The Wong family bought a $190,000 home in 2001. They obtained a mortgage loan for 30 years. The monthly payment, not including property taxes and insurance, is $995. How much total principal and interest will they pay for the house after 30 years?

Answers

Answer 1
Answer:

The combined total amount of principal and interest paid after 30 years for the house is $358,200.

What is a mortgage loan?

A mortgage loan is a type of loan that is being secured by any fixed asset against which the individual can take the funds.

Given values:

Monthly payment: $995

Number of years: 30

Number of months in a year: 12

Computation of mortgage payment after 30 years:

\rm\ Mortgage \rm\ Payment=\rm\ Monthly \rm\ Payment *\ \rm\Months \rm\ in \rm\ a \rm\ Year *\ \rm\ Number \rm\ of \rm\ years\n\rm\ Mortgage \rm\ Payment=\$995 *\ 12 *\ 30\n\rm\ Mortgage \rm\ Payment=\$ 358,200

Therefore, the amount of $358,200 is the combined principal and interest paid after 30 years.

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Answer 2
Answer:

Answer:

C: 358200

Explanation:

just took the test


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Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per month is $2,100. Her deductions before the change are listed in the table.

Answers

since you gave no table,

her federal income in 14 % Rate = 14 % x 2,100
                                                         = $ 294

Her federal tax in 16 % Rate = 16 % x 2,100
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Mary visits her local shopping mall to purchase some much needed additions to her wardrobe. In selecting the items she wants to purchase, Mary is concerned primarily with factors such as color, size, style, and price. Clothing items can best be described as __________ goods a. qualitative
b. search
c. experience
d. credence

Answers

Answer:

Search

Explanation:

A search good is a good in which it's costs can be easily determined before purchasing. It can also be described as a product that can be easily evaluated just by viewing it to determine its quality.

Clothing items fall under the category of search goods because it is easy to identify the value just by looking at its colour, style,size and shape.

How does organizational structure affect communication? Provide an example of how a sales associate might communicate an idea for a new promotion to the company's marketing department.

Answers

Through lateral, upward, and downward communication, the organizational structure's communication channels fulfill particular purposes. Therefore, the organizational structure must support this efficient communication flow.

What is communication flow?

There are five possible directions for communication to move through an organization: externally, lateral, diagonally, upwardly, and downwardly. stating the mission and vision of the organization. Etc. Check to make sure the chosen method will successfully deliver the message.

Information is transferred from lower-level employees to higher-level employees through upward communication. As an illustration of upward communication, consider workers reporting to a supervisor or team leaders reporting to a department manager.

The four main channels of communication inside an organization are downhill, upward, horizontal, and multi-directional.

Thus, Through lateral, upward, and downward communication.

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Answer:

The communication channels created by the organizational structure serve specific functions through downward, upward and lateral communication. Thus an organization's structure must facilitate this effective flow of communication.

Explanation:

The main economic influence that determines prices is: the stock market. interest rates. government spending. supply and demand.

Answers

The correct answer is : Supply and demand

a Product's price will most likely to increase if more consumers demanded that product.And a product's price will most likely to drop if no one want it.

A product's price will increase if only a few people could supply it (which mean that it's hard to obtain) , and a product's price will decrease if it could be obtain easily ( a lot of people could supply it)

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Answers

Answer:

True

Explanation:

For instance, for a car importer to become compliant, the importer must show that it exercised reasonable care in the filing of its Customs entries—by following a standard of behavior set by the law. Which includes hiring a customs specialist

Suppose you buy clothes at Mimi's Clothing Shop. Your spending is Mimi's _____.

Answers

Suppose you buy clothes at Mimi's Clothng Shop. Your spending is Mimi's profit.