1 4 . Liam had an extension built onto his home. He financed it for 4 8...

Fantastic news! We've Found the answer you've been seeking!

Question:

14 .

Liam had an extension built onto his home. He financed it for

48

months with a loan at

5.5 %

APR. His monthly payments were $

770 .

How much was the loan amount for this extension?O A

.

39, 731

.

46, 353 .

33, 109

.

52, 974

Posted Date: May 18, 2024 07:04 AM

See More Questions

The following is the ending balances of accounts at December 31, 2018, for the Weismuller Publishing Company. Additional Information: 1. Prepaid expenses include $120,000 paid on December 31, 2018,...
Describe how financial leverage can increase return on owners equity.
When personal taxes on interest income and bankruptcy costs are considered, the general expression for the value of a levered firm in a world in which the tax rate on equity distributions equals zero...
On December 31, 2017, Tan Company issued $\$ 400,000$ of ten-year, 12 percent bonds payable for $\$ 449,849$, yielding an effective interest rate of ten percent. Interest is payable semiannually...
Consider the 2013 declined loan data from LendingClub titled RejectStatsB2013. Similar to the analysis done in the chapter, lets scrub the debt-to-income data. Because our analysis requires risk...
more is a weekend fishing competition that Jose participates in each year. There are several other fishing boats that partapate in this competition. Among all e competitors, the number of fish caught...
Briefly define TinyOS and explain its goals as an embedded operating system.?
Medina Co. is a seller of electronic equipment used by other companies in their business such as modified iPads to process customer payments, record and perform services, etc. Customers prepare a...
If the real interest rate is 6.50% per year and the expected inflation rate is 1.80%, what is the nominal interest rate according to the Fisher equation?
GreenCut Lawnmowers makes three models of push mower: the Standard, the Premium, and the Pro. Condensed income statement data related to the three models are as follows: Standard Premium Sales...
Helen purchased 200 shares of Terabithia common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance margin is 30%. 1) What will be Helen's rate of return if the...
Kingbird company purchased an electric wax melter on April 3 0 , 2 0 2 5 , by trading in its old gas model and paying the balance in cash. The following data relate to the purchase. List price of new...
On January 1, 2020, Portal Corporation acquired 90% of Squaredeal Company's voting stock for $62,000 in cash and stock. The noncontrolling interest in Squaredeal had a fair value of $5,000. The...
Below is a sample of the data in the file NFLAttendance which contains the 32 teams in the National Football League, their conference affiliation, their division, and their average home attendance....
Arthur Jansky and Edward Thayer are partners, each with $27,000.00 equity in an existing business. The partners share equally in all changes in equity. On March 1 of the current year, Dean McGee is...
On July 1 of the current year, Roy Hatfield and Michelle Allen form a partnership. The partners share equally in all changes in equity. The partnership assumes the assets and liabilities of Roy's...
Helen Cole, her husband, and her son were partners in a business. Mrs. Cole's husband died, leaving his equity in the partnership to Mrs. Cole. Mrs. Cole and her son plan to form a new partnership...

1 4 . Liam had an extension built onto his home. He financed it for 4 8...

Question:

Expert Answer:

Students also viewed these finance questions