Oppenheimer bank is offering a 30-year mortgage with an apr of 4.78 % based on monthly compounding. with this mortgage your monthly payments would be $ 2 comma 006 per month. in addition, oppenheimer bank offers you the following deal: instead of making the monthly payment of $ 2 comma 006 every month, you can make half the payment every two weeks (so that you will make 52 divided by 2 equals 26 payments per year). with this plan, how long will it take to pay off the mortgage if the ear of the loan is unchanged? note: make sure to round all intermediate calculations to at least 8 decimal places.

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate