Business, 04.10.2020 20:01 Jackie2088
Suppose that five years ago, you borrowed $260,000 to purchase your first home. Terms of the loan required monthly payments over 30 years at an interest rate of 6%. Since then, interest rates have decreased to 3.5%. As such, you want to refinance this loan. If you refinance this loan at the current rate for the remaining period (25 years), how much will you save per month in your monthly payment
Answers: 3
Business, 22.06.2019 02:50
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
Business, 22.06.2019 19:50
At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)
Answers: 2
Suppose that five years ago, you borrowed $260,000 to purchase your first home. Terms of the loan re...
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