Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Mortgages and Taxes Assignment (Total 40 Points) Question 1: (20 Points) a) You are purchasing a business building valued at $225,000. You can find a mortgage at 5% if you can put 20% down. You believe your business can support a $1,000 a month mortgage payment (not including taxes and insurance). Should you select a 25 year mortgage or a 30 year mortgage? Tell your reasons. b) If your yearly taxes for the building will be $2,500 and the insurance for the building will be $1,900 per year, what will the total of the PITI for the mortgage be? c) Compute what the unpaid principal balance will be after you've made three payments on the mortgage. d) What will the new annual taxes on the property be if the assessed valuation is 60% of purchase price and the new tax rate is 1.90 per $100 of assessed valuation? Question 2: (10 Points) a) Vonte Canyon, Arizona (a fictitious city) has a new budget of $89,895,000 to pay for police, fire, schools, and government, among other expenses. The total assessed valuation (based on 60% of market value) in the city is $7,899,023,000. Find the tax rate per $1,000 of assessed valuation b) Now find the taxes on a property that has an assessed valuation of $190,500. Question 3: (5 Points) a) Find the sales tax of a new above ground pool that you pay $10,500 for if the tax rate in your area is 8.9%. b) Find the marked price and tax for an $11 beer at the local football stadium, where the sales tax rate is 9.5%. Question 4: (5 Points) Research the excise tax for gasoline in the state in which you live. For example, a state may have excise taxes of between $0.283 cents per gallon to $0.363 cents per gallon, depending on the county you purchase your gas in. If the current price for a gallon of gas is $2.76, what percentage of each gallon of gas is the excise tax?
Explain the difference between the solution sets when a compound inequality contains the word "and" versus when the inequality contains the word "or".
The simplified expression should have no negative exponents.
A rectangular building lot measures 295 ft. by 438 ft. Find the number of acres in the lot. Round to two places after the decimal. Show all steps taken to find the solution.
A laboratory designed a radio telescope with a diameter of 380 feet and a maxium depth of 38 feet. The graph depicts a cross section of this telescope. Find the equation of the parabola?
a coin was randomly drawn from a bag and then replaced. after 300 draws,it was found that 45 pennies, 76 nickles, 92 dimes, and 87 quarters had been drawn. estimate the probability of drawing a quarter.
question the coordinates of xy of each point on thecircle above satisfy the x2 y2 25. line l is tangent to the circle
Assume S is a subset of the complex number set. Please make the explanations clear and give examples.
Determine the number of turns made by a wheel to cover a well known distance using perimeter of circle.
1 consider the vector field fx y xyix2j f1i f2j let c be the rectangle with vertices 0 0 3 0 3 1 and 0 1 let t
Evaluate the Area of under one arch of a cycloid using its integration
one operation of a mill is to cut pieces of steel into parts that are used in the frame for front seats in an
Construct the decision tree diagram and perform backward induction analysis to determine the optimal course of action if a net change in profits is the expected payoff.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd