D.) Empowerment because it's the ability to make changes to improve other peoples lives.
<span>This is a variable-rate loan. The interest rate changes due to market variations and the rates associated with the market. Some months can have higher rates (and thereby, payments), while other months could be the same or lower, leading to slightly lowered payments.</span>
<u>Solution and explanation</u>
Present value of the $1,500 monthly payments is
PMT $1,500
Annual Rate 6.05%
Number of period (NPER) 420
Present value Annuity (PVA) (calculated in excel using PV function) $261,528.41
$261,528.41
Cost of Home $310,000
Amount of principal still owe = $310,000 - $261,528.41 $48,471.59
Balloon payment in 35 years, which is the FV of the remaining principal =
Present Value $48,471.59
Annual Rate 6.05%
Number of period (NPER) 420
Future Value (calculated in excel using FV function) $400,677.90
Balloon payment = $400,677.90
TRUE. According to the text, a common factor that emerges when talking with students who have succeeded in selecting appropriate speech topics is that they start looking for a topic as soon as they receive the assignment.
Answer:
$125,590
Explanation:
Calculation for the pension expense for the year
Service cost$94,000
Add Interest cost (810,000 × 10%) $81,000
Less Expected return on plan assets ($49,410)
(549,000 × 9%)
Pension expense $125,590
Therefore the pension expense for the year is $125,590