In this scenario, Earl will make monthly payments of approximately $1095.57 for 24 months, with a total repayment amount of approximately $26,293.68.
To calculate the monthly payments and the total amount repaid, we can use the formula for the monthly payment on a loan:
Monthly payment = (Loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
Loan amount = $23,000
Interest rate = 12% per year (compounded monthly)
Number of months = 24
Increase in payment = $300 per month
First, let's calculate the monthly interest rate:
Monthly interest rate = (Annual interest rate / 12) = (12% / 12) = 1% or 0.01
Now, let's calculate the first monthly payment:
Monthly payment = (Loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
Monthly payment = (23000 * 0.01) / (1 - (1 + 0.01)⁻²⁴)
Monthly payment ≈ $1095.57
Now, let's calculate the total amount repaid over the 24 months:
Total amount repaid = Monthly payment * Number of months
Total amount repaid = $1095.57 * 24
Total amount repaid ≈ $26,293.68
To know more about loan, refer to the link below:
https://brainly.com/question/30793823#
#SPJ11
Explain how finance and accounting work together.
Answer:
Finance and accounting work together to help businesses manage their money and make informed financial decisions. Finance is concerned with the management of money and investments, while accounting is concerned with the recording, summarizing, and reporting of financial transactions.
Accounting provides the financial information that finance professionals need to make decisions about things like investing, budgeting, and forecasting. Accounting records and tracks financial transactions, and produces financial statements like balance sheets and income statements.
Finance professionals use this information to make decisions about how to allocate resources, invest money, and manage risk. They may also be involved in managing the company's cash flow, analyzing financial data to identify trends and opportunities, and developing financial strategies to help the company achieve its goals.
In summary, accounting provides the data and information that finance professionals use to make informed decisions about how to manage the company's money, while finance is responsible for using that information to make strategic decisions about the company's financial future.Finance and accounting work together to help businesses manage their money and make informed financial decisions. Finance is concerned with the management of money and investments, while accounting is concerned with the recording, summarizing, and reporting of financial transactions.
Accounting provides the financial information that finance professionals need to make decisions about things like investing, budgeting, and forecasting. Accounting records and tracks financial transactions, and produces financial statements like balance sheets and income statements.
Finance professionals use this information to make decisions about how to allocate resources, invest money, and manage risk. They may also be involved in managing the company's cash flow, analyzing financial data to identify trends and opportunities, and developing financial strategies to help the company achieve its goals.
In summary, accounting provides the data and information that finance professionals use to make informed decisions about how to manage the company's money, while finance is responsible for using that information to make strategic decisions about the company's financial future.
A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
Workers typically get dirty if they work at a job site for
both the Construction and Design pathways.
both the Construction and Maintenance pathways.
the Maintenance pathway only.
the Design pathway only.
Answer:
b
Explanation:
B
who are the key stakeholders in this setting and what are their needs related to ethical and corporate social responsibility (csr)?
In order to determine the key stakeholders and their needs related to ethical and corporate social responsibility (CSR), we must first identify the setting. Without further context or information, it is difficult to provide a specific answer.
What do you mean by corporate social responsibility ? However, in general, stakeholders can include employees, customers, shareholders, suppliers, the local community, and the environment.
Employees may require fair treatment, safe working conditions, and opportunities for growth and development. Customers may value ethical and sustainable practices, as well as transparency in business operations. Shareholders may prioritize profitability and responsible financial management.
Suppliers may seek fair and timely payments, as well as ethical sourcing practices. The local community may expect businesses to be good neighbors and contribute to social and environmental causes. The environment may require responsible resource management and sustainable practices.
Ultimately, the specific needs and expectations of stakeholders will depend on the industry, business model, and specific circumstances of the setting in question.
To know more about corporate social responsibility visit:
https://brainly.com/question/30300896
#SPJ11
my boss just took 70 dollars out of my paycheck and he said, "i cant believe you yelled at one of our costumers." and I have no idea what he is talking about. Is this something i should take to the owner of the store?
Assume that stock prices and home values have increased, raising household wealth. At the same time, productivity increased due to new technology. What is the likely short-run impact on the economy?.
In the short term, some business economy inputs will be set at some time in the future while others will be flexible depending on the state of the economy. "Short run," as in.
The idea that an economy would act differently depending on how much time it had to process new information and react to it is known as time preference in economics. Short-term/in actuality short-run growth is driven by an increase in aggregate demand. The four pillars of AD (consumer, investment, government, and net trade) are interdependent, therefore any change to one of them will have an impact on economy growth.
To learn more about short run, click here.
https://brainly.com/question/17088576
#SPJ1
WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C
Answer:
B
C
A
Explanation:
Answers:
1.B
2.C
3.A
.....
assume that big chicken grower (bcg) is sued in a court of equity and the court issues a temporary injunction against bcg to prevent it from discharging waste water from its processing plant into the local river. this temporary injunction is an example of a (n) .
This interlocutory decree is an illustration of a temporary injunction.
A judicial ruling that is not final or that deals with a matter unrelated to the main issue in the current debate is known as an interlocutory decree.
For instance, a judicial judgement declaring the parties' divorce provisionally.
But deferring the dissolution of the marriage until a specific time period is known as an interlocutory decree of divorce in the United States or a decree nisi in England.
In order to prevent hasty and simple divorce, promote reconciliation, and allow the court to oversee the arrangements to be made for the couple's children, such a period of time is required.
To know more about the Interlocutory decree visit:
https://brainly.com/question/24173856
#SPJ4
Can someone please help?
Answer: B
Explanation:
the _____ includes identifying all target markets, most notably consumer and business-to-business market segments.
The term you are looking for is "market segmentation." Market segmentation can encompass both consumer markets (B2C) and business-to-business (B2B) markets.
Market segmentation involves dividing a broad market into distinct and identifiable groups of consumers or businesses that share similar characteristics, needs, or preferences. It is a strategic process that helps organizations understand their target markets more effectively and tailor their marketing efforts to specific segments.
Market segmentation can encompass both consumer markets (B2C) and business-to-business (B2B) markets. It involves analyzing various demographic, psychographic, behavioral, and geographic factors to identify different segments within the larger market. By segmenting the market, organizations can develop more targeted marketing strategies, messages, and offerings that resonate with the specific needs and preferences of each segment.
Through market segmentation, organizations can allocate resources more efficiently, focus their marketing efforts on the most promising segments, and improve their overall marketing effectiveness. It enables organizations to better understand their customers and deliver more personalized and relevant experiences, ultimately leading to increased customer satisfaction and market success.
Learn more about "market segmentation." here:
https://brainly.com/question/29388324
#SPJ11
Over the past year, lonia's money supply increased by $6 billion, $4 billion in bonds were sold to the public, an unused military base was sold for $3 billion, and the government spent $20 billion. lonia had a budget O surplus O deficit Determine the amount of lonia's budget deficit or surplus. S-20 billion Determine the amount of lonia's tax revenue for the year. billion
Lonia had a budget deficit of $11 billion for the year. This is because while the money supply increased by $6 billion, the government also sold $4 billion in bonds to the public, sold an unused military base for $3 billion, and spent $20 billion. Therefore, the total revenue generated from these sources was $13 billion, while the government spending was $20 billion, resulting in a deficit of $11 billion.
To calculate the amount of lonia's tax revenue for the year, we need to subtract the revenue generated from other sources from the total government spending. So, lonia's tax revenue for the year would be $7 billion, which is calculated by subtracting $13 billion (revenue from other sources) from $20 billion (total government spending).
lonia's budget deficit for the year was $11 billion, and the tax revenue generated was $7 billion. This implies that the government will need to find ways to reduce spending or increase revenue to address the budget deficit. One possible solution could be to increase tax rates or reduce unnecessary government spending to ensure that lonia's budget is balanced and sustainable in the long run.
to know about money supply visit:
https://brainly.com/question/30218160
#SPJ11
Which of the principles below does Val follow when she reviews her records to make sure that recorded accounting events correspond to the actual costs?A. Time period principleB. Measurement principleC. Full disclosure principleD. Matching principle
D. Matching principle This principle helps maintain consistency and reliability in financial reporting,
Val follows the matching principle when she reviews her records to ensure that recorded accounting events correspond to the actual costs. The matching principle states that expenses should be recognized in the same period as the revenues they help generate. By applying this principle, Val ensures that costs are accurately matched with the revenues they are associated with, providing a clear and accurate representation of the company's financial performance. This principle helps maintain consistency and reliability in financial reporting, allowing for meaningful analysis and decision-making based on the recorded costs and revenues.
learn more about financial here:
https://brainly.com/question/28319639
#SPJ11
Auditors focus more on testing the ____ of a company's blockchain processes and technology than on verifying the ___ of its output.
Auditors focus more on testing the effectiveness of a company's blockchain processes and technology than on verifying the accuracy of its output: effectiveness; accuracy.
An auditor can be defined as an authorized individual who is saddled with responsibility of performing the following acts:
Reviewing and examining business financial records or blockchain processes.Verifying the authenticity of business financial records or blockchain processes.Testing the accuracy of a blockchain outputs.Testing the effectiveness of a blockchain processes and technology.Basically, an auditor is more focused on testing the effectiveness of a company's blockchain processes and technology than on verifying the accuracy of the blockchain's outputs.
Read more: https://brainly.com/question/24317218
Listed below are selected line items from the Cost of Quality Report for Watson Products for last month.
Category Amount
Rework $725
Equipment maintenance 1,154
Product testing 786
Product repair 695
What is Watson's total prevention and appraisal cost for last month?
Answer:
$1,940
Explanation:
Prevention cots are the costs incurred before the actual production in the design and implementation phase to prevent problems associated with the quality of a product . Examples are the training and the development cost.
Appraisal cost are quality control cost incurred after production but before products are dispatched to the customers , meant to ensure that the products meet up with the required standard to satisfy customers need. Example are the testing and the inspection test.
The total prevention and appraisal cost for last month for Watson are
Prevention cost -
Equipment maintenance - 1,154
Appraisal cost
Product testing - 786
Total 1,940
In a 200 word response, answer the following question:
How do political, legal and economic forces shape national culture? What characteristics of national culture do you think have the most important effect on how successful a country is in doing business abroad?
Political, legal, and economic forces play an essential role in shaping national culture. National culture has many characteristics that impact how successful a country is in doing business abroad.
Political forces include the government and political structure of a country. Laws and regulations created by the government shape a country's national culture. Legal forces determine what is acceptable and not acceptable behavior. This impacts how businesses conduct themselves in foreign countries.
The economic forces that shape national culture are related to how a country's economy is structured. A country's economy may be based on agriculture, manufacturing, or services. The way a country's economy is structured will affect how successful its businesses are in foreign countries. For example, a country that relies on agriculture may have a difficult time selling its products in countries that do not need or want them.
Culture plays an important role in determining how successful a country is in doing business abroad. The culture of a country includes its values, beliefs, and customs.
To know more about essential visit:
https://brainly.com/question/3248441
#SPJ11
An account into which a person deposits money and then can withdraw funds by making a written order to the bank instructing it to pay money from the account to another person or a business is known as
a. a savings account.
b. achecking account.
c. a cashier's account.
d. a credit account.
what is transactions amount
Answer:
Transaction Amount means the total amount due to the state for any goods, service or license or anything else of value.
Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it." The company has worked to keep control of the business in the family. The vice president of operations, Cooper Skot, is Dalton's brother, and the new product development manager is his sister, Sloan Skot. Dalton and Cooper have big plans to grow the company by 50 percent over the next five years. Sloan says her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Some of her special project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
The matchup are:
Mission Statement: His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.
Vision Statement: To grow the company by 50% over the next five years.
Strategic Planning: To achieve the goal of growing the company by 50% over the next five years.
Tactical Planning: Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years.
Operational Planning: Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
What is the mission statement?In this text, the importance of mission and vision statements, as well as the three levels of planning, is discussed in the context of a fishing lure production company led by CEO and president Dalton Skot. The company's mission is to provide professional-quality products accessible to recreational anglers without sacrificing their retirement savings.
Therefore, The vision is to help every person reach their highest fishing potential. The company has been successful in keeping control of the business within the family, with Dalton's brother Cooper serving as the vice president of operations and his sister Sloan serving as the new product development manager.
Learn more about mission statement from
https://brainly.com/question/30529938
#SPJ1
See text below
Fundamentals of Planning A mission statement expresses an organization's reason for being. A vision statement expresses what an organization wishes to become. These mission and vision statements then drive strategic planning, tactical planning, and operational planning. This activity is important because proper planning is essential for providing an organization with the direction and momentum it needs to reach its goals and develop a sustainable competitive advantage. points Skipped eBook The goal of this exercise is to help you to recognize what mission and vision statements, and the three levels of planning, look like in action, and to see how they relate to one another in an organization. References Dalton Skot is the CEO and president of a midsize fishing lure production company. The company has been very successful since its founding five years ago. Dalton has stated that his company makes professional-quality products that are accessible to the recreational angler. A recent article in a popular business magazine quoted him as saying, "The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.". It looks like the company has done some serious planning to support its "tall tale" of success. Match each term with the correct statement or level of management planning. Tactical Planning N Vision Statement Mission Statement Operational Planning Strategic Planning paints Skipped Match each of the options above to the items below. eBook References His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down. Match each of the options above to the items below. His company makes professional-quality products that are accessible to the recreational angler. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it. To grow the company by 50% over the next five years Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
Products in the Blank______ stage of the product life cycle tend to consume a disproportionate share of management and financial resources relative to their future worth.
Answer:decline
Explanation:
products in the DECLINE stage of the product lifestyle tend to consume
A ground-dwelling plant grows along a chain-link fence
Answer: Very instresting?
Explanation:
how can self-awareness help an entrepreneur to be successful?
Answer:
If you know your skills and how you best work it can help you better shape the around you to be the best outcome for you,
Trading in foreign currency options would most likely be: __________
a. an appropriate hedging tool for individual investors who want to hedge the risk on specific U.S. exchange-listed stocks.
b. a multinational corporation.
c. someone traveling on vacation for two weeks abroad.
d. a firm in the import and export business.
There are different kinds of trade. Trading in foreign currency options would most likely be an appropriate hedging tool for individual investors who want to hedge the risk on specific U.S. exchange-listed stocks.
Currency option hedgesCurrency option hedges are known to be tools that are used in international business.An example, when an American importer is said to agree to buy some food equipment from a Chinese manufacturer at a later future date. The transaction will be carried out in Chinese currency.
The American importer has therefore made an hedge by buing currency options on the Chinese currency.
Learn more about trade from
https://brainly.com/question/4957225
Why miscommunication and misunderstanding happen
Answer:
misunderstanding happens due to the distance . misunderstanding happen due to lack of time to solve problem . misunderstanding happens due to third person between two persons . misunderstanding happens due to the virtual world .
Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.
C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.
Answer:
2, 3, 5
Explanation: your welcome, love.
Every Business, Management, and Administration work employee are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options
Who is Management and Administration worker ?An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.
Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.
Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.
Learn more about Management Employee here
https://brainly.com/question/13993908
# SPJ 5
What is the purpose of a w-4 form, and when do you receive it?.
Answer: to let your employer know how much money to withhold from your paycheck for federal taxes.
Explanation: Your employer should provide a W-4 form when you are hired.
What are vesting rights? Question 33 options: the ability of retired employees to retain their seniority if they return to work at their former employer a government commitment to provide retirement benefits to all U.S. workers the designation that retired workers will receive cost-of-living increases as part of their monthly pension checks the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer the ability of younger workers to move their retirement savings to another account after leaving a specific employer
Answer:
the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Thus, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
Vested rights can be defined as an unconditional right belonging to an individual as a property interest and as such cannot be denied, impaired or taken away from him or her. Thus, these rights are generally enforceable claims under the law.
Hence, vesting rights is the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer.
Henry wrote 24 checks in April. The bank charges $0.15 a check.
The monthly service charge for the checking account is $5. What
is the total of the fees Henry pays in April on his checking
account?
Answer: $8.60
Explanation:
Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:
= 24 × $0.15
= $3.60
Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:
= $5 + $3.60
= $8.60
Therefore, the total amount that Henry will pay will be $8.60.
an aging of a company's accounts receivable indicates that $10,000 are estimated to be uncollectible. if allowance for doubtful accounts has a $1,100 credit balance, the adjustment to record bad debts for the period will require a group of answer choices debit to bad debts expense for $10,000. debit to allowance for doubtful accounts for $8,900. debit to bad debts expense for $8,900. credit to allowance for doubtful accounts for $10,000.
debit for \($10000\) to Bad Debt Expense and debit for \($8900\\\) to Bad Debt Expense.
A receivable that may eventually turn into a bad debt is known as a doubtful account or uncertain debt. Establishing a provision for doubtful accounts is crucial for your balance sheet and revenue statement if customers make purchases on credit.
It is documented under assets as a reduction after the accounts receivables line and is created in a reserve account, also referred to as a contra account, which lowers your accounts receivables. Calculate the amount of receivables that could turn into bad debts over a specific period of time and apply that amount to your reserve account.
debit to Bad Debt Expense for\($10000\\\)
debit to Bad Debt Expense for \($8900.\\\)
credit to Allowance for Doubtful Accounts for \($10000.\\\)
debit to Bad Debt Expense for\($11100.\)
Learn more about Debt here:
https://brainly.com/question/31102427
#SPJ4
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
DO NOT ANSWER THIS ONE (I just added it for background information). I JUST NEED 2 AND 3 ANSWERED 1.You would like to buy a $320,000 condo in downtown Colorado Springs. If the bank will require you to provide a 20% down
payment, what will be the monthly payment on the 30yr mortgage, if the mortgage interest rate is 4.800%(M)? Answer in
dollars to two decimal places ($xxx.xx).
2. (ANSWER PLEASE) Regarding your condo, ten years go by. What is the Remaining Loan Balance on the Mortgage? Answer in dollars to no
decimal places ($xxx).
3. (ANSWER PLEASE) Regarding your condo, ten years go by. Over this time, how much have you paid in total Interest on the Mortgage? Answer
in dollars to no decimal places ($xxx).
2, the remaining loan balance after 10 years is approximately $210,343.
3. after 10 years, the remaining loan balance on the mortgage is $210,343 and the total interest paid is $115,301.
2. To calculate the Remaining Loan Balance after 10 years, first, we need to find the initial loan amount and monthly payment. For a $320,000 condo with a 20% down payment, the initial loan amount is $256,000 ($320,000 * 0.8). With a 30-year mortgage at a 4.8% interest rate, the monthly payment can be calculated using the mortgage payment formula:
Monthly Payment = P * (r(1+r)^n) / ((1+r)^n - 1)
Where P is the loan amount ($256,000), r is the monthly interest rate (0.048 / 12), and n is the total number of payments (30 years * 12 payments/year).
Using this formula, the monthly payment is approximately $1,341.32.
Next, we need to calculate the remaining loan balance after 10 years (120 payments). To do this, we can use the remaining balance formula:
Remaining Loan Balance = P * ((1 + r)^n - (1 + r)^p) / ((1 + r)^n - 1)
Where P is the initial loan amount, r is the monthly interest rate, n is the total number of payments, and p is the number of payments made (10 years * 12 payments/year).
Using this formula, the remaining loan balance after 10 years is approximately $210,343.
3. To calculate the total interest paid over 10 years, first find the total amount paid during this period:
Total Amount Paid = Monthly Payment * Number of Payments = $1,341.32 * 120 = $160,958.40
Now, subtract the principal paid over these 10 years:
Principal Paid = Initial Loan Amount - Remaining Loan Balance = $256,000 - $210,343 = $45,657
Finally, calculate the total interest paid:
Total Interest Paid = Total Amount Paid - Principal Paid = $160,958.40 - $45,657 = $115,301
So, after 10 years, the remaining loan balance on the mortgage is $210,343 and the total interest paid is $115,301.
To learn more about down payment, refer below:
https://brainly.com/question/29397199
#SPJ11