You have just sold your house for $1,000,000 in cash. Your mortgage was originally a 30 -year mortgage with monthly payments and an initial balance of $750,000. The mortgage is currently exactly 181/2 years old, and you have just made a payment. If the interest rate on the mortgage is 5.25% (APR), how much cash will you have from the sale once you pay off the mortgage? (Note: Be careful not to round any intermediate steps less than six decimal places.) Cash that remains after payoff of mortgage is _____$ (Round to the nearest dollar.)
Answers
The cash remaining after paying off the mortgage is $762,431. So, the correct answer is $762,431.
To calculate the remaining cash after paying off the mortgage, we need to determine the outstanding balance on the mortgage at the time of sale.
The mortgage was originally a 30-year mortgage, so the total number of months is 30 years * 12 months/year = 360 months.
Since the mortgage is currently 18.5 years old, the number of months paid is 18.5 years * 12 months/year = 222 months.
To find the remaining balance, we can use the formula for the remaining balance on a mortgage:
Remaining Balance = Principal * (1 + Monthly Interest Rate)^Number of Payments - Total Payments Made
The monthly interest rate is the annual percentage rate (APR) divided by 12 months and converted to a decimal: 5.25% / 12 = 0.004375.
Using the provided information, we can calculate the remaining balance:
Remaining Balance = $750,000 * (1 + 0.004375)^222 - Total Payments Made
To find the total payments made, we need to calculate the monthly payment on the mortgage:
Monthly Payment = Loan Amount * Monthly Interest Rate / (1 - (1 + Monthly Interest Rate)^(-Number of Payments))
Total Payments Made = Monthly Payment * Number of Payments Made
After calculating the remaining balance, we can subtract it from the sale price of $1,000,000 to determine the cash remaining:
Cash Remaining = Sale Price - Remaining Balance
By performing these calculations, you can determine the specific amount of cash that remains after paying off the mortgage.
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Related Questions
chile's agricultural economy primarily consists of
Answers
Chile's agricultural economy mainly consists of wine production, animal husbandry, fishing and aquaculture.
Although not as well known as the above sectors, Chile also grows crops and cereals such as wheat, corn, oats and barley. These crops are mainly grown for domestic consumption and livestock feed production. This sector includes wood, pulp and paper production. With extensive pine and eucalyptus plantations, Chile is one of South America's largest exporters of wood products.
Chile's agricultural economy benefits from favorable natural conditions such as diverse climates, fertile soils and access to irrigation water. The country positions itself as a major exporter of agricultural products, contributing to overall economic growth and international trade.
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The correct question is :
chile's agricultural economy primarily consists of _____ .
Techniques to increase productivity in the performance of discrete tasks, by requiring less human labor in each step of the production process, are widely utilized. Consultants on productivity enhancement point out, however, that although these techniques achieve their specific goal, they are not without drawbacks. They often instill enough resentment in the workforce eventually to lead to a slowdown in the production process as a whole.
Which of the following can be reasonably inferred from the statements above?
A. Productivity enhancement techniques do not attain their intended purpose and should not be employed in the workplace.
B. The fact that productivity enhancement techniques are so widely employed has led to a decline in the ability of American businesses to compete abroad.
C. If productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result.
D. Ironically, an increase in the productivity of discrete tasks may result in a decrease in the productivity of the whole production process.
E. Production managers are dissatisfied with the efforts that productivity enhancement consultants have made to increase productivity.
Answers
The reasonably inferred from the statement can be if productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result. Thus, the correct option is (C).
Productivity tactics are ways that assist you get into productive flow states, allowing you to cut to quality with minimal effort. Most productivity tactics are based on behavioral science and are designed to take advantage of how your brain operates.
Capital productivity, material productivity, labor productivity, and total factor productivity are the four main forms of productivity measurements.
Productivity in the service industry may be measured by the number of jobs completed or clients serviced in a particular time period.
Other indicators include whether the service provided matched corporate or customer requirements and whether performance deadlines were fulfilled.
Therefore, the correct option is "C".
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Which of these describes information that can appear in a consumer’s credit report?
A. The name of a company that gave the consumer a car loan two years ago
B. The amount of money that the consumer loaned to a family member
C. The amount of money the consumer will need to borrow in the next five years
D. The name of a store where the consumer pays cash for all purchases
Answers
Answer:
A. The name of a company that gave the consumer a car loan two years ago
Explanation:
A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you
So according to the given situation, the option A is correct
In the past six months, which company (name of company) has been in the news because they are known for its logistics system? What is the summary of the company and describe how the company logistics management systems have given them a competitive advantage? Provide the website information obtained.
Answers
The company has been in the news because they are known for its logistics system is Amazon. Amazon's sophisticated supply chain and fulfillment network enable them to deliver products quickly and efficiently to customers worldwide.By investing heavily in logistics and continually improving their systems, Amazon has been able to gain a competitive edge in the e-commerce industry.
One company that has been recognized for its logistics management systems and competitive advantage is Amazon. Amazon's logistics system is a critical component of its overall business strategy. Their sophisticated supply chain and fulfillment network enable them to deliver products quickly and efficiently to customers worldwide.Amazon's logistics management systems, such as their extensive warehousing infrastructure, advanced inventory management techniques, and innovative delivery methods like Amazon Prime and Amazon Lockers, have played a crucial role in their success. These systems enable Amazon offer fast shipping, reliable order fulfillment, and a seamless customer experience.
By investing heavily in logistics and continually improving their systems, Amazon has been able to gain a competitive edge in the e-commerce industry. Their ability to deliver products quickly and efficiently has contributed to high customer satisfaction, increased customer loyalty, and a significant market share.
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A manager is using the organization’s erp software to generate a report that links its human resources data to its overall financial performance. What is one type of hr data that the erp accounting module could factor into this report?.
Answers
The one type of hr data that the ERP accounting module could factor into this report is The employee's payroll and benefits.
What is an report?A Report refers as a document or statement that highlights the key issues or events of any organization and helps them to know the internal and external factors causing an effect on them.
It can be used by internal and external stakeholders to assess employee productivity, health, diversity, and inclusiveness. It also helps to get more information on workforce planning.
It helps to make better-informed decisions regarding boosting employee health and corporate performance is made possible.
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perceptions of neglect
Answers
Perceptions of neglect refer to how individuals or groups view a situation or action as neglectful or neglecting.
What is neglect ?Neglect can result in the inadequate care or attention to vulnerable individuals. Cultural norms, personal experiences, and societal expectations are factors that influence perceptions of neglect considering specific situations.
Those who have suffered from neglect previously may be more sensitive to similar events they believe as such, while individuals without any prior experience would have a contrasting perspective towards it.
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When something is grown and harvested in the same country it is distributed in, it can be considered what?
capital
international
duties
domestic
Answers
Answer:
domestic
Explanation:
In business, domestic refers to the home country of the producer or consumer. The domestic market is the market within the borders of the seller's country. Domestic contrasts with international, which refers to beyond the borders of a country.
Products that are produced and distributed within the country are domestic products. They are often referred to as local products. Domestic goods become exports if sold outside the borders of their country of origin.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answers
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
If tanya purchased a $1,700 set of golf clubs on a nine-month layaway plan and had to pay a monthly payment of $201, what was the fee charged for the layaway plan?.
Answers
$109 was the fee charged for the layaway plan.
We have given in the question,
She purchased a $1,700 set of golf clubs on a nine-month layaway plan.She had to pay a monthly payment of $201.Now, we have to find the fee charged for the layaway plan.
For each of the 9 months, Tanya had to pay $201. Thus, in total, the amount she paid in dollars is:
T= 9($201) = 1809
The sum of her monthly payments is $1,809.
The original price of $1,700, paid $1,809, thus, the fee charged for the leeway plan, in dollars, was:
1809 - 1700 = 109
The fee charged for the layaway plan was $109.
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Fancy Nails has an estimated cost for supplies of $0.75 per manicure. June's budget was based on 2,400 manicures and a total cost for supplies of $1,800. June's actual activity was 2,500 manicures. The actual cost of supplies in June was $2,000. Calculate the spending variance for June.
Answers
Assuming the actual cost of supplies in June was $2,000, the spending variance for June is $125 U.
Spending varianceUsing this formula
Spending variance=Flexible budget-Actual activity
Let plug in the formula
Spending variance=($0.75 x 2,500 manicures)- $2,000
Spending variance=$1,875 - $2,000
Spending variance = $125 U
Inconclusion the spending variance for June is $125 U.
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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answers
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 650 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,320 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $12 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 104 customers while Sam's are from 71 customers, meaning that Sam's customers have more stalls on a per capita basis. What is the market penetration rate based on potential customers
Answers
Answer:
the market penetration rate based on potential customers is 11.66%
Explanation:
The computation of the market penetration rate based on potential customers is shown below
= Alison + sam
= (104 customers ÷ 1500) + (71 customers ÷ 1500)
= 6.93 % + 4.73%
= 11.66%
hence, the market penetration rate based on potential customers is 11.66%
We simply added both the Alison and sam so that the market penetration rate could come
assets purchased as a group in a single transaction for a lump-sum price are allocated the purchase price based on their relative market values.
Answers
When assets are purchased as a group in a single transaction for a lump-sum price, the purchase price is typically allocated among the individual assets based on their relative market values. The statement is correct.
This allocation method is known as the "relative market value allocation." The relative market value allocation ensures that each asset is recorded on the company's books at a value that reflects its fair market worth at the time of acquisition. By assigning a portion of the purchase price to each asset based on its market value, the company aims to present an accurate representation of the assets' economic value.
This allocation process requires assessing the market values of the individual assets, which may involve obtaining appraisals, considering comparable sales, or utilizing other valuation techniques. It is crucial for financial reporting and accounting purposes to allocate the purchase price accurately to provide transparency and adhere to accounting principles.
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Ypotension in a child with blunt or penetrating trauma is particularly significant because?
Answers
Hypotension in a child with blunt or penetrating trauma is particularly significant because it can be an indicator of severe internal bleeding or cardiovascular compromise. Hypotension refers to low blood pressure, and in the context of trauma, it can be a sign of significant injury or shock.
In children, hypotension is especially concerning because they have less blood volume and are more susceptible to fluid loss. Additionally, their compensatory mechanisms may not be as effective as in adults, making it harder for their bodies to maintain adequate blood pressure.
Internal bleeding, which can occur as a result of trauma, can lead to hypotension. It is crucial to identify and address the source of bleeding promptly to prevent further complications and potentially life-threatening situations. Immediate medical intervention, including resuscitation and surgical intervention if necessary, is often required to stabilize the child's condition.
Prompt recognition of hypotension in a child with blunt or penetrating trauma is vital for initiating appropriate medical interventions and ensuring the best possible outcome. It highlights the need for a comprehensive assessment and immediate medical attention to address the underlying causes and stabilize the child's condition.
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When may an item attached to a structure be considered personal property rather than real property?
Answers
An item of personal property that has been converted to real property. Even though it is attached to a structure, an item may be considered personal property rather than real property if: A. the owner originally intended to remove it after a period of time.
Any movable thing or intangible object of value that is able to being owned through someone and now not identified as actual belongings. personal belongings may be characterized as either tangible or intangible. Examples of exact non-public assets consist of motors, furnishings, boats, and collectibles. stocks, bonds, and financial institution bills fall underneath intangible personal belongings.
Movable assets on land (large livestock, for example) become no longer automatically sold with the land, it become "non-public" to the owner and moved with the proprietor.
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________ refers to forming a pool of qualified applicants from which management can select new employees.
Answers
Answer:
___Recruiting____ refers to forming a pool of qualified applicants from which management can select new employees.
Length and and width of rectangular feild are 50m and 15 m repectively. Find cot of barberd wire around feild at rate of r 9 per meter
Answers
The dimension of rectangular field is 50 m x 15 m. If the cost per meter is 9 rupee, the cost of the wire around the field is 1,170 rupee.
The formula for the perimeter of a rectangle is given by:
P = 2 (l + w)
Where:
P = perimeter
l = length
w = width
Information available in the problem:
l = 50 meters
w = 15 meters
Hence, the perimeter is:
P = 2 ( 50 + 15)
P = 2 x 65 = 130 meters
The cost of the wire is r 9 per meter. Therefore, total cost for 130 meters is:
Cost = 9 x 130 = 1,170
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Which is a source of passive income? (1 point)
O working as a consultant
O owning luxury cars
teaching about personal finance
O owning dividend stocks
Answers
Answer:
owning dividend stock is answer
Why do we need to carefully plan the operations of the business?
Answers
Answer:
hi nhi pata bhai soery. long
in the maturity stage of the industry life cycle a. the product has reached full potential. b. profit margins are narrower. c. producers are forced to compete on price to a greater extent. d. a and b only. e. a, b, and c.
Answers
In the maturity stage of the industry life cycle the product has reached full potential, profit margins are narrower, and producers are.
At the maturity stage of an investment, the goal is to preserve capital and generate income. This can be accomplished through a variety of strategies, including investing in high-quality, dividend-paying stocks, bonds, and other profit-producing assets.
The key is to maintain a diversified portfolio that can weather market volatility and provide a steady stream of income. With a well-designed maturity stage investment plan, investors can enjoy a comfortable retirement while still achieving their financial goals.
Hence, the correct option is "E".
The question is incomplete, the complete question is:
In the maturity stage of the industry life cycle:
A. the product has reached full potential.
B. profit margins are narrower.
C. producers are forced to compete on price to a greater extent.
D. the product has reached full potential and profit margins are narrower.
E. the product has reached full potential, profit margins are narrower, and producers are
forced to compete on price to a greater extent.
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How is product placement different from a commercial?
business sucks!
Answers
Answer:
Product placements in music videos range from 3-5 minutes whereas product placement in movies can range in 12 minutes-1.5 hours or more in length. A commercial is specifically geared specifically toward interrupted television with a 5-30 sec ad placed in between TV shows.
Product Placement is when a trademark is seamlessly incorporated into the story and plot, of video production.
What is Product Placement?
The significant kinds of product placement are either visual, verbal, signage, or usefulness.
Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.
A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.
A commercial is especially geared toward interrupted television with a 5-30 sec ad established in between TV exhibitions.
The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.
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Physical counts of inventory: Multiple Choice Are not necessary under the perpetual system. Are necessary to adjust the Inventory account to the actual inventory available. Must be taken at least once a month. Requires the use of hand-held portable computers. Are not necessary under the cost-to benefit constraint.
Answers
Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.
This is because the perpetual system, which continuously tracks inventory levels, may not always accurately reflect the actual inventory on hand due to factors such as theft, damage, or errors in recording transactions. Therefore, periodic physical counts are necessary to reconcile the perpetual system with the actual inventory levels. While there is no specific requirement for how often physical counts must be taken, they are typically done at least once a year and often more frequently for high-value or fast-moving items. While hand-held portable computers can be used to aid in the counting process, they are not a requirement. Ultimately, the decision to conduct physical counts of inventory must be weighed against the cost-to-benefit constraint, which considers the potential benefits of improved accuracy and control against the costs of conducting the counts.
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pls respond soon!
Two stocks are offered to investors, one long-term, one short-term. Assuming each bond pays the same interest rate, which is the best option for a 30-year-old investor?
-Short-term with low returns
-Long-term with high returns in year one
-Long-term with low yearly returns
-Short-term with high returns in year one
Answers
The best bond option for a 30 - year old investor is Long-term with low yearly returns.
What type of bonds are best for young investors?The type of bond that would be best for a young investor would be one that has a long term horizon. This is because young investors have a long time ahead of them to make money from their jobs. They don't need the returns from the bonds just yet. They will however need those bond returns when they are older and so they should just pick a long - term bond.
When it comes to the returns they should go for, the bond should be one with low yearly returns. Again, they don't need the returns as much so they can take those with low yearly returns. These ones are less risky and so will be available for them when they grow old. A 30 - year - old investor should therefore take a long - term bond with low yearly returns.
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Answer:
C. Long-term with low but steady yearly returns
Explanation:
Which of the following are exempt from licensure, as long as they meet the exemption
requirements?
Public and non-public schools
Child care facilities
Membership organization programs
Summer day and 24-hour camps
Large family child care homes
Vacation Bible School programs
Hotels and resorts
Answers
Answer:
Child Care Facilities
Large Family Child Care Homes
Public and non-public schools
Summer day and 24-hour camps
Vacation Bible School Programs.
Explanation:
A facility that is exempted from licensing is the one that is not licenses, but is still to maintaining certain requirements held under respective authorities. They need to meet certain requirements in order to operate effectively.
There are several programs that are exempted from licensing. From the given list, they are:
Public and non-public schoolsChild Care FacilitiesSummer day and 24-hour campsLarge Family Child Care homesVacation Bible School Programs.These programs are exempted from having a license but are under the obligation to meet certain requirements to run efficiently.
how does a change in the price of a related commodity affect the supply of goods?
Answers
The law of supply and demand combines two key economic ideas to describe how changes in the price of a resource, item, or service affect its supply and demand. Demand declines when the price rises, but supply increases.
What are fundamental economic theories?The four main economic theories are Keynesian economics, supply-side economics, new classical economics, and monetarism.
Students in the DP economics course will acquire the knowledge, skills, values, and attitudes that will motivate them to act by concentrating on the six real-world issues through the nine key concepts scarcity, choice, efficiency, equity, economic well-being, sustainability, change, and intervention.
Thus, two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Demand declines when the price rises, but supply increases.
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Comentario sobre el Artículo 655 del Comercio en Guatemala
Answers
Answer:
what is ur question Imao
Explanation:
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
Answers
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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in what way can audit procedures be modified to address assessed fraud risks?
Answers
By modifying audit procedures, auditors can more effectively address assessed fraud risks and enhance the overall quality of their audit work.
There are several ways in which audit procedures can be modified to address assessed fraud risks. Here are a few examples:
1. Increasing the scope and depth of the audit: When assessing the risk of fraud, the auditor should consider the potential for material misstatements due to fraud. Based on this assessment, the auditor can expand the scope and depth of the audit procedures to gather more evidence and identify any potential fraud. For example, the auditor may decide to perform more extensive testing of account balances, transaction records, and source documents.
2. Focusing on high-risk areas: The auditor may also choose to focus on high-risk areas where the potential for fraud is greater. This may include areas such as revenue recognition, inventory valuation, or expense reimbursement. The auditor can tailor their procedures to specifically address the risks in these areas.
3. Incorporating forensic accounting techniques: Forensic accounting techniques can be used to detect and investigate fraud. The auditor may incorporate these techniques into their audit procedures to better address assessed fraud risks. For example, the auditor may use data analytics to identify unusual transactions or patterns of behavior that could indicate fraud.
4. Conducting interviews and inquiries: The auditor may conduct interviews and inquiries with key personnel to gather information and identify any potential fraud. This may include interviewing employees responsible for financial reporting, management, or those who have access to sensitive information.
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Which statement best summarizes the law of demand ?
A. Sellers only supply goods that are in high demand from buyers.
B. Buyers are more likely to buy a products that is supplied in large quantities.
C. Sellers can easily substitute a product in high demand with another product.
S. Buyers are more interested in purchasing products as those products decline in price.
Thank you :)
Answers
Buyers are more likely to buy a product that is supplied in large quantities.
What is the law of demand?The law of demand states that the quantity purchased varies inversely with the price. In other phrases, the better the rate, the lower the quantity demanded.
What are the types of demand?Individual and Market DemandOrganization and Industry DemandAutonomous and Derived DemandDemand for Perishable and Durable GoodsShort-term and Long-term DemandLearn more about the law of demand here https://brainly.com/question/24019366
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