Teresa is considering purchasing a home for $220,000 by taking out a loan with an interest rate of 4.3% for 30 years. What would her monthly payment be?

Use the monthly payment formula to calculate the monthly payment for this loan:

M =
M = monthly payment

P = principal

r = interest rate

t = number of years



$896.25
$1,088.72
$1,868.70
$2,069.75

Answers

Answer 1

Answer:

$1,088.72

Explanation:

This is an annuities situation. The applicable formula is

M  = PV   ×      r        

                     1 − (1+r)−n

where p = $220,000

r = 4.3% interest rate per year,  Converted to monthly rate = 4.3/100 /12=0.00358

r = 30 year, which is 30 x 12 months= 360 months

M= $220,000  x 0.00358        

      1  - (1+0.00358 ) ^ - 360

M=$220,000 x   0.00358    

                            1- 0.2762

M = $220,000 x (0.00358 /0.7238)

M = $220,000 x 0.0049461

M = 1,088.12


Related Questions

please help now !!! will give brainlist

How do companies give people an incentive to spend money? give an example

Answers

hope this helps:
companies use incentives as a way to motivate the customers to spend more money for the benefits. examples of incentives would be discounts or free items (like a buy one get one deal)

As Jane was setting up her projector, she realized that the images on the screen appeared blurred. How would Jane sort out the issue by herself?
A.
check that the monitor is connected properly with the projector
B.
adjust the distance between the screen and the projector
C.
make changes in the system settings
D.
adjust the focus

Answers

D.

adjust the focus

make it not blury

Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.

C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.

Answers

Answer:

2, 3, 5

Explanation: your welcome, love.

Every Business, Management, and Administration work  employee  are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options

Who is Management and Administration  worker ?

An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.

Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.

Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.

Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.

Learn more about Management  Employee here

https://brainly.com/question/13993908

# SPJ 5

Mary is deciding whether to book the cheaper flight home from college after her final​ exams, but​ she's unsure when her last exam will be. She thinks there is only a ​%10 chance that the exam will be scheduled after the last day she can get a seat on the cheaper flight. If it is and she has to cancel the​ flight, she will lose ​$150. If she can take the cheaper​ flight, she will save ​$50. ​a) If she books the cheaper​ flight, what can she expect to​ gain, on​ average? ​b) What is the standard​ deviation?

Answers

Answer:

(a) Expected gain = 30

(b) Standard deviation = 66.03

Explanation:

From the question, we are given the following:

Probability of loss = 10%

Loss amount = $150

Probability of Saving = 100% - Probability of loss = 100% - 10% = 90%

Saving amount = $50

Therefore, we proceed as follows:

a) If she books the cheaper​ flight, what can she expect to​ gain, on​ average?

This can be calculated as follows:

Expected gain = (Probability of loss * (-Loss amount)) + (Probability of Saving * Saving amount) = (10% * (-150)) + (90% * 50) = -15 + 45 = 30

b) What is the standard​ deviation?

Standard deviation can be described as a measure of the amount of variation a set of values. This can be calculated from the variance as follows:

Variance = (Probability of loss * (-Loss amount - Expected gain)^2) + (Probability of Saving * (Saving amount - Expected gain)^2) = (10% * (-150 - 50)^2) + (90% * (50 - 30)^2) = (10% * (-200)^2) + (90% * (20)^2) = (10% * 40,000) + (90% * 400) = 4,000 + 360 = 4,360

Standard deviation = Variance^0.5 = 4,360^0.5 = 66.03

Who do YOU like more
Joseph Biden or Donald Trump?
Please answer with you honest opinion.​

Answers

Answer:

Explanation:

Joseph biden

Help Here People FAST :) Anyone Answers will Become BRAINIEST
EXPLAIN 5 degrees of elasticity with Diagram :)

Answers

Answer:

The concept of price elasticity of demand has been defined by different economies as under:

“Elasticity of demand may be defined as the percentage change in quantity demanded to the percentage change in-price.”

ADVERTISEMENTS:

 

“Elasticity of demand is the ratio of relative change in quantity to relative change in Price.”

“ The elasticity of demand for a commodity is the rate at which quantity bought change the price change.”

“The elasticity of demand is a measure of the relative change in quantity to a relative change in price”.

“Elasticity of demand measures the responsiveness of demand to changes in price”.

Explanation:

Most criticism is meant to _______.

-help you improve
-make the critic feel better
-discourage you
-make you angry

Answers

Answer: help you improve
first answer, help you improve

whos down to run away with me?

Answers

i’m good... why do you want to?

Commingling is mixing the money of the agent and the principal together.

A. True
B. False

Answers

True.

Commingling is the unlawful use of a client's funds by a licensee, often mixing their own funds with the client's.

Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation

Answers

Defamation is the answer you’re looking for

Answer:

Defamation

Explanation:

got it right on E2020

Which is not the cost of rising unemployment in an economy?

a)Lower Tax Revenues (Government collects less taxes)

b)Higher Benefits Payments

c)Crime, Vandalism, Family Breakdowns, Social Welfare, and Regional Decay in the Society

d)Opportunity Cost of Lost Potential Output

e)Flourishing Economy

Answers

Answer:

e)Flourishing Economy

Explanation:

Unemployment is a scenario where members of the adult population seek job opportunities but cannot get any. Therefore, an unemployed person is a jobless adult who is actively seeking employment.

Unemployed people have no income, which means they do not pay taxes. They may resort to crime to support themselves. Jobless people usually claim unemployment benefits, which is a burden to the government. A jobless person is mostly idle, which is a waste of skill, time, and knowledge.

Unemployment has adverse effects on the economy. It does not support the growth or flourishing of economic activities.

who lives in a pineapple under the sea?​

Answers

Sponge bob skuirt pants !!!!!

Answer:

spongebob squarepants

Explanation:

absorbent and yellow and porous is he

Choose all that apply. Select the differences between saving and investing. Investing is riskier, but has the potential for a higher rate of return. Savings accounts are not federally insured. Some investments earn dividends. Savings accounts earn interest. To collect money from an investment, it is necessary to sell the investment.

Answers

Answer:

Investing is riskier, but has the potential for a higher rate of return.

Explanation:

Savings is the action of putting money aside for future use.  An individual saves when they have money that they do not have an immediate use for, or to accumulate funds for a set objective. Saving is risk-free as the money is simply kept aside in a secure place, preferably a bank account.

Investing is engaging in commercial activities to generate wealth. It involves making decisions on activities that result in profits. However, there are chances that the selected activities might result in losses rather than profits as intended. Activities that present higher chances of profits bear higher chances of big losses.

Saving is risk-free as the probability of losing money is minimal compared to investing, which offers chances of profits, but losses are possible.

Which pathway would you find in the Agriculture, Food, and Natural
Resources Career Cluster?
O A. Quality Assurance
O B. Biotechnology Research and Development
O C. Natural Resource Systems
O D. Consumer Services

Answers

Answer:

O B. Biotechnology Research and Development

Explanation:

The agriculture, food and natural resources cluster comprise all careers related to the production of agricultural products. It includes farmers, scientists, veterinarians, bio technologists, extension officers, and many others. The cluster has skilled professionals who research and develop modern methods of improving agricultural productivity. Biotechnology Research and Development will fit into this role.

Answer: natural resource systems

Explanation:

PLZ HELP ASAP 20 POINS FOR CORRECT ANSWER!!!!!!! Jonson Works in a retail store and updates all the sales records by the end of the day he needs to send the weekly sales report to his supervisor which type of data processing technique will he use to carry out his duties efficiently?

Johnson will use the__processing system to update the sales records send a weekly report to a supervisor​

Answers

Answer:

data processing system

Answer: Transaction processing system

Explanation: im the ceo of apple

Acompany with a high level of productivity is able to:
A. avoid high opportunity costs.
B. expand without taking on debt.
C. produce goods and s bbbervices efficiently.
D. operate without much Investment.

Answers

I believe the Answer is C.

During the proofreading task of the completion stage of a business message, be sure to
O add hyperlinks to change the style of the message.
Oplan the printing and distribution of the message.
O rewrite to clarify any confusing content.
O review for errors in writing, design, and layout.

Answers

Answer:

Review for errors in writing, design, and layout.

Which of the following caused readership of The Boston Globe to plummet?
poor journalism
a competitor
online news
rising subscription costs

Answers

Answer: Online news

Explanation: I took the quiz and got the answer right.

I need help ASAP!!!!



Answers

Answer:Feet

Explanation:

with what?

Imagine you know someone starting off in his or her first career. Based on what you learned in the module, what financial advice would you give this person and what challenges might he or she face?

Answers

Answer:

The most important and basic financial advice we can give to a person starting his career is to only spend as much as the person earns.

Explanation:

Because starting salaries tend to be lower than average, it is not very likely that this person will be able to save, but keeping a balanced personal budget will be very helpful anyway.

A second advice is to avoid debt on consumer goods, and only use debt for long-term investments like a house or a graduate degree. Credit card debt should be specially avoided because of the very high interest rates.

Finally, a third advice is that once this person earns enough to save, to look for safe financial instruments to put his or her money, like a mutual fund or a money market fund.

Frank Furter is driving his new Ford down Harbor Boulevard, when he breaks his tooth on a foreign object in a hotdog he is eating. He is so startled by this event that he fails to notice that the car in front of him has come to a stop. Frank slams on his brakes so hard that it causes his front tire to blow out and he loses control of his Ford and hits a tree. If Mr. Furter sues the hot dog stand and the tire manufacturer, what theory or theories may he use? Discuss. Will the hot dog stand be liable for the car accident?

Answers

Answer:

Frank Furter can sue hot dog stand and tire manufacturer for breaking of his tooth.

Explanation:

Frank furter can sue the hot dog stand as it was the main cause of his accident. The car is designed for having a luxury driving experience but the accidents may happen any time and there should be suitable brake system which can stop the car immediately or in few seconds. The tire should not burst as this will enhance the damage in the accident.

4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please

Answers

A. $2164.89
Basically just subtract, 3,678.89-1514 = 2,164.89

People are living paycheck to paycheck why is that a problem

Answers

Living “paycheck to paycheck” can be a problem because most of the time people would have no money in their savings account and you wouldn’t meet your financial problems if unemployed.

identify two methods by which data maybe collected from supplier, customer, government​

Answers

Answer:

Questionnaires :  Interviews

Explanation:

There are several methods of collecting data from suppliers, customers, or the government. Two of them are

1. Questionnaires

Questionnaires are documents that contain questions related to the subject of inquiry. The researchers formulate questions that, when answered with provide information that they are seeking. Questionnaires can be administered to the suppliers or customers by email,  online or hard copies. They are among the most popular and oldest data collection techniques.

2. Interviews

In this method, a researcher engages a selected respondent on one-one conservation. They discuss the subject matter in detail.  Interviews provide instant feedback and offer the interviewer a deeper understanding of the respondents' thought processes.  

Lola is a very creative and driven person. She is able to meet goals that she sets for herself and works very hard. Lola
also likes making her own schedule and does not take direction or constructive criticism well. Which employer would
be best for Lola to work for?
O the government
O herself
O a private company
an organization

Answers

Answer:

Herself

Explanation: she can make her own goals, her own schedule and she most likely would not have to take criticism from others

help asap plzzzzzzzzzzzzzzzzzzzzzz
When living off campus, you should consider that you will have to pay for all of the following except _____.

A. transportation

B. utilities

C. federal taxes

D. furnishings

Answers

Answer:

C. federal taxes

Explanation:

Off-campus living refers to a situation where a college student opts for alternative accommodation outside the university. The student may get an apartment near the college or live in a private hostel.

When considering off-campus living, it is important to consider transport costs as one will have to commute regularly to the college. They will incur expenses utilities such as power and water bills. They may also need their furniture.

Students are not expected to pay taxes. Federal taxes are imposed on workers, not full-time students.

Answer:

federal taxes

Explanation:

why there's so many wrong answer?

Answers

Answer:

people are dumb tooo

Explanation:

Book store owner, Sandra Walker, has a personal check from one of her customers, payable to The Book Nook. Sandra wants to deposit the check into the store’s account. Use a restrictive endorsement.

Answers

Answer:

see below

Explanation:

Endorsing a check is communicating to the bank how a check is to be cashed. A restrictive endorsement puts limits on how a check or other financial instruments are to be used.

The most common type of restrictive endorsement is for the payee to write the words" for deposit only" at the back of the check. The payee then signs and indicates their account number. This instructs the banks to pay the check amount to that account.

Sandra walker should write the words "for deposits only" at the back of the check. She has to indicate the bank account number for The Book Nook and sign at the back.

Choose the four diversity in the workplace issues from the list below. Remember to choose four!


Ethnic groups


Role of women


Older workers


Physically challenged


Increase advertising


Raise the profit margin

Answers

Answer:

Ethnic groups

Physically challenged

Role of women

Older workers

Explanation:

Diversity in the workplace refers to the employers' deliberate efforts to employ individuals with varying traits.  A workplace that embraces diversity will have employees of different religions, races, gender, sexual orientations, educational backgrounds, and other attributes.

Employees with different backgrounds bring on-board different experiences and perspectives, which enhance the quality of decisions. Having a variety of views and opinions results in higher creativity.

Michael perez deposited a total of $2000 with two savings institutions. one pays interest at a rate of 6%/year, whereas the other pays interest at a rate of 7%/year. if michael earned a total of $136 in interest during a single year, how much did he deposit in each institution? (let x and y denote the amount of money, in dollars, invested at 6% and 7%, respectively.)

Answers

Answer:

He invested $400 in the account with interest at 6%, while investing $1600 in the account with interest at 7%.

Explanation:

Given that Michael Perez deposited $ 2000 in two different accounts that granted an interest of 6% and 7% per year respectively, and that at the end of the year he obtained $ 136 in interest, to determine how much money he invested in each account it is necessary to perform the following calculation:

2000 = 100

136 = X

((136 x 100) / 2000) = X

13600/2000 = X

6.8 = X

Thus, the benefits obtained were 6.8% per year. Thus, the annual 7% of the account with the highest interest rate must subtract a 0.2% yield, with which Michael Perez invested 2/10 parts of his money in the account with interest at 6% and 8/10 in the account with interest at 7%.

Thus, in the account with interest at 6% he invested $ 400, while in the account with interest at 7% he invested $ 1600.

Other Questions
(Ignore the C that was answered I dont think its correct)Angelo wants to graph the quadratic function shown. Math often shows up in sports in ways that we dont realize. Take for example the baseball diamond. It is actually a square with the bases set at a 90 degree angles. If the bases are 90 feet apart, how far is it from home plate to second base? Round to the nearest tenth.Distance between home plate and second base: ____________________ feetGroup of answer choices90127.363.6145 The perimeter of a rectangle is 44 inches, and its area is 112 square inches. Find the length and width of the rectangle. Which of the following best summarizes the career of Thurgood Marshall? Marshall was a minister who, along with the NAACP, filed a lawsuit to allow his daughter to attend an all-white elementary school. Marshall played baseball in the Negro American League, attended UCLA, and became the first African American to play Major League Baseball. After founding the NAACP, Marshall was appointed the first African American Supreme Court justice. After working for the NAACP and winning twenty-nine court cases, Marshall was appointed to the Supreme Court. A square and a rectangle have the same perimeter. The length of the rectangle is4 in. less than twice the side of the square, and the width of the rectangle is 6 in.less than the side of the square.Find the perimeter of the square. pls help. What shows that Gulf Spill Superheroes is an expository text? Choose three answers. A. headings that help organize the information B. superheroes that prevented the damage C. factual information about the oil spill D. photographs with captions E. realistic characters and dialogue Acompany with a high level of productivity is able to:A. avoid high opportunity costs. B. expand without taking on debt. C. produce goods and s bbbervices efficiently. D. operate without much Investment. Have you ever written a bio-data or an application letter? Share your experience in thespace below. (e.g. How did you find the experience? What was hard? What was easy?)Leave the space blank if you have never written any of these. What stress u out what u think that might help u Determine the force in members FD and DB of the frame. Also, find the horizontal and vertical components of reaction the pin at C exerts on member ABC and member EDC. Un anillo de hierro tiene una longitud media de circunferencia de 40 cm y un rea transversal de 1 cm2 . Se le arrollan uniformemente 500 vueltas de alambre .Se realizan mediciones con una bobina exploradora alrededor del anillo que indican que el flujo en el anillo es de 6 x 10-6 Wb cuando la corriente en el devanado es 0,06 A . Encuntrese la densidad de flujo , la intensidad de campo , la permeabilidad y la permeabilidad relativa . Solve: 3x 8 = 6(1 2x) + 16 The number of boys is 3 more than double the girls. Together, there are 54 students in total. How many boys and girls are there? The triangles in the picture are congruent by which method Solve each system of equations algebraically x-y=6 y=-1 Question 13 (1 point)The first flyby's of Jupiter were made by the Pioneer 10 & 11 spacecraft in the early 1970's.O TrueO False Function f is defined by the equation f(x)=x2What is f(3) A local shoe store buys shoes at a wholesale price and then marks them up 80% to calculate the retail price. The wholesale price varies, depending on the quantity of shoes purchased. (2 points)Quantity0-20 pairs21-40 pairs41-60 pairs61-80 pairs81 or more pairsWholesale Price(per pair)$25.00 each$23.00 each$21.00 each$19.00 each$17.00 each What is the quantity of pairs and how much are they each pair?? What decimal equivalent to 5/6 What is the eighth term of the arithmetic sequence? An=10n 14?