tyson fields is applying for a $100,000 mortgage. he can select either a $595 monthly payment with no points or a $515 payment with two points. how many months will it take tyson to cover the cost of the discount points if he takes the lower monthly payment?
Answers
Tyson's selection of the reduced monthly payment option will necessitate a span of 25 months to offset the expenses incurred from acquiring the discount points.
How to Solve the Problem?In order to ascertain the duration of time required for Tyson to recover the expenses incurred on discount points, it is imperative to compute the accumulated cost of these points and subsequently compare it with the variance in monthly payments.
In the event that Tyson elects to opt for the $595 monthly payment plan without any points, the overall expenditure incurred by him throughout the duration of the financial agreement shall be as follows:
The yearly rental cost of $595, which is multiplied by 12 months to calculate the annual rental cost, has been projected over a period of 30 years. The resulting figure of $214,200 represents the total projected rental cost over the 30-year period.
If Tyson opts for the $515 monthly payment accompanied by two points, the aggregate expenditure incurred over the loan's duration will be:
The formula utilized to calculate the total expense incurred over a thirty-year period for a monthly payment of $515 is expressed as follows: $515/month multiplied by twelve months per year and further multiplied by thirty years results in a total cost of $185,400.
Further analysis indicates that there is an additional cost of two points associated with this particular aspect.
The determination of annual interest on a principal amount of $100,000 equates to $2,000 at a rate of 2%.
Consequently, the complete expense of the loan when selecting the two points option is:
The sum of one hundred eighty-five thousand, four hundred dollars and two thousand dollars equals one hundred eighty-seven thousand, four hundred dollars.
The potential monthly savings resulting from selecting the $515 payment option in favor of the $595 payment option is:
The result of subtracting the amount of $515 from the amount of $595 yields a difference of $80.
Therefore, the duration in months required for Tyson to reach the breakeven point by covering the expenses of both points can be ascertained as follows:
The quotient resulting from the division of $2,000 by the sum of $80 per month yields a value of 25 months.
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Related Questions
Amanda Roberts works a Monday Through Friday work week at a rate of 8.75$ per hour. She takes a 1 hour lunch break. If she clocks in each day at 8:45 am and leaves at 5:15 pm what is her total pay for the week?
Answers
7hrs =$61.25
30min =$4.375
$61.25 + $4.375 =$65.625
62.625(money made in one day) x 7 days a week = $459.375
Answer $459.375
Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Printing Technology
Telecommunications
Performing Arts
Journalism
Answers
Answer:
Journalism
Explanation:
Answer:
journalism
Explanation:
The largest component of planned aggregate expenditure is:
A. consumption
B. investment
C. government purchases
D. exports
Answers
Answer:
B. Investment
Explanation:
The word, "Expenditure" means to spend funds, so this act is done for investment
What is reality???????????????????????????????
Answers
Answer:
Reality is a state of consciousness and awareness whereby one can feel and comprehend his himself and his mind and his soul to live in.WARNING: if this is your exam question, please you might not pass with this answer. lolHope this helps
Good luck ALWAYS ✅.
Which of the following statements is true?
Question 8 options:
A. A college may withdraw its offer of acceptance if it finds out you have lied on your application.
B. Any sort of disciplinary infraction in high school will disqualify you from being accepted to college.
C. Colleges have no way of finding out any more about you than what is included in your application.
D.Having someone else fill out your application shields you from legal responsibility for the information it contains.
15 points. No bit links plz.
Answers
Answer:A
A college may withdraws offer of acceptance if it finds out you have a lied on your application
Explanation: it’s obvious
Answer:
A) A college may withdraw it's offer of acceptance if it finds out you have lied on your application.
Explanation:
It's kinda self explanatory.
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answers
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
Jan buys a $100010 percent semi - annual coupon bond for a price of $1094 and holds it to maturity in six years. What is the bond's yield to maturity? A. 80 percent B. 10 percent C. 8.6 percent D. 90 percent
Answers
The correct answer is (C) 8.6 percent. Therefore, the bond yield to maturity is approximately 30.8% on an annual basis. None of the answer choices provided match the correct YTM.
To calculate the bond's yield to maturity (YTM), we can use the formula for YTM as follows:
YTM = (Annual Coupon Payment + [(Face Value - Purchase Price) / Years to Maturity]) / [(Face Value + Purchase Price) / 2]
Given information:
Face Value (Par Value) of the bond = $1000
Coupon Rate = 10% (annual coupon payment of $100)
Purchase Price of the bond = $1094
Years to Maturity = 6
Let's substitute the values into the YTM formula:
YTM = (100 + [(1000 - 1094) / 6]) / [(1000 + 1094) / 2]
YTM = (100 - 94 / 6) / (1094 / 2)
YTM = (100 - 15.67) / 547
YTM = 84.33 / 547
YTM ≈ 0.154 or 15.4%
However, the YTM is expressed on a semi-annual basis since the coupon payment is semi-annual. To convert it to an annual basis, we multiply the semi-annual YTM by 2:
Annual YTM ≈ 15.4% * 2 = 30.8%
Therefore, the bond's yield to maturity is approximately 30.8% on an annual basis. None of the answer choices provided match the correct YTM.
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A product’s value depends both on its utility and its scarcity.
True or false
Answers
Answer:
true
Explanation:
Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answers
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
1.
What plays a role in supply and demand by influencing consumers to seek out particular brands or markets?
labor
integration
elasticity
advertising
Answers
Answer:
Advertising its part if marketing and brands
What one question do you need answered that you feel would take you into the new school year successfully?
Answers
Answer:
will i ever be bullied?
Explanation:
Answer:
Be at the top, be the most populer.
Explanation:
Everyone will respect you
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
Answers
HI HI HI HI HI HI HI HI WATER IS H20
Which of the following factors are important considerations when evaluating a business idea? (Check all of the boxes that apply)
Your personality
Location of business
Your finances
Your competition
Number of employees
The number of hours you will work weekly
Answers
Answer:
location of business
your finances
parts $ 19,500 rent for retail store 4,900 depreciation on marketing department's computers 780 assembly line workers' salaries 2,950 ceo's salary 4,450 screws (indirect materials) 1,150 salespeople's salaries 2,400 additional parts 7,800 depreciation on machines 1,550 factory utilities 850 janitorial supplies 900 required: determine the cost of direct material. determine the cost of direct labor. determine the cost of manufacturing overhead. determine the total manufacturing cost. determine the total period cost.
Answers
The total period cost is the sum of the total manufacturing cost and other expenses such as the CEO's salary at $4,450, the salespeople's salaries at $2,400, and additional parts at $7,800, which brings the total period cost to $33,950.
The cost of direct materials is the cost of screws which is $1,150. Direct labor is the cost of assembly line workers' salaries which is $2,950. Manufacturing overhead consists of depreciation on the marketing department's computers ($4,900), depreciation on machines ($7,800), factory utilities ($1,550), and janitorial supplies ($900), bringing the total manufacturing overhead cost to $15,150.
The total manufacturing cost is the sum of the direct materials, direct labor, and manufacturing overhead, which is $19,300. The total period cost is the sum of the total manufacturing cost and the CEO's salary ($4,450), salespeople's salaries ($2,400), and additional parts ($7,800), which is $33,950.
Direct materials are the raw materials used to produce goods. In this example, direct materials consist of the screws purchased for $1,150. Direct labor refers to the costs of hiring workers to directly produce the goods. In this example, direct labor consists of the salaries of the assembly line workers at $2,950.
Manufacturing overhead consists of all costs associated with the production of the goods, aside from direct materials and direct labor. This includes the depreciation of the marketing department's computers at $4,900, the depreciation of machines at $7,800, factory utilities at $1,550, and janitorial supplies at $900, bringing the total manufacturing overhead to $15,150.
The total manufacturing cost is the sum of direct materials, direct labor, and manufacturing overhead, which comes to $19,300. The total period cost is the sum of the total manufacturing cost and other expenses such as the CEO's salary at $4,450, the salespeople's salaries at $2,400, and additional parts at $7,800, which brings the total period cost to $33,950.
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which of the following is true concerning intercompany transactions? group of answer choices intercompany transactions need not be eliminated in the consolidating process not all intercompany gains and losses must be eliminated in the consolidating process. transactions between two subsidiaries to be consolidated with the same parent need to be eliminated in the consolidating process. transactions between two subsidiaries to be consolidated with the same parent do not need to be eliminated in the consolidating process.
Answers
Transactions between two subsidiaries to be consolidated with the same parent need to be eliminated in the consolidating process is true concerning intercompany transactions. Option B is correct
Transactions between the two subsidiaries that will be consolidated with the same parent must be removed during the consolidation process. This is because they do not represent transactions with third parties, but rather transactions between various components of the same larger economic entity.
Eliminating these intercompany transactions makes sure that the financial statements of the consolidated entity only reflect the true economic impact of these transactions on the entire entity and do not double-count these transactions.
Option B is correct
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Where is the row selector located in Datasheet view?
above the top row of data
below the last row of data
to the left of the leftmost data
to the right of the rightmost data
Answers
Answer:
to the left of the leftmost data
Explanation:
A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
A Datasheet view is simply the rows and columns of data in a table that are being displayed in database software application such as Microsoft Access and Excel.
In DBMS, rows are numbered numerically as 1, 2, 3, 4, 5, etc. from top to bottom while columns are labeled alphabetically as A, B, C, D, E, etc. from left to right. Thus, a row is the horizontal arrangement of cell while column is the vertical arrangement of cell in a spreadsheet (table of cells).
Generally, the row selector is located to the left of the leftmost data in Datasheet view.
Answer:
c
Explanation:
What is cd how is it work ?
Answers
Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
What is the potter and rosenbach followership model?
Answers
The Potter and Rosenbach Followership Model is a framework for understanding the different types of followers that exist within an organization.
The model proposes five different types of followers: sheep, yes people, survivors, alienated followers, and effective followers.Sheep are passive and uncritical followers who do not think for themselves and simply follow the leader. Yes people are overly compliant and agreeable followers who are often unassertive and avoid conflict. Survivors are followers who are able to adapt to their environment and endure despite challenges and setbacks.
Alienated followers are often critical of the leader and the organization, and may feel disillusioned and disconnected. Effective followers are active and engaged followers who think critically, offer support to the leader, and strive for the success of the organization.The model suggests that leaders should aim to develop effective followers who can think critically, provide support, and contribute to the success of the organization. It also highlights the importance of recognizing and addressing the needs and motivations of each type of follower in order to effectively lead and manage them.
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Your firm is a full-service, specialty-line wholesaler, and you own display shelves in discount stores. Your firm is a
Answers
Your firm is a full-service, specialty-line wholesaler, and you own display shelves in discount stores. Your firm is a rack jobber.
Who is a rack jobber?A rack jobber is a business or trader who has a contract with a retailer to put goods on display and sell them there. Gas stations, grocery shops, and other places not often associated with the products sold would be the outlets for the products since they typically do not sell such items.
When commerce is conducted in this way, both the rack jobber and the store owner benefit since the jobber may expose his or her goods to a large consumer base and the store owner gets to split the earnings without having to take inventory or replenish inventory.
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(01. 01 LC)
Why might a person choose to attend a four-year university over a
technical school? (5 points)
The demand for certain trades is low.
The cost is lower than a technical school,
O Entering the workforce sooner is appealing.
There are more options and greater earning potential.
Answers
There are more options and greater earning potential, that's Why might a person choose to attend a four-year university over a technical school.
What are technical schools?The United Nations believes that technical education is essential for adapting to new technology. The global development of literacy, transversal, and citizenship skills is the goal of Technical and Vocational Education and Training (TVET), according to various UN bodies.After completing a course that teaches specific education courses based on an occupational skill set, a technical degree is a certification. This can be chosen by students either while still in high school or prior to pursuing a bachelor's degree. There are degrees that also include vocational subjects.Students who know what they want to do professionally and want to start working right away are the ideal candidates for a technical school program. However, it also works well for people who want to switch careers or colleges.Everything you need to know about technical schools is covered in this article. This article is also for people who just want to improve their skills and learn something new.learn more about the importance of university over technical school
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Which of the following is not a benefit of marriage, according to the U.S. Department of Health and Human Services?
making better decisions
mentally healthier
wealthier
at decreased risk of alcohol and drug use
Answers
Answer: wealthier
Explanation:
According to the report by the U.S. Department of Health and Human Services, marriage is beneficial in various ways to both spouses and offspring.
It stated that having a spouse enabled for better decision making in various areas including in substance abuse which led to a decreased risk in both alcohol and drug use.
Being married can also contribute to the general mental health of spouses.
There was no mention however, of marriage making people wealthier.
Answer: making better decisions
Explanation: it's correct on edge
a.
3. A written communication between two departments of a company would be made by:
Letter
b. Memo
Intercom
d. Viewdata
C.
Answers
internet service providers
You have become a trusted resource for your organization, and they have asked for your advice on gaining a competitive advantage in the field. More specifically, they would like your analysis and recommendations on ways to bring their company culture, demographics, and technologies up to current industry practices and beyond. Review the demographic and technological information about your company. If the information is not public, base your decisions on a similar company and research. This information will assist you as you complete your Organizational Presentation in Step 2 of this assessment.
Answers
Improving company culture, demographics, and technologies can contribute to gaining a competitive advantage.
To enhance company culture, it is essential to foster an environment that values employee engagement, collaboration, and innovation.
This can be achieved through initiatives such as promoting open communication channels, encouraging continuous learning and professional development, recognizing and rewarding employee achievements, and creating a diverse and inclusive workplace culture.
In terms of demographics, it is important to have a workforce that reflects the diversity of the customer base and target market. This can be achieved through targeted recruitment and hiring practices, implementing diversity and inclusion programs, and providing equal opportunities for career growth and advancement.
Regarding technology, staying up to date with current industry practices and adopting cutting-edge technologies can give your organization a competitive edge. This may include investing in cloud computing, data analytics, artificial intelligence, automation, and digital transformation initiatives.
It is crucial to regularly assess technological needs, conduct market research, and invest in training and development to ensure employees have the necessary skills to leverage these technologies effectively.
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Order winners and qualifiers represent a link between operations and what other business function?
Answers
Order winners and qualifiers serve as a connection between operations and the marketing function in a business.
Order winners and qualifiers serve as a connection between operations and the marketing function in a business.
1. Operations Function: The operations function in a business is responsible for designing, producing, and delivering products or services. It involves activities such as production planning, inventory management, quality control, and supply chain management. The goal of the operations function is to efficiently and effectively meet customer demands.
2. Marketing Function: The marketing function in a business focuses on understanding customer needs and wants, developing marketing strategies, and promoting products or services to target customers. It involves activities such as market research, product development, pricing, advertising, and distribution. The goal of the marketing function is to attract, satisfy, and retain customers.
3. Order Winners: Order winners are the competitive factors that make a product or service stand out and contribute to winning customer orders. These factors can vary depending on the industry and market. Examples of order winners include product quality, price, delivery speed, customization, innovation, and customer service. Order winners are determined by customer preferences and influence the purchasing decisions.
4. Qualifiers: Qualifiers are the minimum standards or requirements that a product or service must meet to be considered by customers. These are the basic expectations that customers have and are considered essential for business survival. Qualifiers include factors like product functionality, reliability, availability, lead time, and price competitiveness. Failing to meet the qualifiers can result in customers rejecting a product or service outright.
5. Link between Operations and Marketing: Order winners and qualifiers provide a critical link between operations and the marketing function. Operations must understand the order winners and qualifiers identified by the marketing function to align their processes and capabilities accordingly. Operations must ensure that they can deliver the order winners effectively and meet the qualifiers consistently to satisfy customer needs and preferences.
By understanding the link between order winners, qualifiers, operations, and marketing, businesses can strategically align their operations to meet customer expectations and gain a competitive advantage in the market.
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Which of the following is the best example of a SMART goal?
A. Graduate with a degree in business.
B. Learn as much about marketing as possible.
C. Graduate with a bachelor's degree in marketing in a year.
D. Earn a "B" or better in my Intro to Marketing course this semester.
Answers
Answer:
c
Explanation:
although all were good options for answers, but this graduate got through this in a year, Speaks volumes to me
Answer:
The answer is definitely: D. Earn a "B" or better in my Introduction to Marketing course this semester.
Explanation:
100 % correct
what type of government action is part of fical policy
Answers
On July 1, 2007, East Company purchased as a long-term investment P5,000,000 face amount, 8% bonds of Rand Company for P4,615,000 to yield 10% per year. The bonds pay interest semiannually on January 1 and July 1. In its December 31, 2007 balance sheet, East should report interest receivable of?
Answers
In its December 31, 2007 balance sheet, East should report interest receivable of P100,000.
It is given data that: Face value of bonds purchased = P5,000,000, Purchase price = P4,615,000 (to yield 10% per annum), Interest rate = 8%. Bonds pay interest semi-annually (twice a year) on January 1 and July 1
Now, we can use the following formula to find out the interest receivable on December 31, 2007:
Interest = Face value of bonds x Interest rateInterest for 6 months = 5,000,000 x 8% x (6/12) = P200,000
Since the bonds were purchased on July 1, 2007, East Company will earn interest for the next 6 months (from July 1, 2007, to December 31, 2007).
Interest for the period July 1, 2007, to December 31, 2007, = P200,000 / 2 = P100,000
Therefore, interest receivable on December 31, 2007, will be P100,000.
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2) suppose a ten-year, $1000 bond with an 8% coupon rate and semiannual coupons is trading for a price of $1034.74. a) what is the bond's yield to maturity (expressed as an apr with semiannual compounding)? b) if the bond's yield to maturity changes to 9% apr, what will the bond's price be?
Answers
The bond's YTM increases to 9% APR with semiannual compounding, its price will decrease to $941.47.
To find the bond's yield to maturity (YTM), we can use the present value formula and solve for the discount rate (YTM) that makes the present value of the bond's future cash flows equal to its current price:
The bond's YTM increases to 9% APR with semiannual compounding, its price will decrease to $941.47.
a) PV = \((C / (1+r/2)^{n} ) + (C / (1+r/2)^{n-1} ) +.... + (C + FV / (1+r/2)^{n-1} )\)
PV =1034.74
b) price= \((40 / (1+0.09/2)^{1} ) + (40 / (1+0.09/2)^{2} ) +.... + (40 + 1000 / (1+0.09/2)^{0} )\)
Price = $941.47
Thus, if the bond's YTM increases to 9% APR with semiannual compounding, its price will decrease to $941.47.
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