subject
Business, 21.09.2019 15:30 saucydolphin20p6x92l

Audrey sanborn has just arranged to purchase a $450,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7.5 percent stated annual interest rate, compounded monthly, and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will audrey’s balloon payment be in eight years?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 04:50, danny123421
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
image
Business, 22.06.2019 10:10, hausofharris
Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?
Answers: 2
image
Business, 22.06.2019 23:30, Kdub4evaa
Sports leave thousands of college athletes with little time for their studies. this is an example of
Answers: 1
image
Business, 23.06.2019 02:50, shay03littletop5kx2p
In the market for lock washers, a perfectly competitive market, the current equilibrium price is $5 per box. washer king, one of the many producers of washers, has a daily short-run total cost given by tc = 190 + 0.20q + 0.0025q2, where q measures boxes of washers. washer king's corresponding marginal cost is mc = 0.20 + 0.005q. how many boxes of washers should washer king produce per day to maximize profit?
Answers: 1
You know the right answer?
Audrey sanborn has just arranged to purchase a $450,000 vacation home in the bahamas with a 20 perce...

Questions in other subjects: