or are unable to work because of maternity, adoption, and parental leave or illness. It also provides relief to the dependents of a deceased contributor.

Explanation:

I hope my answer helped u :)

night talking time. Everyone allowed!

Answers

Answer:

if u want talk to me here I am

sold goods costing 10000 to mahesh for 8000​

Answers

Answer:

answer is 2000

Explanation:

The goods is worth 10000 while it was sold for a low price as 8000

10000-8000

=2000

Sara has a home-based business and needs to produce professional looking documents. She's willing to pay more money for a high-quality, fast printer that produces sharp text and doesn't use too much ink. Which printer should she choose

Answers

If Sara what printer with quality, fast printer that produces sharp text and doesn't use too much ink she should get it Inkjet printer

What is a printer?

A printer is device used in printing documents, there are different types of printer based on the type of printing to be made.

Therefore,If Sara what printer with quality, fast printer that produces sharp text and doesn't use too much ink she should get it Inkjet printer

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The printer that Sara should choose is a Laser Printer

What is a Laser Printer?

This refers to the type of printer that produces high-quality images and is super quick and uses a minimal amount of ink.

Hence, we can see that based on the fact that Sara wants to buy a new printer for her home-based business, and she wants to produce professional looking documents, she should buy a laser printer.

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How is a 401k different from an individual retirement account (IRA)?

A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.

Answers

A 401(k) is a good long-term investment strategy hope it helps

Tom, the seller, is helping the buyer with financing. tom will give this mortgage to the buyer, and the money will go toward the down payment. what kind of mortgage is this

Answers

Based on the scenario above, the kind of mortgage that the above situation is is called  Purchase money mortgage.

What Is a Purchase-Money Mortgage?

A purchase-money mortgage is known to be a kind of a mortgage that is said to be issued to the borrower and usually by the seller of a home and it is one that is also part of the purchase transaction.

Note that Based on the scenario above, the kind of mortgage that the above situation is is called  Purchase money mortgage.

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Creating an online website what are good ideas to help me brainstorm

Answers

A few ideas for the website are:

An easy-to-update CMSResponsive designHelpful navigationStrong brand identityContact informationSecurity features

Megan and Martha own competing hair salons that are in the same neighborhood. They are both considering offering their clients discounts in order to increase business. The payoff matrix shows their yearly incomes in thousands of dollars if they offer and do not offer discounts to their customers. Martha Megan Discount No Discount Discount $50, $75 $75, $60 No Discount $35, $90 $70, $85 If both Megan and Martha did not discount, what would each earn in yearly income

Answers

Based on the given payoff matrix, if both Megan and Martha decide not to discount, Megan would earn $70,000 and Martha would earn $85,000.

What happens when Martha and Megan don't discount?

The payoff matrix shows that the figures at the intersection of when both Megan and Martha refuse to give a discount, is $70 for Megan and $85 for Martha.

Seeing as these figures are in thousands of dollars, this means that Megan gets $70,000 and Martha gets $85,000.

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The area of accounting concerned with providing internal users with information is called a.public accounting. b.internal accounting. c.financial accounting. d.managerial accounting.

Answers

The area of accounting concerned with providing internal users with information is called managerial accounting.

What is accounting?

The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.

Management accounting, often known as managerial accounting, is the branch of accounting that delivers information to internal users like managers and staff. • Giving managers and staff timely access to pertinent information is the goal of managerial accounting.

Therefore, Thus option (D) is correct.

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Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now, he might experience a skilled labor shortage for approximately two weeks due to increased demand for the company's products. Which option would be best for dealing with this labor shortage

Answers

"Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now..." the option that would be best for dealing with this labor shortage is Short-term gain in productivity may be made by encouraging employees to work more hours. This is further explained below.

What are work hours?

Generally, work hours are simply defined as the required or stipulated time for a job.

In conclusion, Throughout 40 to 44 hours per week are the norm in most nations around the globe.

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how do you start a business successfully

Answers

make sure to stay focused and to always have a positive mindset no matter what

ANSWER ONLY IF YOU KNOW
Monetary policy is used to promote reasonable growth, price stability, and full employment through the use of government spending and either reducing or increasing taxes.

-True
-False

Answers

Answer:
True

Monetary policy is the control of the quantity of money available in an economy and the channels by which new money is supplied

Candace works in the traffic division for the city of boston. she is an organized, pleasant person known for her ability to analyze information and make recommendations about ways to improve traffic flow in the city. she most likely works in health, safety, and environmental management. logistics planning and management services. warehouse and distribution center operations. transportation systems/infrastructure planning.

Answers

Analyzing the information, it is correct to say that Candace probably works in transportation/infrastructure planning.

What is the role of a transportation systems planner?

She is the professional responsible for developing strategies for continuous improvement of issues related to transport, helping to satisfy the needs of users and environmental issues.

Therefore, the transport system planner is responsible for the study and evaluation of projects that encompass the improvement of transport quality.

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Answer:

D.

Explanation:

Edge

Among the securities issued by a firm, the after-tax cost of hybrids (bonds with warrants or convertible bonds ) is

Answers

Answer:

yes

Explanation:

yes

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