Prof. chaos finds a new house he wants to buy for $260,000. after selling his current house he expects to have $80,000 as a down payment for his new house. what would prof. chaos monthly payment be on the $180,000 mortgage he would need if he takes out a 30-year fixed rate mortgage at a 4% nominal annual rate? (round your answer to the nearest cent)

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?