A homeowner has a mortgage payment of $997.60, an annual property tax bill of $596, and an annual fire insurance premium of $300. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.)
Answers
The total monthly payment for the mortgage, property tax, and fire insurance is $1072.27, obtained by adding the monthly amounts for each expense.
To find the total monthly payment for the mortgage, property tax, and fire insurance, we need to add up the monthly amounts for each expense.
The mortgage payment of $997.60 is already in monthly terms, so we can include it as is.
For the annual property tax bill of $596, we need to convert it to a monthly amount by dividing it by 12:
Monthly property tax = $596 / 12 = $49.67
Similarly, for the annual fire insurance premium of $300, we divide it by 12 to get the monthly amount:
Monthly fire insurance = $300 / 12 = $25
Now, we can calculate the total monthly payment by adding up the mortgage payment, property tax, and fire insurance:
Total monthly payment = Mortgage payment + Monthly property tax + Monthly fire insurance
= $997.60 + $49.67 + $25
= $1072.27
Therefore, the total monthly payment for the mortgage, property tax, and fire insurance is $1072.27.
For more question on payment visit:
https://brainly.com/question/15409535
#SPJ8
Related Questions
a restrictive monetary policy is designed to shift the
Answers
Answer:
demand curve to the left
Explanation:
what brought an increase in income and growth in the gnpgnp for the united states during the twenties?
Answers
Industrialization and technology brought an increase in income and growth in the GNP for the united states during the twenties.
What is GNP with example?The production of physical items like cars, farm equipment, and machinery, as well as the delivery of services like healthcare, business consulting, and education, are all included in the gross national product. Depreciation and taxes are also included in GNP.The value of the final domestic products and services generated inside a country's boundaries is known as the gross domestic product (GDP). The value of all completed products and services held by a nation's residents, regardless of whether those things were made in that nation, is what is known as its gross national product (GNP).Gross national product, often known as GNP, is the total worth of products and services generated by citizens of a nation over the course of a fiscal year.Learn more about gross national product refer to :
https://brainly.com/question/4378857
#SPJ4
consumers receive more consumers' surplus when tariffs exist than when they do not exist. group of answer choices false true
Answers
False ( A tariff is tax imported items. This increases the price consumers have to pay for the product and reduces consumer surplus.)
What is the consumer surplus?
Consumer surplus occurs when the consumers pay less for the goods and services than they are willing to pay. This is a measure of the extra profit a consumer can get by paying less than they were willing to pay.
What is the consumer surplus formula?
The simplest formula to calculate consumer surplus is:
Consumer surplus = maximum price - market price. From there, an extended variation of the formula would be:
Consumer Surplus = (1/2) × Equilibrium Quantity × (Maximum Price – Equilibrium Price)
Is the high consumer surplus good?
When markets are uncompetitive, consumer surplus decreases and inequality increases. A decrease in consumer surplus leads to an increase in producer surplus and widening inequality. Consumer surplus allows consumers to purchase a wider variety of goods.
To know more about consumer surplus visit here:
https://brainly.com/question/29025001
#SPJ4
The first hotel to be franchised in the united states occurred in 1907 when this company franchised the _______________ hotel.
Answers
The first hotel to be franchised in the united states occurred in 1907 when this company franchised the Ritz-Carlton hotel.
What are the advantages of buying a franchise?
Benefits of purchasing a franchise
Franchises provide the freedom of small business ownership while also providing the advantages of a large business network.To operate a franchise, you don't always require business experience. Typically, franchisors give you the training you need to run their business model.Franchises succeed more frequently than new firms.It might be simpler for you to get financing for a franchise. Purchasing a franchise could be less expensive than starting a similar sort of business from scratch.Franchises frequently have a well-established brand, management techniques that have been proved effective, access to national advertising, and ongoing assistance.To learn more about Franchises from given link
https://brainly.com/question/3687222
#SPJ4
Look at the picture and the passage. How does the picture demonstrate air pressure?
The more air that is in the balloon, the faster the air particles move, causing the balloon to expand.
As more air is blown into the balloon, the pressure increases, forcing the sides of the balloon to expand.
Air particles blown into the balloon are moving faster than the air outside of the balloon, causing it to expand.
Compressed air from the lungs is blown into the balloon. Because this air is heavy, the balloon expands.
Answers
The more air that is in the balloon, the faster the air particles move, causing the balloon to expand as the the picture demonstrate air pressure. Thus, option (a) is correct.
What is picture?A drawing, photograph, painting, or other image of a person, object, or situation is referred to as a “picture.” The picture was the help to the learning process. The picture was the visual representation of the communication. The picture was the more attract to the children. The picture is the sign, symbol and the included the drawing.
According to the picture was the dependent on the demonstration air density are a human are the wind on the balloon to the fast the air particles move are the producing to the balloons are the greater. It was the principal demonstrate air pressure.
As a result, the air pressure was the demonstrate are the aforementioned.
Learn more about on picture, here:
https://brainly.com/question/13100336
#SPJ1
How do I verify my LPC in Texas?
Answers
Visit the website at www.bhec.texas.gov/verify-a-license/index.html.
To search by license number, click the link.
To check the status of my license, which is in good standing and active status, enter my license number (36337) and click Search.
How can I find out whether my Texas LPC has been approved?You can check the status of any applications you've begun or finished in the past. By selecting the "Select" button from the Main Menu next to "Check Status of Your Applications. You can check your applications' status, the type of license they were submitted for, when they were submitted, and more here.
How frequently must you renew your Texas LPC license?A license holder must renew their license(s) every two years. Licensees are sent a postcard reminder at least 30 days before their renewal date to inform them that they need to renew their license.
To Know more about license number
https://brainly.com/question/29278468
#SPJ4
You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 10 comma 300 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % (with semiannual compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Answers
Answer:
You must deposit "$74,806.25" today.
Explanation:
The given values are:
Periodic payment,
P = $10,300
Rate of interest,
r = \(\frac{4.4 \ percent}{2}\)
= \(2.2 \ percent\)
Number of periods,
n = \(4\times 2\)
= \(8\)
Now,
The PV of annuity will be:
= \(\frac{P\times [1 - (1 + r)^{-n}]}{r}\)
On substituting the given values, we get
= \(\frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}\)
= \(\frac{1,645.73}{2.2 \ percent}\)
= \(74,806.25\) ($)
george anders has just been offered a job at $65,000 per year, with the first payment made one year from today. he anticipates his salary will grow by 3.5% per year until his retirement in 25 years. given an interest rate of 8%, calculate the present value of his lifetime salary. (enter a positive value and round to 2 decimals)
Answers
The present value of George's lifetime salary is $1,121,802.56. To calculate the present value of George's lifetime salary, we need to discount each year's salary to its present value using the given interest rate of 8%.
First, we can calculate George's salary in 25 years using the given annual growth rate of 3.5%:
Salary in 25 years = $65,000 x (1 + 3.5%)^25 = $143,249.44
Next, we can use the formula for the present value of an annuity to calculate the present value of George's lifetime salary:
PV = (salary / discount rate) x [1 - (1 + discount rate)^(-n)]
where PV is the present value, salary is the annual salary, the discount rate is the interest rate, and n is the number of years of the annuity.
Plugging in the values, we get:
PV = ($65,000 / 0.08) x [1 - (1 + 0.08)^(-25)] = $1,121,802.56
Therefore, the present value of George's lifetime salary is $1,121,802.56.
Learn new methods to calculate present value - https://brainly.com/question/15730830
#SPJ4
Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answers
Answer:
It is the 529 plan to save money for college.
Explanation:
Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answers
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
The aggregate – model is essentially another way of viewing a country’s aggregate – . In this model, the economy is viewed from a – economist’s perspective, and it assumes that in the – , prices are – .
short run
sticky
demand
money
supply
long run
expenditures
flexible
classical
Keynesian
Answers
The aggregate demand-aggregate supply (AD-AS) model views the economy from a Keynesian perspective with sticky prices in the short run and flexible prices in the long run.
The aggregate demand-aggregate supply (AD-AS) model is essentially another way of viewing a country's aggregate economy. In this model, the economy is viewed from a Keynesian economist's perspective, and it assumes that in the short run, prices are sticky. In the long run, prices are assumed to be flexible.
The AD-AS model analyzes the relationship between aggregate demand, which represents total spending in the economy, and aggregate supply, which represents the total production of goods and services. It helps economists understand the factors that influence economic output, inflation, and employment levels.
To know more about aggregate demand-aggregate supply:
https://brainly.com/question/29349235
#SPJ4
Why do many people consider the gatekeeping function of journalism substantially weaker than it used to be?.
Answers
Gatekeeping is weaker because information are now disseminated by many sources.
What is Gatekeeping?Gatekeeping is the process in which information are filtered usually for dissemination. Information could be for publication, broadcasting either on internet.
Gate keeping function is weaker because
there are many information and the same stories by many people this makes it less selective. very few original stories.Therefore, Gate keeping function is weaker because there are many information and the same stories by many people this makes it less selective.
Learn more on gate keeping here,
https://brainly.com/question/25165454
Learn More on gate keeping here,
in washburn’s factor, what is the break-even point for the new line of guitars if the retails price is (a) $349, (b) $389, and (c) $309? also, (d) if washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be? 13-34
Answers
If Washburn achieves the sales target of 2,000 units at the $349 retail price, we still need information about the fixed costs and variable costs per unit to calculate the profit.
Washburn's factor refers to a calculation used to determine the break-even point for a new line of guitars. The formula is as follows: Break-even point = Fixed costs / (Selling price per unit - Variable costs per unit).
To find the break-even point for the new line of guitars with different retail prices, we need to know the fixed costs and variable costs per unit. Without that information, it is not possible to provide an accurate calculation of the break-even point for each retail price of $349, $389, and $309.
Regarding part (d) of the question, if Washburn achieves the sales target of 2,000 units at the $349 retail price, we still need information about the fixed costs and variable costs per unit to calculate the profit. The profit can be calculated using the formula: Profit = (Selling price per unit - Variable costs per unit) * Number of units sold - Fixed costs.
Without the necessary information on fixed costs and variable costs per unit, it is not possible to provide an accurate calculation of the profit Washburn would achieve.
Learn more about sales
https://brainly.com/question/25743891
#SPJ11
Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answers
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
Learn more about Renting here:
https://brainly.com/question/15057676
#SPJ2
a ___ organization is one that provides a service or good for the benefit of mankind
Answers
Answer:
public
Explanation:
as they do not aim to make profit compared to public sector. They aim to increase the social welfare of the country.
if the senate wants to expel a member, how many senators have to agree?
Answers
Answer:
25
Explanation:
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answers
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
plz help
Read the following scenario:
An up-and-coming rock band is interested in producing their first album. The band has researched the process of creating a digital album and invested in some recording equipment. However, they still need to cover some production and distribution costs. Which of the following would best help this band meet their production and distribution goals?
holding a benefit concert to raise funds for production
applying for a small-business loan from a bank
creating a crowdfunding site on the internet
selling pre-orders of their album to fans
Answers
Answer:
creating a crowdfunding site on the internet
Explanation:
took test
Answer:
C: creating a crowdfunding site on the internet
Explanation:
edg2021
(100 on unit test)
What are TWO types of errors which would not be disclosed by a trial balance?
Answers
Answer:
Let me explain
Explanation:
A trial balance is a statement that lists all the accounts in the general ledger along with their debit or credit balances. It is used to ensure that the total debits equal the total credits and to detect any errors in the accounting records. However, there are certain types of errors that may not be disclosed by a trial balance. Two examples of such errors are:
1. Error of Omission: This type of error occurs when a transaction is completely left out of the accounting records. For example, if a payment is made to a supplier but is not recorded in the accounts payable ledger, the trial balance will still balance because the payment is recorded in the cash account. However, the accounts payable balance will be understated, and the financial statements will be incorrect.
2. Error of Commission: This type of error occurs when a transaction is recorded incorrectly. For example, if a payment of $1,000 is recorded as $100 in the accounts payable ledger, the trial balance will not balance because the total debits will not equal the total credits. However, the error will not be immediately obvious, and it may be difficult to locate and correct.
In summary, a trial balance may not detect errors of omission, where transactions are completely left out of the accounting records, and errors of commission, where transactions are recorded incorrectly.
does investing make you money
Answers
Answer:
YES IT DOES (My Mom's studying business)
Explanation:
Which of the following is a challenge for a business that wants to begin exporting?
A) increasing company profits.
B) identifying a target market.
C) improper use of a trademark
D) Generate tax dollars for another country.
Answers
need help on econ please and thank you
Answers
Answer:
1. Bonds
2. Property
3. Mutual Funds
4. Starting a business
Explanation:
1. Why is career education so important for teens?
Answers
Which of the following is not included in the prefatory parts of a formal report?
A) Cover
B) Letter of authorization
C) Introduction
D) Table of contents
E) Title page
Answers
The correct option is B)Letter of authorization .The letter of authorization is not typically included in the prefatory parts of a formal report.
The prefatory parts of a formal report are the sections that appear before the main body of the report and provide important introductory information. These sections help readers navigate the report and understand its purpose and structure. The common prefatory parts of a formal report include the cover, introduction, table of contents, and title page.
The letter of authorization, on the other hand, is not a standard component of the prefatory parts. It is a separate document that grants permission or authority to conduct the research or investigation included in the report. While it may be associated with the report, it is generally treated as a separate correspondence and not included in the prefatory sections.
Know more about letter of authorization here:
https://brainly.com/question/28393880
#SPJ11
Which TCF checking account fee is the most expensive?
Answers
Answer:
Explanation: it’s o stop payment fee
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
Become familiar with
Insurance
Visit
https://brainly.com/question/989103
Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answers
Answer:
It might be D- whic
A company purchased a 3-acre tract of land for a building site for $370,000. The company demolished the old building at a cost of $14,000, but was able to sell scrap from the building for $1,700. The cost of title transfer was $1,000 and attorney fees for reviewing the contract was $540. Property taxes paid were $4,000, of which $350 covered the period after the purchase date. The capitalized cost of the land is: Multiple Choice a. $387,490. b. $253,990. c. $389,240. d. $388,990.
Answers
The capitalized cost of the land is $389,240. So, the correct option is (c). $389,240.
Given data are: Cost of a 3-acre tract of land for a building site = $370,000
Cost of demolition of the old building = $14,000
Value of scrap sold from the old building = $1,700
Cost of title transfer = $1,000
Attorney fees for reviewing the contract = $540
Property taxes paid were = $4,000
Out of which $350 covered the period after the purchase date.
Capitalized cost of the land is calculated as:
Cost of land + all additional costs - revenue from scrap- taxes= Capitalized cost of the land.
Cost of land = $370,000
Cost of demolition of the old building = $14,000
Revenue from scrap = $1,700
Cost of title transfer = $1,000
Attorney fees for reviewing the contract = $540
Property taxes paid were = $4,000- $350
Additional costs = $14,000 + $1,000 + $540 = $15,540
Capitalized cost of the land = $370,000 + $15,540 - $1,700 - $4,000= $389,240
Therefore, the capitalized cost of the land is $389,240. So, the correct option is (c). $389,240.
Learn more about capitalized cost visit:
brainly.com/question/29489546
#SPJ11
don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Answers
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
https://brainly.com/question/28390284
#SPJ4
in a manufacturing arrangement, a franchisor transmits to a franchisee the essential ingredients or formula to make a particular product. true false
Answers
The given statement "in a manufacturing arrangement, a franchisor does indeed transmit to a franchisee the essential ingredients or formula to make a particular product" is true, because it allows the franchisee to manufacture and distribute the product under the franchisor's brand
In this type of arrangement, the franchisor grants the franchisee the rights to produce and distribute their product using the specific formula, ingredients, and production methods that have been established by the franchisor.
The franchisee is typically responsible for the manufacturing and distribution process, while the franchisor provides the necessary know-how, expertise, and support to ensure the product meets the required quality standards.
This type of relationship can be advantageous for both parties, as the franchisor can expand their brand presence without having to manage the production facilities themselves, and the franchisee can benefit from the established reputation and customer base of the franchisor's product.
Additionally, the franchisee receives ongoing support and guidance from the franchisor, which can help to ensure the success of the business.
In summary, it is true that in a manufacturing arrangement, a franchisor provides the essential ingredients or formula to a franchisee for the production of a specific product. This allows the franchisee to manufacture and distribute the product under the franchisor's brand, benefiting both parties in the process.
To know more about franchisee, refer here:
https://brainly.com/question/19565082#
#SPJ11