PaavanPatel
08.04.2020 •
Business
You are thinking of purchasing a house. The house costs $ 200 000. You have $ 29 comma 000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 5 % per year. What will be your annual payment if you sign this mortgage?
Solved
Show answers
More tips
- F Food and Cooking How to Make Delicious Plov: Secrets and Recipes...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
Answers on questions: Business
- B Business Autility‐maximizing consumer buys so as to make for all pairs of goods....
- B Business If you are demonstrating initiative, you are more likely to be a. reluctant to change your habits b. working shorter hours than most c. working without needing supervision...
- B Business Give and compare the sound of east Asian instruments to the sound of different animals...
- C Computers and Technology Lisa is setting up her audio equipment for her recording. she has plugged in her microphone and headphones in the audio interface. which channel of the audio interface...
- S Social Studies The process of rebuilding a society in the south was known as...
- E English What is the most likely setting for a gothic novel? a. a forest at night, far from civilization and comfort b. a conference room in a sterile office building c. a memorial...
- M Mathematics The table below lists recommended amounts of food to order for 10 party guests. how much of each food item should nathan and amanda order for a graduation party with 25...
- H History After the united states withdrew from vietnam in 1973a. fighting in the region ended, and north vietnam finally abandoned communismb. the fighting continues until vietnam...
- H History Iwill give you the brainliest if you answer these three questions right. 1. what are the holiest cities in islam? select all that apply. baghdad cairo jerusalem mecca medina...
- B Biology What would happen to a cell if cellular respiration suddenly ceased? atp production would increase significantly. the cell would use water for energy. breakdown would increase....
Ответ:
$15,189.49
Explanation:
In order to determine the annual payment we have to use the PMT formula i.e to be shown in the attachment below:
Given that,
Present value = $200,000 - $29,000 = $171,000
Future value = $0
Rate of interest = 5%
NPER = 30 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So after applying the formula, the annual payment is $15,189.49
Ответ:
D.6
Step-by-step explanation:
apex