You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $ 2 comma 356 and you have made every payment on time. The original term of the mortgage was 30​ years, and the mortgage is exactly four years and eight months old. You have just made your monthly payment. The mortgage interest rate is 7.500 % ​(APR). How much do you owe on the mortgage​ today? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

Answers

Answer 1

Answer:

$320,244.92

Explanation:

We must first determine the principal of the loan and we can do that by using the present value of an annuity formula:

PV = monthly payment x annuity factor

monthly payment = $2,356PV annuity factor, 360 periods, 0.625% = 143.01763

PV = $2,356 x 143.01763 = $336,950

Once we have calculated the principal, we can prepare an amortization schedule. I used an excel spreadsheet to do it. Four years and 8 months is the same as 56 monthly payments. The principal's balance after the 56th payment is $320,244.92


Related Questions

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Every monetary decision we make involves a level of choice, usually of one thing over another. What is the name for this financial trade-off?



A. personal risks



B. inflation



C.opportunity cost

Answers

Answer:

C.opportunity cost

Explanation:

this is super easy

Answer:

C

Explanation:

Took the test :)

cookiesamichael12345678

Answers

Answer: ?

Explanation:

Girl what does that mean, either you can count right or thats a username

what is the importance of opportunity cost to the governmentk​

Answers

Answer:

Opportunity cost is important to economic agents, such as consumers, producers and governments. For example, producers might have to choose between hiring extra staff and investing in a new machine. The government might have to choose between spending more on the NHS and spending more on education.

drawing increase the investment of the owner true or false​

Answers

true

pretty sure this is correct lol
Depends on the case.

1) Based on the video, which type of
departmentalization is used by the parent company
of MyGym?
a
Geography
b
Functional
с
Product
d
Process
Customer
e

Answers

Answer:

d customer

Explanation:

because people buy memberships to the gym

hope it helps

lol whoever answers this first gets 20! have a great day!!!

Answers

Answer:

hi thank you have a great day

Explanation:

Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,500 Materials costs $ 7,900 Conversion costs $ 3,200 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,400 Units completed and transferred to the next department during the month 6,600 Materials costs added during the month $ 111,000 Conversion costs added during the month $ 84,100 Ending work in process inventory: Units in ending work in process inventory 2,300 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost of units completed and transferred from the first processing department to the next processing department during the month is closest to

Answers

Answer:

$174,781.20

Explanation:

I will do the calculations in 3 stages. You won`t go wrong if you follow these.

Equivalent UnitsTotal Unit CostTotal Cost to be transferred to next department

Calculation of Equivalent Units of Production with respect to Raw Materials and Conversion Costs

1. Raw Materials

Ending Work In Process Inventory (2,300 × 70 %)                          =  1,610

Completed and Transferred to Finished Goods (6,600 × 100%)   = 6,600

Equivalent Units of Production with respect to Raw Materials       = 8,210

2. Conversion Costs

Ending Work In Process Inventory (2,300 × 55 %)                           = 1,265

Completed and Transferred to Finished Goods (6,600 × 100%)    = 6,600

Equivalent Units of Production with respect to Conversion Costs = 7,865

Calculation of Total Unit Cost of Production with respect to Raw Materials and Conversion Costs.

Unit Cost = Total Cost (Beginning + Current) ÷ Total Equivalent Units

1. Materials

Unit Cost = ( $ 7,900 + $ 111,000) ÷ 8,210

                = $14.482 (3 decimal places)

2. Conversion Cost

Unit Cost = ( $ 3,200 + $ 84,100) ÷ 7,865

                = $12.00 (3 decimal places)

3. Total Unit Cost

Total Unit Cost = Materials + Conversion Costs

                         = $14.482 + $12.00

                         = $ 26.482

Calculation of total cost of units completed and transferred from the first processing department to the next processing department

Total Cost = Units Completed and Transferred × Total Unit Cost

                 = 6,600 × $ 26.482

                 = $174,781.20

A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 ​million, while the forecast was 43 million. A smoothing constant of 0.20 is used. ​a) Using exponential smoothing and given alpha​, the forecast for the month of July​ = nothing million checks received ​(round your response to one decimal​ place). ​b) If the​ check-processing center received 44 million checks in the month of​ July, then using exponential smoothing and given alpha​, the forecast for the month of August​ = nothing million checks received ​(round your response to one decimal​ place). ​c) Exponential smoothing may not be an appropriate method to use for the​ check-processing center​ because: A. the​ check-processing center should observe an increasing trend in its processing requirements. B. the​ check-processing center should observe seasonality in its processing requirements. C. the

Answers

Answer:

Follows are the solution to this question:

Explanation:

In point A:

[tex]\text{Accelerating layering Forecast July= }[/tex][tex](\text{Actual demand of June} \times 0.20) + ( \text{Forecast demand of June} \times (1 - 0.20))[/tex]

[tex]= ( 38 \times 0.2) + ( 43 \times 0.8)\\\\= 7.6+ 34.4\\\\=42[/tex]

In point B:

[tex]\to Forecast \ \ August = (44 \times 0.2) + ( 43.2 \times 0.8)[/tex]

                                 [tex]=8.8+34.56 \\\\=43.36[/tex]

In option C:

Its right choice is to track the seasonality of the processing requirements of the control centre.

Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from experience that the total number of pizzas she can produce in an hour is given by the function q=4K0.5L0.5 , where q is the number of pizzas per hour, K is the number of ovens, and L is the number of workers. Suppose another pizza restaurant in the same town can produce 19 pizzas per hour. Being an extremely competitive person, Sharon wants to produce 20 pizzas per hour. Therefore, his total hourly cost function is given by ____

Answers

Answer:

Q+X = [4K^1/2L^1/2] + X

Explanation:

L = labour = workers

K = capital = ovens

You don't have the exact value of Q since the values of K and L are not given.

You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.

Assuming the distance/difference between 20 and Q is X (a positive number).

Sharon's new hourly cost function will be:

[tex]Q+X = [4K^1/2L^1/2] + X[/tex]

Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.

The function can now be rewritten as 20 = [4K^1/2L^1/2] + X

where X = 20 - Q

This is not a school question but
Who here watches Larray on YT

Answers

Answer:

Me. I love him.. lol. He's Funny

Answer:

MEEEEEEEEEEEEEEE

Explanation:

What is product positioning?

Answers

Answer:

Product positioning is a form of marketing that presents the benefits of your product to a particular target audience

Answer:

Description Positioning refers to the role that a brand occupies in the minds of the consumers and how it varies from the competitors' goods and from the brand recognition concept.

Explanation:

What are the possible problems for readers when companies market their goods on social media? How do social media companies make money? Can individuals keep their information private from marketers when they use social media?

Answers

Answer:

I want to know to

Explanation:

Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant

Answers

Answer: Special education teacher

Career and technical education teacher

Middle school teacher

Post secondary teacher

Teacher assistant

Explanation:

Answer:

1.Special education teacher

2.Career and technical education teacher

2.Middle school teacher

3.Post secondary teacher

4.Teacher assistant

Explanation:

An apparel company has introduced three different varieties of shoes at different price points. a company that produces shampoos have now introduced dishwashing liquids in the market. a shoe company sells its floaters at a price that does not even cover its production cost. a chocolate company introduces its new range of chocolates at a discounted price for limited stock only. loss leadership arrowRight promotional pricing arrowRight product line pricing arrowRight brand extension

Answers

Answer:

An apparel company has introduced three different varieties of shoes at different price points. [Product line pricing]

A company that produces shampoos have now introduced dishwashing liquids in the market. [Brand extension]

A shoe company sells its floaters at a price that does not even cover its production cost. [Loss leadership Pricing]

A chocolate company introduces its new range of chocolates at a discounted price for limited stock only. [Promotional pricing]

Explanation

Product Line Pricing: This strategy of separating products into various price categories may or may not have anything to do with their cost. It, however, achieves the effect of making one seem of a higher quality than the other.

Brand Extension:

Brand extensions serve the primary purpose of maintaining brand dominance and or relevance in the mind of the consumers.

Loss Leadership Pricing: This strategy is often used to attract the attention of customers. As customers compare the price of this product with similar/competing products, it can even create a mindset with customers that the business has very cheap products. This ultimately leads to more purchases and ultimately an increase in the bottom line of the business. This strategy is seldom used in isolation. The business almost always makes up for this loss relying on the increased volume of sales or by marking up other products slightly.

Promotional Pricing:

There are consumers who are very price sensitive. This strategy by the nature of its design almost always attracts their patronage. Depending on the creativity of the Marketing Officer, this can be used to increase consumer loyalty.

Cheers

Answer:

ANSWER IN FOTO

Explanation:

The research and development (R&D) team of DataCom Corp., a software firm, holds a meeting to discuss potential ideas for new products. In the meeting, the moderator encourages everyone to share their ideas, no matter how trivial they may seem. He warns members against criticizing any idea and asks them to focus on offering plenty of ideas. In this scenario, the R&D team of DataCom is engaged in _____.

a. concept testing

b. idea screening

c. brainstorming

d. beta testing

Answers

Answer:

c) Brainstorming

Explanation:

The R&D team has invited potential ideas, encouraged by everyone, without criticism.

The company is engaged in Brainstorming. Brainstorming is a group creativity technique, where many ideas from various people are collected, & are pondered upon for arriving at a situation.

The main difference between a matrix-style organization model and a cross-functional team is: Question 6 options: the matrix model has a limit on the number of functional units who send an expert to join the team, whereas the cross-functional team does not. the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement. the matrix model shares leadership responsibilities within the group, whereas the cross-functional team does not. the matrix model is a more permanent arrangement, whereas the cross-functional team is a temporary arrangement.

Answers

Answer:

the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement.

Explanation:

The matrix model is a temporary setting where participants report back to their functional unit upon completion of the project. The cross-functional team is a more stable system where the same team works on multiple projects.so correct option is the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement.

The Graves Corporation was incorporated in 2018 and incurred a net op-erating loss of $35,000. The company’s operating income in 2019 was $47,000. Because of a downturn in the local economy, the company suffers a net operating loss of $21,000 in 2020. What is the treatment of the 2020 loss? How would your answer change if Graves were an S corporation?

Answers

Answer:

The 2018 loss was carried forward and decreased the corporation's tax liability during 2019. The 2020 loss should also be carried forward to offset any future gains and reduce future tax liabilities. A company can carry forward a loss indefinitely, since it is allowed to deduct a maximum of 80% of a future year's net income.

If this was an S corporation, it would be pass through entity that is not taxed directly, instead, the owners are taxed. Therefore, this $21,000 loss will be distributed proportionally among all the stockholders, and they must deduct their taxes independently.

Here's the revenue and expenses for the month. Calculate whether Mia had a profit or loss.
MAY ACCOUNTS
CHECKING
$860.00
REVENUE
FIXED EXPENSES
VARIABLE EXPENSES
CARD PURCHASE
$300
SAVINGS
$1,006.68
DOG FOOD
CAT FOOD
PET TREATS
PET SUPPLIES
$3,650
$2,850
$1,650
$1,800
RENT
$2,000
SALARIES
$2,000
UTILITIES
$1,000
PRODUCT STOCK $4,000
TOTAL
$9,950
TOTAL
$9,000
TOTAL
$300
ENTER MIA'S TOTAL PROFIT/LOSS FOR THE MONTH IN THE BOX BELOW, THEN CLICK SUBMIT.
$
SUMIT

Answers

Answer:

Loss

Explanation:

Because she started with 860.00 then ended with 300

Answer:

350

Explanation:

I guessed

How do supply and demand help determine the price of a product?
A. By pressuring sellers to lower prices on products to the point that
most buyers can afford to buy them
B. By ensuring that products with a high level of demand will not
suffer from the substitution effect
C. By forcing buyers to accept higher prices so that sellers keep a
large supply of most products
D. By creating a balance between buyers who want low prices and
sellers who want high prices

Answers

Answer:

D. By creating a balance between buyers who want low prices and

Explanation:

Supply and demand help in determining the price of a product by creating a balance between buyers who want low prices and sellers who want high prices.

What is demand?

Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame. Demand is based on preferences and tastes, which can be explained in terms of the price, advantages, profit, and other factors.

According to the law of demand, if a product's price increases while other parameters remain the same, the quantity required of the product decreases. In other words, if the price of the good rises, the total amount of demand falls. The reason for this is that if customers' opportunity costs rise, they may choose to buy something else instead or decide not to buy it at all. Really intriguing ideas are the law of demand and its exceptions.

What is supply?

The quantity of goods or services a provider is willing and able to offer to the market for a given price is referred to as supply in the study of economics. Stock availability and the factors influencing the supply have an impact on the willingness and capacity to make products available to the market. A change in prices also affects the equilibrium of the market. More supplies will be available as prices rise, but the converse will occur as prices fall.

The supplier's response to shifting market pricing is explained by the law of supply. In the simplest terms, suppliers typically maximize profits by raising the number of products delivered when there is a change in the price of a specific good or service.

The market's variables must all remain consistent. Instead, when prices decline, they have a tendency to shift supply to the opposing side until equilibrium is reached.

To learn more about demand and supply, click here

https://brainly.com/question/8650679

#SPJ2

Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,600. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,550, outstanding checks of $2,100, a NSF check of $800, bank service charges of $35 and the EFT from a customer in payment of the customer's account of $1,600. What was the cash balance on the Egrane's books (before the adjustments for items on the bank reconciliation)? Multiple Choice $18,050 $17,285 $19,150 $20,415

Answers

Answer:

Option B $17,285 is correct the answer.

Explanation:

Computation Table                      

Particular                         Amount

Ending balance        $18,600

Add: Deposit in transit $1,550

Less: Outstanding  $2,100

Add: NSF check         $800

Add: Bank  charges $35

Less: EFT                 $1,600

Cash balance          $17285

If the price of a bottle of orange juice is​ $1.50, then consumer surplus is an amount equal to the area A. under the demand curve and above the​ $1.50 price for each individual who buys and consumes orange juice. B. above the demand curve for each individual who buys and consumes orange juice. C. under the demand curve for each individual who buys and consumes orange juice. D. under the demand curve and above the​ $0.75 price for each individual who buys and consumes orange juice.

Answers

Answer:

A. under the demand curve and above the​ $1.50 price for each individual who buys and consumes orange juice.

Explanation:

Consumer surplus represents the difference between what consumers are willing to pay for a good and the actual sales price of the good. In this case, all the area below the demand curve and above the sales price is considered consumer surplus.

who is the author of "A love story and the three purple hearts?'

Answers

Iris Zenia Solorio? It was pretty recent
Iris Zenia Solorio is the author

Infinity times Infinity

Answers

Answer:

I think its just infinity

Answer:

Infinity

Explanation:

Which statement best describes the economic relationship between
businesses and resource markets?
A. Businesses provide resource markets with human capital.
B. Resource markets provide the materials businesses need.
C. Resource markets sell the products businesses create.
O D. Businesses produce goods for resource markets to sell.

Answers

Answer:

B. Resource markets provide the materials businesses need.

Explanation:

A resource market is where businesses buy materials they require for the production of other goods. They are markets for inputs of production. Resource market contrast finished goods markets where customers buy consumer goods and services.

Resource markets are where businesses obtain the factor of production. Land, labor, and capital are purchased from the resource markets.

What line will you type an email address on if you want a person's email to remain
private ?

A) Subject
B) осс
C) Blind Carbon Copy
D) Signature

Answers

Answer:

for a persons email to remain private the line you will use is Blind Carbon Copy (BCC)

c.... blind carbon copy

Which of these career clusters sound most interesting to you? Check all that apply.


Finance

Government and Public Administration

Health Science

Hospitality and Tourism

Human Services

Information Technology

Answers

Answer:

buddy thats ur opinion

Explanation:

same as up

The most interesting career clusters are given below.

FinanceGovernment and Public AdministrationHealth Science

What is a Career Cluster?

A career cluster is group of careers that proportion commonplace functions. If you like one job in a cluster, you can like others in that cluster as nicely.

What are the top career clusters?

Agriculture, Food & Natural Resources.Architecture & Construction.Arts, Audio/Video Technology & Communications.Business, Management & Administration.Education & Training.Finance.Government & Public Administration.Health Science.

Learn more about career clusters here https://brainly.com/question/24613213

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When researching a career goal, it is probably most important to ask what ____
you will need for this career.
O A. shoes
O B. cell
O c. briefcase
O D. education

Answers

Answer: Education

It’s the best choice out of all of these.

When reconciling or balancing your checking account, which of the following correctly describes the math?

A) add withdrawals and fees, subtract deposits
B) add deposits, subtract withdrawals and fees

Answers

Answer:

B) add deposits, subtract withdrawals and fees

Explanation:

A checking account is a deposit and saving account held in a financial institution, mostly a bank. The user or owner of the checking account is allowed to deposit and withdraw money as frequently as they deem necessary without incurring access fees.

Money held in a checking account is accessible using different ways, including debit cards, ATMs, and over the counter. When reconciling a checking account, one needs to subtract the sum of "money out" from "money in. "

"Money in" comprises mostly of deposits.  "Money out" is the total of withdraws plus other bank charges levied to the account.

Purchased merchandise on account from moonlight co., list price $85,000, trade discount 25%, terms fob destination, 2/10, n/30. 4 sold merchandise for cash, $37,680. the cost of the goods sold was $22,600. 5 purchased merchandise on account from papoose creek co., $47,500, terms fob shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice. 6 returned $13,500 ($18,000 list price less trade discount of 25%) of merchandise purchased on november 3 from moonlight co. 8 sold merchandise on account to quinn co., $15,600 with terms n/15. the cost of the goods sold was $9,400.

Answers

Hi, your question is incomplete however,  i have searched for the full question and it reads as follows :

The following were selected from among the transactions completed by Babcock Company during November of the current year:

Nov. 3 Purchased merchandise on account from Moonlight Co., list price $85,000, trade discount 25%, terms FOB destination, 2/10, n/30.

4 Sold merchandise for cash, $37,680. The cost of the merchandise sold was $22,600.

5 Purchased merchandise on account from Papoose Creek Co., $47,500, terms FOB shipping point, 2/10, n/30, with prepaid freight of $810 added to the invoice.

6 Returned $13,500 ($18,000 list price less trade discount of 25%) of merchandise purchased on November 3 from Moonlight Co.

8 Sold merchandise on account to Quinn Co., $15,600 with terms n/15. The cost of the merchandise sold was $9,400.

13 Paid Moonlight Co. on account for purchase of November 3, less return of November 6.

14 Sold merchandise on VISA, $236,000. The cost of the merchandise sold was $140,000.

15 Paid Papoose Creek Co. on account for purchase of November 5.

23 Received cash on account from sale of November 8 to Quinn Co..

24 Sold merchandise on account to Rabel Co. 6,900, terms 1/10, n/30. The cost of the merchandise sold was $34,000.

28 Paid VISA service fee of $3,540.

30 Paid Quinn Co. a cash refund of $6,000 for returned merchandise from sale of November 8. The cost of the returned merchandise was $3,300.

Journalize the entries to record the transactions of Babcock Company for November using the periodic inventory system.

Answer:

Nov 3

Merchandise $21,250 (debit)

Trade Payable : Moonlight Co. $21,250 (credit)

Nov 4

Cash $37,680 (debit)

Cost of Goods Sold $22,600 (debit)

Sales Revenue $37,680 (credit)

Merchandise $22,600 (credit)

Nov 5

Merchandise $47,500 (debit)

Trade Payable : Papoose Creek Co $47,500 (credit)

Nov 6

Trade Payable : Moonlight Co. $13,500 (debit)

Merchandise $13,500 (credit)

Nov 8

Accounts Receivable : Quinn Co. $15,600 (debit)

Cost of Goods Sold $9,400 (debit)

Sales Revenue $15,600 (credit)

Merchandise $9,400 (credit)

Nov 13

Trade Payable : Moonlight Co. $7,750 (debit)

Discount allowed $155 (credit)

Cash $7,620 (credit)

Nov 14

Cash $236,000 (debit)

Cost of Goods Sold $140,000 (debit)

Sales Revenue $236,000 (credit)

Merchandise $140,000 (credit)

Nov 15

Trade Payable : Papoose Creek Co $47,500 (debit

Discount Allowed $950 (credit)

Cash $46,550 (credit)

Nov 23

Cash $15,600 (debit)

Accounts Receivable : Quinn Co. $15,600 (credit)

Nov 24

Accounts Receivable : Rabel Co.. $56,900 (debit)

Cost of Goods Sold $34,000 (debit)

Sales Revenue $56,900 (credit)

Merchandise $34,000 (credit)

Nov 28

Visa Service Fee $3,540 (debit)

Cash $3,540 (credit)

Nov 3

Sales Revenue $6,000 (debit)

Merchandise  $3,300 (debit)

Accounts Receivable : Quinn Co.  $3,300 (credit)

Cost of Goods Sold $9,400 (credit)

Explanation:

Please Be very careful :

-to exclude trade discount

-to to use perpetual inventory method

- to check if payment falls within the cash discount period

- include freight charges in invoice amount for FOB purchases

See the journal prepared above.

If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a bond. Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity? Deferred call provision Call provision Put provision Convertible provision Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue? Sinking fund provision Declining call provision Deferred call provision

Answers

Answer:

If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a FLOATING RATE bond.

Which feature of a bond contract allows the issuer to redeem a bond issue immediately in its entirety at an amount greater than par value prior to maturity?

CALL PROVISION

When issuers call a bond, it means that they redeem an outstanding bond before its maturity date. E.g. a bond matures in 10 years, but the issuer decides to redeem them (buy they back) in 2 years

Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?

DEFERRED CALL PROVISION

Something that is deferred is something that has been postponed. So a deferred call provision is a call provision that is postponed for a certain amount of time. I.e. if the issuer wants and is able to call the bond, they must wait until a certain amount of years pass.

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