Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I really just need the steps on what to do. I get the concept but not how to apply it to this example. thank you

I really just need the steps on what to do. I get the concept but not how to apply it to this example.
thank you
image text in transcribed
image text in transcribed
w how to replace your roof and the flow ofered by different colors for the same con $11,000, when the marketerstates noofer Al year contendo each month, they said they only charge you 25 eneste, plus one on the contrastinal to the $1.000 cott of the road and their con your own $551.37 for payment opent in the 12 months after that, four year annette market. They acted the months Robert de that there welcome to add the cand they monthly compound that were under What the cost for our ? is oder here that 12 whether optreedte the town where you Noor andere pu west Payback of except Tate . 0 55157 we end of MAN and Moot end of Month ME end o Mont end of Month of Months En ons of Month 11 You have to replace your roof and have the followine inancing options offered by different roofers for the same job costing $18,000, when the market interest rate is 26 Rooter year financing plan, monthly payments at end of each month, they said they only change your 3 25 annual interest rate plus some loan closing cost in additional to the $10,000 cost of the root Based on their calculation your monthly payment is $55157 for 36 payments Heater No payment in the first 12 month, after that, a four year financing plan at the market rate. They calculated the monthly payment (end of month of S429 58 for 48 months Hooter made it clear that there are too closing cost of $500, included in the caluation and they always use monthly compounding in calculating interests and payments Recited b. What is the lacing cost for Roofer ? Fast Footer is there interest changes in the first 12 months when there is no payments required if so, at what rate? Complete the following schedule to show the balance at different time point, if you po for Roofer Routers Roofer interest Dent interest Day-hack of balance on exproject project 18500 rate Nper Dmt Type EM 3.25 36 55157 Beginning end of Month endo end of Mos end of Mom end of MONS end of Mont and of Man end of the dom end M 10 Mon 11 de Manth 22 OOOOOOOOOO w how to replace your roof and the flow ofered by different colors for the same con $11,000, when the marketerstates noofer Al year contendo each month, they said they only charge you 25 eneste, plus one on the contrastinal to the $1.000 cott of the road and their con your own $551.37 for payment opent in the 12 months after that, four year annette market. They acted the months Robert de that there welcome to add the cand they monthly compound that were under What the cost for our ? is oder here that 12 whether optreedte the town where you Noor andere pu west Payback of except Tate . 0 55157 we end of MAN and Moot end of Month ME end o Mont end of Month of Months En ons of Month 11 You have to replace your roof and have the followine inancing options offered by different roofers for the same job costing $18,000, when the market interest rate is 26 Rooter year financing plan, monthly payments at end of each month, they said they only change your 3 25 annual interest rate plus some loan closing cost in additional to the $10,000 cost of the root Based on their calculation your monthly payment is $55157 for 36 payments Heater No payment in the first 12 month, after that, a four year financing plan at the market rate. They calculated the monthly payment (end of month of S429 58 for 48 months Hooter made it clear that there are too closing cost of $500, included in the caluation and they always use monthly compounding in calculating interests and payments Recited b. What is the lacing cost for Roofer ? Fast Footer is there interest changes in the first 12 months when there is no payments required if so, at what rate? Complete the following schedule to show the balance at different time point, if you po for Roofer Routers Roofer interest Dent interest Day-hack of balance on exproject project 18500 rate Nper Dmt Type EM 3.25 36 55157 Beginning end of Month endo end of Mos end of Mom end of MONS end of Mont and of Man end of the dom end M 10 Mon 11 de Manth 22 OOOOOOOOOO

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy

Authors: Jacques Richard, Alexandre Rambaud

1st Edition

1032046589, 9781032046587

More Books

Students also viewed these Accounting questions

Question

What is the cerebrum?

Answered: 1 week ago