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- Peter was receiving rental payments of $1,300 at the end of each month from his tenants of his commercial property. What would be the value of his property in the market if he wants to sell it, assuming money earns 3.2% quarterly? N MAARTEN PROPONOSEN HERO compounded *Pengondoom POROS-ovma: ROBORADNO SUPPORTORO PODPOR 220900 Tomatogn RUMORDER enten OSTOPORUNOR DEPARARE PERDANAYou negotiate a car price to $ 25, 000 You must add sales tax to the purchase of 9.50%which gives you the total purchase price for the car at Type your answer here You trade in your old your vehicle for $5,000, and you benefit from a $900 manufacturer's rebateYour adjusted capitalized cost is2. Jason Bradley decided to buy a home for $271,000. His bank requires a 25% down payment. His attorney, has notified Jason that besides the 25% down payment there will be the following additional costs: Recording of the deed $266.00 A credit and appraisal report 1521.00 Preparation of appropriate documents 444.00 In addition, there will be a transfer tax of 1.5% of the purchase price and a loan origination fee of 3% of the mortgage amount. Assume a 30-year mortgage at a rate of 9.5%. a. What is the initial amount of cash Jason will need? (Do not round intermediate calculations. Round your answer to the nearest cent.) b. What is his monthly payment? c. What is the total cost of interest over the life of the mortgage? (Use the amortization worksheet in the financial calculator.
- Installing a solar panel system on your roof comes with a total upfront cost of $18,000 after all tax credits. If the solar panels reduce your utility bill by $1000 per year, what is the Payback Period of installing the solar panel system? Round to one decimal place. Numeric Answer:Ali received an invoice dated 21 March 2021 worth RM 450,000 for 100 units of laptops. The invoice was offered trade discounts of 8 % and 5 % and cash discount terms of 4/15,2/20, n/30. Ali plans to sell the laptop with the operating expenses are 5 % of the cost and he makes a 30 % net profit based on cost. a. Find the last date to settle the invoice. If Ali paid the invoice on 3 April 2021 in cash, determine the amount need to pay. b. c. Determine the selling price and breakeven price for each unit. d. Determine maximum markdown per cent that could be offered without incurring any loss for each unit.An employee is earning P12,000 a month and he can only afford to purchase a car which will require a down payment of P10,000 and a monthly amortization of not more than 30% of his monthly salary. What would be the maximum cash value of a car he can purchase if the seller will agree to a down payment of P10,000 and the balance payable in four (4) years at 18% per year payable on a monthly basis. The first payment will be due at the end of the first month.
- Eddie buys a new apartment for $500,000 at the beginning of 2010. At the end of 2010 an identical new apartment is selling for $550,000. The nominal interest rate in 2010 is 5 percent and the physical depreciation rate on the apartment is 10 percent. What is the annual user cost in percent to Eddie from purchasing the apartment? Select one: Oa. 15 percent O b. 6 percent -5 percent O d. -10 percent Ое. 5 рercent8. A company pays one of its employees $800 per week. How much is the amount withheld from his pay for Social Security taxes? Group of answer choices A.$49.60 B.$11.60 C.$61.20 D.$34.52 9.Squeaky Clean laundromat purchased $6,000 worth of washing machines which are expected to last for 5 years, at which time they will have a trade-in value of $1,000. Calculate the annual depreciation using the straight line depreciation method. Group of answer choices A.$1,200 B.$1,150 C.$1,000 D.$950 10. On July 1, 2017, a company purchased a delivery van for $32,000. In five years, when they trade in the van, they will receive $3,000 toward the purchase of the next model. Using the straight-line method of depreciation, how much will they be allowed to depreciate during the first year? Group of answer choices A.$6,400 B.$5,800 C.$3,200 D.$2,900 ABC Company purchased a $65,000 piece of equipment which had an expected life of 10 years and a scrap value…Lisa Camry bought a $15,000 car with a $3,000 down payment. The balanceis financed by a manufacturer’s sale offering 0-percent annual interest.If Lisa’s opportunity cost is 5 percent, what is her WACC?
- Show excel formula please. Reymundo purchases a property for $300,000. He gets a 2.00% 30 yr fixed rate for the property. He also puts down 15%. His back end DTI is 43%. What is Reymundo's monthly payment for the property? What is his gross pay per month? Show a simplified DTI calculation for Reymundo?After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182 for $64,835. Assuming the sales tax is 5.9% of the purchase price, find each of the following. (a) What is the total cost, including sales tax?$ (b) If Lorna makes a down payment of 24% of the total cost, find the down payment.$ (c) Assuming Lorna finances the remaining cost at an annual interest rate of 7.25% for 10 years, find the monthly payment.$Mr. Owen is buying a new washer/dryer for $2459 at Home Depot. There is 7.5% sales tax added to his purchase. He plans to charge this to his Home Depot credit card, which earns 19.5% APR. He wants to pay $245 per month to the credit card. Fill in the amortization table to calculate how long it will take to pay off the loan. Month Balance Interest Amt. Applied to Principal New Balance 1 $2441.39 2 $2441.39 3 $36.34 $208.66 $2027.40 4 $2027.40 $32.95 $212.05 $1815.35 8 $226.18 $932.11 $231.29 $3.76 ----