Suppose you take out a $100 000，20-year mortgage loan to buy a condo.The interest rate on

the loan is 6%，and to keep things simple，we will assume you make payments on the loan annually at the end of each year. 1）What is your annual payment on the loan？ 2）What fraction of your initial loan payment is interest？And the second payment？

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更多“Suppose you take out a $100 00…”相关的问题

第1题

When you apply for a loan for your ear, short-term loans with the same interest rate ______.

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第2题

If you want to buy a car and may not have money on hand, you can make your ___ out of future income.

A.buy

B.purchase

C.trade

D.exchange

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第3题

From reading the prior year audit file you have ju...

From reading the prior year audit file you have just realised that Mason funded the original purchase of each aircraft with a secured loan carrying substantial interest charges. The loan is in the process of being renegotiated and the bank have indicated that finance costs will increase further. Furthermore, the directors have told you that Mason’s contract with the police force expires in March 20X4, at a time when the police are trying to substantially reduce the amount they pay in the wake of government cuts. It is thought that the contract will be put out to tender, and it is possible that another aircraft provider may also bid for the contract. From the above information, which is the MOST important audit risk that should be documented in the detailed audit plan?

A、Disclosure relating to the secured loan may be omitted from the financial statements

B、Mason’s going concern status may be at risk if the contract is not renewed

C、That interest charges may be understated

D、That the bank will rely on the audited financial statements when deciding whether to renew the loan

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第4题

When a process is in control, what do you want to do with the process?（）.

A.The process should not be adjusted

B.The process may be adjusted for continuous improvement

C.The process should be always adjusted for continuous quality

D.The process should be regularly adjusted

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