Use the table provided in the handbook. With a mortgage of $80,000 at 13% for 25 years, by what amount is the principal reduced the first month?
What will be an ideal response?
$35.73
$80,000 × .13 × 1 / 12 = $866.67; $80,000 / $1,000 = 80; 80 × $11.28 (Table 15-1) = $902.40; $902.40 - $866.67 = $35.73.
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What Constitutional Amendment prohibits unreasonable searches and seizures?
A) Fourth B) Fifth C) Sixth D) Eighth
Beach Corporation has a return on investment of 15%. A Beach division, which currently has a 13% ROI and $750,000 of residual income, is contemplating a massive new investment that will (1) reduce divisional ROI and (2) produce $120,000 of residual income. If Beach strives for goal congruence, the investment:
A. should be acquired because after the acquisition, the division's ROI and residual income are both positive numbers. B. should be acquired because it produces $120,000 of residual income for the division. C. should not be acquired because the division's ROI is less than the corporate ROI before the investment is considered. D. should not be acquired because it reduces divisional ROI. E. should not be acquired because it produces $120,000 of residual income.
Investing activities include receiving cash from the sale of land and also the resulting gain or loss on the sale.
Answer the following statement true (T) or false (F)
The ____________________, sometimes called the profit and loss statement, reports the profitability of business operations for a specific period of time.
Fill in the blank(s) with the appropriate word(s).