Based on the information given regarding the mortgage, the true statement will be that each of their payments is for the same amount.
A fully amortized payment simply means a payment where the individual makes every payment according to the schedule of the loan.
A fully amortized payment is a periodic repayment of a debt. Since Karen and Al obtained a 30-year fixed-rate fully amortized loan when they purchased their home, they'll pay the same amount monthly.
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Answer:
When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.
so it is true
Explanation:
Answer:
The correct answer is the option B: A risk response is part of the actual implementation plan and action is taken before the risk can materialize, while a contingency plan goes into effect only after the risk has transpired.
Explanation:
On the one hand, a <em>risk response</em> involves the process of controlling risks that are already known by the people who make the plan in the first place and therefore that this type of concept includes the idea of doing something before the worst happen and therefore to avoid the risks.
On the other hand, a <em>contingency plan</em> involves the process of planning for an unexpected situation that did not happen before and was not established in the original plan, therefore that this type of concept includes the idea of acting over the margin due to the exceptional situation that occurs.
Answer:
It will increase the income inequality between the low income earners and the high income earners.
Explanation: Income inequality is a term used to describe the Difference or gap between income earners within a given economy. If the rate of increase of income is higher for the low income earners than for the high income earners it will help to reduce the inequality gaps between both classes. But when the rise is more for high income earners than for low income earners it will increase the inequality gaps between both classes.
It is a fuse.
A fuse will melt and disconnect the circuit if the current in the circuit becomes dangerously high (according to Physics 1)
