The amount that banks lost in forgone interest earnings for every $2000 in deposits was $14.40. Option E.
Banks did not receive income on their reserves deposited with the Fed before 2008 when the Fed stopped paying interest on bank reserves.
We can determine the lost interest income on deposits because the necessary reserve ratio was 12% and banks charged 6% interest on loans.
The bank must retain $0.12 in required reserves for every $1 deposited, with the remaining $0.88 available for loaning.
The lost interest income can be calculated as follows:
Required Reserves x Loan Interest Rate = Forgone Interest Earnings
Forgone Interest Earnings = $0.12 * $0.06 = $0.0072
Therefore, for every $1 deposited, banks lost $0.0072 in forgone interest earnings.
To calculate the forgone interest earnings for every $2000 in deposits, we multiply the per-dollar forgone interest earnings by the deposit amount:
Forgone Interest Earnings = $0.0072 * $2000 = $14.40
The amount that banks lost in forgone interest earnings for every $2000 in deposits was $14.40.
Thus, the correct answer is Option E.
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The complete question is:
Prior to 2008, the Fed did not pay interest on bank reserves. If banks charged 6% on loans and the required reserve ratio was 12%, then for every $2000 in deposits, the amount that banks lost in forgone interest earnings was:
a. $0
b. $120
c. $240
d. $360
e. $14.40.
person communicates the rehearsal schedule to the performers? multiple choice stage manager director producer
The person who communicates the rehearsal schedule to the performers is typically the stage manager. The correct option is stage manager.
It is the stage manager's responsibility to organize and coordinate all aspects of the rehearsal process, including scheduling and communication with the performers. They work closely with the director and producer to ensure that rehearsals run smoothly and efficiently, and they act as a liaison between the production team and the performers.
The stage manager is also responsible for keeping track of any changes to the rehearsal schedule and ensuring that everyone involved is notified in a timely manner. This requires strong communication skills and attention to detail, as well as the ability to work well under pressure. Ultimately, the stage manager plays a vital role in bringing a production to life and ensuring that all involved are prepared and ready to deliver their best performances. The correct option is stage manager.
The complete question is:
Person communicates the rehearsal schedule to the performers?
multiple choice
stage manager
director
producer
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General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County) makes communication devices for military contracts . The company just completed two contracts (with the same type of device ). The navy contract was 4, 300 devices and took 20 workers two weeks to complete . The army contract was for 8,300 devices that were produced by 25 workers in three weeks . Assume 40 working hours per week per worker . On which contract were the workers more productive?
Answer:
The army contract
Explanation:
Productivity can be measured by output per hour. i.e.
dividing the total output by hours worked.
productivity = output/hours worked
The navy contract
output =4,300
the hours worked = 20 workers working for two weeks, each week has 40 hours
Each worker worked 40 x 2 hours = 80 hours
20 workers worked for
80 hrs x 20
= 1600 hours
Productivity = 4,300/1600
=2.6875
For the military contract
output = 8300
hours worked
= 25 workers in three weeks, each week 40 hours
each worker worked, 40 x 3 hours = 120 hours
Twenty-five workers:
=25 x 120 hours
= 3000 hours
Productivity = 8300/3000
=2.766
The productivity for the military contract (2.766) was higher than for the navy contrac t(2.6875).
A working group convened by NASAA has developed a model fee disclosure schedule to help investors better understand the costs involved in doing business with their broker-dealer. The template has broker-dealers disclose all of the following fees except:________. A) charges for late payments B) account inactivity fee C) issuance of a stock certificate D) advisory fees
Answer:
Correct Answer:
C) issuance of a stock certificate
Explanation:
In the model developed by group working for NASAA which was to disclose model fee and cost involved in doing business with them, it would disclose all associated cost involved. The only thing it would not disclose would be regards to stock certificate issuance since it falls outside their perview.
Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answer:
product differentiation
Explanation:
i got it right on test
As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career promotions which fit your needs b. Remain tied to traditional practices in a technologically advancing age c. Show commitment to always doing your job in the same way no matter what d. Compile your professional development and growth every ten years Please select the best answer from the choices provided.
Answer:
a.
Target and train for specific career promotions which fit your needs
Explanation:
Making sure that data collected on customer trends is organized is one way technology can help a business.
True
False
Answer:
True
Explanation:
I would say this statement in TRUE. Here is my reasoning: Data collection is information learned by a business. For example: If you are a moving company and you paid for a TV commercial. Wouldn't you like to know how many people are calling you for moves based on that commercial? Of course. So asking your customers "where did you hear about us?" and hearing "The TV commercial" can identify that not only is your commercial working but that it is paying for itself with the business coming your way. Data collected is a GREAT way to run a business successfully.
How do bonds generate income for investors?
A. Bonds depreciate in value.
B. Bonds protect investors from bankruptcy.
C. Bonds pay interest to the bank that sold the bond.
D. Bonds pay a specified amount to the investor at maturity.
Answer: D) bonds pay a specific amount to the investor at maturity
Explanation:
Bonds generate income for investors: B. Bonds protect investors from bankruptcy.
Bonds are considered to be safer investments as compared to the stocks because the bondholders can claim on the money generated by deposition of bonds in the event of bankruptcy. It becomes one of the source of income in scarcity of money. Bonds depreciates in value with time. The value of the bond reduces with as that of its face value. Bonds pay principle interest to the bond holder rather than to the bank. There is no surety of getting a specified amount after the maturity of bond as the value of bond depreciates with the time.Hence, option B is correct.
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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When reconciling or balancing your checking account, which of the following correctly describes the math?
A) add withdrawals and fees, subtract deposits
B) add deposits, subtract withdrawals and fees
Answer:
B) add deposits, subtract withdrawals and fees
Explanation:
A checking account is a deposit and saving account held in a financial institution, mostly a bank. The user or owner of the checking account is allowed to deposit and withdraw money as frequently as they deem necessary without incurring access fees.
Money held in a checking account is accessible using different ways, including debit cards, ATMs, and over the counter. When reconciling a checking account, one needs to subtract the sum of "money out" from "money in. "
"Money in" comprises mostly of deposits. "Money out" is the total of withdraws plus other bank charges levied to the account.
Catherine Cookies has a beginning balance in the accounts payable control total account of p8,200. In the cash disbursements journal the account payable column has total debits of p6,800 for November. The accounts payable credit column in the purchase journal reveal a total of p10,500 for the current month. Based on this accounts payable account in the general ledger
The ending balance in the accounts payable control total account is P11,900.
Total credits - total debits = ending balance
P18,700 - P6,800 = P11,900
Accounts payable is a financial term that refers to the amount of money a business owes to its suppliers or vendors for goods or services received but not yet paid for. It represents the short-term liabilities of a company and is classified as a current liability on the balance sheet. When a business purchases goods or services on credit, it creates an accounts payable entry. The supplier or vendor issues an invoice with the amount owed and the payment terms.
The company records this as a liability in its books until the invoice is paid. Managing accounts payable is crucial for maintaining healthy cash flow and building strong relationships with suppliers. Effective management involves tracking and monitoring payment due dates, negotiating favorable payment terms, and ensuring timely payments to avoid late fees or strained vendor relationships.
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A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the.
Option D. asset's remaining economic life.
A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the asset's remaining economic life.
The IRS rule is that you claim depreciation on leased equipment if your contract is a lease-to-own arrangement. If it's a not-to-own lease, you deduct the payments as a regular business expense, even if the lease meets GAAP's five-fold test for a finance lease.
A bargain purchase option and a guaranteed residual value of identical amounts are in the computation of the annual depreciation. In the case of a guaranteed residual value, the lessee depreciates the asset over the lease life.
Your question is incomplete. please read below to find the full content.
A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the.
a."life of the asset or the term of the lease, whichever is longer."
b. term of the lease.
c. period ending with the bargain purchase option date.
d. asset's remaining economic life.
Your question is incomplete. please read below to find the full content.
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most local stores in the south had no competition and thus were able to ______.
Northern investment, the end of slavery, and an increasing shift to cotton by small farmers all ensured that textile factories became the dominant industry for the remainder of the nineteenth century and well into the twentieth century.
An oligarchy of prominent Democrats that operated in the South came to power. Many white parents took their children out of integrated schools as a result of early efforts to integrate southern schools. New southern state legislatures created stringent "Black Codes" in 1865 and 1866 under the administration of President Andrew Johnson to regulate the work and conduct of freed slaves and other African Americans.The South was very wealthy, but it was mostly dependent on the slave trade. In 1860, the economic worth of slaves in the United States was more than the total value of the country's banks, industries, and railways.
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A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.
A guidance counselor is a person who works in the schools and check with the student's academic progress.
Who is a guidance counselor? Discuss his responsibilities?A guidance counselor are the certified professionals who are employed in the schools and different institutions.
They helps the students by giving them advise and consultancy about their career and academic growth.
They basically assess the student's ability and provides them with personal counselling.
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What are the 3 approaches to research?
This approach involves collecting numerical data and analyzing it using statistical methods.
What is research?Research is the process of gathering, analyzing, and interpreting information to answer questions, solve problems, and inform decisions. It is an organized and systematic way to investigate a specific problem, question, or issue. Research involves collecting and analyzing data from various sources, such as interviews, surveys, field observations, books, journals, and other published material. The goal of research is to discover patterns and draw conclusions that can be used to inform decision-making and solve problems. Research can be both qualitative and quantitative, and can be used to evaluate ideas, develop strategies, and inform policy. Research often takes a lot of time and effort, but it is essential in order to make informed decisions and create successful solutions.
1. Qualitative Research: This approach focuses on collecting, analyzing, and interpreting data in order to gain an understanding of a particular phenomenon. It uses methods such as interviews, focus groups, and ethnographic studies to generate data.
2. Quantitative Research: This approach involves collecting numerical data and using statistical methods to analyze it in order to draw conclusions. It typically involves surveys, experiments, and data analysis.
3. Mixed-Methods Research: This approach combines both qualitative and quantitative methods in order to gain a fuller understanding of a given phenomenon. It is often used to triangulate data or to explore relationships between different variables.
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a firm that makes a major investment in a long-term asset has made a(n) ____ expenditure.
A firm that makes a major investment in a long-term asset has made a capital expenditure.
An explanation of this answer is that a capital expenditure is an investment made by a company to acquire or improve long-term assets such as property, plant, and equipment. These assets are expected to generate benefits for the company over an extended period of time, usually several years or more.
A long explanation of this answer would delve further into the implications of capital expenditures for a company's financial health and performance. Capital expenditures are typically significant expenses that can impact a company's cash flow and profitability in the short term, but are intended to provide long-term benefits such as increased production capacity or improved efficiency. As such, capital expenditures are often closely monitored and evaluated by company executives and investors as an indicator of the company's strategic priorities and long-term viability.
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Lately, Marcus has noticed a lot of customer complaints that items purchased from his web store don't meet expectations. What improvement to the website will best help to solve this problem so customers know better what to expect when they buy items from his website
The improvement to this website that would best help to solve the problem so that customers would know what best to expect are High-quality product photos.
The issue is that there is disconnection between what the customers see and what they get.
In order to meet with customer complaints, Marcus has to listen to the problems that they seem to be having.
Then he has to effect the required changes by creating a connection between what his customers see and what they get.
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Please help. I’m struggling. 20 points !!!!
To propose the idea of creating a partnership with another business, you will need to prepare
a formal business letter to send to the owner of Great BBQ, Hank White. This proposal should
introduce the following ideas:
Forming a partnership would allow both restaurants to sell the other's product and
merchandise.
The partnership would expand both of our businesses and customer base.
.
A more detailed meeting and presentation will follow if Great BBQ is interested.
Prepare a business letter to send to Great BBQ. (8 points)
Answer:
The letter could be somewhat like this:
Dear Hank White, CEO of Great BBQ
I am John Smith, I am the CEO of a meat distributor. I specialize in prime cuts like New York Ribeye, Tenderloin, and Wagyu Beef with the best Japanese Technique.
I am sure that as business partners, we both could do better than we do right now. I have the best raw material for your restaurant business, and you have the BBQ expertise and knowledge.
I would appreciate if you considered this letter, you can call me any time if you want to discuss further, or write me an email-.
Sincerely
John Smith
give 5 reasons for the elimination of middleman
Eliminating middlemen in supply chains can have several benefits, including cost reduction, improved efficiency, enhanced quality control, direct communication, increased profits.
Cost Reduction: By removing middlemen, businesses can reduce the number of intermediaries, leading to decreased costs. This enables companies to offer more competitive prices, potentially attracting more customers.Improved Efficiency: With fewer intermediaries, the supply chain becomes more streamlined, allowing for faster and more efficient delivery of goods and services. This can lead to increased customer satisfaction, as consumers receive their desired products or services in a more timely manner.Enhanced Quality Control: When businesses deal directly with manufacturers or suppliers, they have better oversight of the production process, ensuring the quality of the products they sell. This can help to maintain or improve the reputation of a brand or company.Direct Communication: Eliminating middlemen enables businesses to communicate directly with suppliers and customers, fostering stronger relationships and better understanding of the needs and desires of both parties. This can lead to improved products and services, as well as greater customer loyalty.Increased Profits: By reducing costs and increasing efficiency, businesses can potentially experience higher profit margins. With fewer intermediaries to pay, the company can keep a larger share of the revenue generated by its products and services, allowing for reinvestment or distribution to stakeholders.Learn more about middlemen:
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The exchange rate between non-fixed currencies continuously fluctuates. The following chart shows the exchange rate of the pound sterling to the Japanese yen over a period of six days. Day £:¥ Monday 1:141.014 Tuesday 1:138.650 Wednesday 1:149.890 Thursday 1:144.209 Friday 1:148.176 Saturday 1:143.008 Tina has £72.90 to turn into yen. How much greater is the amount of yen she would receive if she made her trade on the most favorable day than if she made her trade on the least favorable day
Answer: D
Explanation: just took it
The greater the amount she would receive if she traded on the most favorable day as opposed to the least favorable day is ¥819.396.
What is the difference in the value of the trade?Exchange rate is the amount of one currency that is traded for another currency.
The most favorable time that the trade can be executed in when the yen has the highest value while the most unfavorable time the trade can be executed is when the yen would have the lowest value.
Most favorable trade : £72.90 x 149.890 = 10,926.98Least favorable trade: £72.90 x 138.650 = 10,107.59Difference in trade = 10,926.98 - 10,107.59 = 819.396To learn more about exchange rate, please check: https://brainly.com/question/25780725
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A Canadian manufacturer imports three parts from different countries. It assembles the three parts into a finished item that is then exported to the United States. Every transaction always involves 25000 units. Expenses average $6.25 per unit. Costs and exchange rates are as follows: Price per unit Exchange Rate per C$ Part A ¥1,500 ¥107.9420 Part B AU$14.38 AU$1.1319 Part C €10.73 €0.6808 Finished product for export US$59.45 US$0.9787 Express each in Canadian Dollars The cost of purchasing 25000 units of Part A is C$ 13.8963 The cost of purchasing 25000 units of Part B is C$ 12.7043 The cost of purchasing 25000 units of Part C is C$ 15.7608 The cost per unit for the parts is C$ , which means the total cost per unit is C$ The Markup in US$ is US$ which is % as a percent (2 decimal places) with respect to the cost. (Note: Make sure both dollar values are in the same currency) When an invoice is generated, the following terms are offered: 2/10, n/30 ROG What would the purchaser pay in C$ if they paid the full amount one week after delivery? C$ What is the profit in C$ per unit after this discount? C$ If the purchaser pays half of the invoice 7 days after delivery (invoice amount/2) and the remainder on day 28 after delivery, How much is the second payment in C$? C$ How much was saved in US$? US$
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Amount saved in US$ is US$ 76,326.046. To calculate the cost per unit for the parts, you can add up the costs of all three parts and divide by total number of units.
The cost of purchasing 25000 units of Part A is C$ 13.8963. The cost of purchasing 25000 units of Part B is C$ 12.7043. The cost of purchasing 25000 units of Part C is C$ 15.7608.
To calculate the cost per unit for the parts, you can add up the costs of all three parts and divide by the total number of units:
Cost per unit = (Cost of Part A + Cost of Part B + Cost of Part C) / Total number of units
In this case, the total cost of the three parts is C$ 13.8963 + C$ 12.7043 + C$ 15.7608
= C$ 42.3614.
Therefore, the cost per unit for the parts is C$ 42.3614 / 25000
= C$ 0.001694456.
To calculate the total cost per unit, you need to add the cost per unit for the parts to the average expenses per unit:
Total cost per unit = Cost per unit for the parts + Average expenses per unit
In this case, the average expenses per unit is $6.25.
Therefore, the total cost per unit is C$ 0.001694456 + C$ 6.25
= C$ 6.251694456.
The Markup in US$ is US$59.45 - US$6.251694456
= US$53.198305544.
To calculate the markup percentage, you can use the formula:
Markup percentage = (Markup in US$ / Cost) * 100
In this case, the markup percentage is (US$53.198305544 / US$6.251694456) * 100
= 849.900787%.
Now let's calculate the amount the purchaser would pay in C$ if they paid the full amount one week after delivery.
The terms of the invoice are 2/10, n/30 ROG. This means that if the purchaser pays the full amount within 10 days, they will receive a 2% discount. If they do not pay within 10 days, the full amount is due within 30 days.
To calculate the amount the purchaser would pay if they paid the full amount one week after delivery, you need to subtract the discount from the total amount:
Amount to pay = Total amount - Discount
In this case, the total amount is C$ 6.251694456 * 25000 = C$ 156,292.362.
The discount is 2% of the total amount, so it is (2/100) * C$ 156,292.362 = C$ 3,125.84724.
Therefore, the amount the purchaser would pay in C$ if they paid the full amount one week after delivery is C$ 156,292.362 - C$ 3,125.84724
= C$ 153,166.5158.
To calculate the profit in C$ per unit after this discount, you need to subtract the cost per unit from the selling price per unit:
Profit per unit = Selling price per unit - Cost per unit
In this case, the selling price per unit is C$ 6.251694456.
Therefore, the profit per unit after this discount is C$ 6.251694456 - C$ 6.251694456 = C$ 0.
If the purchaser pays half of the invoice 7 days after delivery and the remainder on day 28 after delivery, the second payment would be half of the total amount:
Second payment = Total amount / 2
In this case, the total amount is C$ 156,292.362.
Therefore, the second payment would be C$ 156,292.362 / 2 = C$ 78,146.181.
To calculate how much was saved in US$, you need to convert the second payment from C$ to US$ using the exchange rate for the finished product:
Amount saved in US$ = Second payment in C$ * Exchange rate for the finished product
In this case, the exchange rate for the finished product is US$0.9787.
Therefore, the amount saved in US$ is C$ 78,146.181 * US$0.9787
= US$ 76,326.046.
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which part of our body is affected by plogue pose?
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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True or False: Labor is usually your lowest expense.
Answer:
False, if your talking about workinghard it is false bc you could break a bone or worse in the work of labor
False, still bc if your talking about having a child than your losing a lot of blood and pain is coming from it
so eathier way u go its still false
hoped this helped let me know if it did
Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
If a firm wants to cut its costs through more efficient production, we should assume that the firm is trying to:
fire its employees.
a.increase its profits.
b.eliminate its competition.
c.buy back its stock.
d.gain control over its market.
When a firm aims to cut costs by becoming more efficient, it is usually trying to increase its profits. It is critical to note that a firm wants to maintain its current productivity levels while lowering the cost of production by becoming more efficient.
Therefore, the correct option is a, "increase its profits."In the business world, profit is a critical factor. A company will generate a profit by lowering costs and increasing revenue. To minimize costs, a business may cut employee benefits, reduce office expenditures, or become more effective in manufacturing.The firm could attain a more efficient production process in a variety of methods. It could, for example, outsource to lower-cost nations, automate parts of its production process, or increase the efficiency of its workers.
The goal of these measures is to cut the costs of production while preserving the same level of output.The term "efficient" means achieving maximum productivity with minimum waste of time, money, and other resources. A firm that has accomplished this will have an edge over its competitors, which will help it expand its market share and profits.
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A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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In the computation of basic earnings per share, a company will use the: beginning-year common shares outstanding weighted-average preferred shares outstanding year-end common shares outstanding weighted-average common shares outstanding
In the computation of basic earnings per share, a company will use the weighted-average common shares outstanding. Therefore, option D is correct.
Weighted-average common shares outstanding refers to a method used to calculate the number of shares of a company's common stock that are considered in the earnings per share (EPS) calculation.
It takes into account any changes in the number of shares outstanding throughout the reporting period by assigning different weights to each period based on the time the shares were outstanding.
This approach provides a more accurate representation of the company's EPS because it considers the fluctuating number of shares and the time period they were outstanding, giving more weight to periods with higher share counts.
It is a commonly used method to account for the potential dilution or increase in shares during the reporting period.
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Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
a. True
b. False
What is the definition of hangry my friend keeps saying it but i dont understand
Answer:
hangry is when you feel hungry and angry at the same time
Explanation:
basically, your angry because of the fact that your hungry
In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and _____ interst rates.
Answer:
increase, decrease, decrease
Explanation:
Helpp plz Calculate this mortgage payment.