Dagny Taggart has just purchased a home and taken out a $400,000 mortgage. The mortgage has a 30minusyear term with monthly payments and has an APR of 5.4%. Dagny's monthly payments are closest to: A. $1800 B. $1110 C. $2215 D. $2245

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)

Sole proprietorships produce more goods and services than does any other form of business organization.