Morgan will get $1600 with the process of simple interest.
<h3>what is simple interest?</h3>
Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 12%
principal = $1000
Time = 5 years
Simple interest
Now amount = 1000+600 = 1600.
Therefore, Morgan will get $1600.
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Answer:
$113,465
Explanation:
Calculation to determine difference in total dollars that will be paid to the lender under each loan
First step is to Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month
$100,000 = PMT([1 / (0.0075)] − 1 / {(0.0075)[(1.0075)]^30 × 12})
PMT = $804.62
Second step is to Calculate the difference in payments on a 15-year mortgage at an interest rate of .7% a month
$100,000 = PMT([1 / (0.007)] − 1 / {(0.007 )[ 1.007)]^15 × 12})
PMT = $ 978.87
Now let determine the Total difference
Total difference = ($804.62 × 12 × 30) − ($978.87 × 12 × 15)
Total difference= $113,465
Therefore difference in total dollars that will be paid to the lender under each loan is $113,465
Answer:
Market price of Bond = $4603.116669 rounded off to $4603.12
Explanation:
To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 5000 * 0.0363 * 1/2 = $90.75
Total periods (n)= 23 * 2 = 46
r = 4.17% * 1/2 = 2.085% or 0.02085
The formula to calculate the price of the bonds today is attached.
Bond Price = 90.75 * [( 1 - (1+0.02085)^-46) / 0.02085] + 5000 / (1+0.02085)^46
Bond Price = $4603.116669 rounded off to $4603.12
Any individual who purchases products or services for his private use and not for manufacturing or resale exists named a consumer.
<h3>
What is the meaning of consumers?</h3>
Any individual who purchases products or services for his private use and not for manufacturing or resale exists named a consumer. A consumer stands as the decision-maker whether or not to buy an object at the store or someone who is affected by advertisement and marketing. A consumer exists someone who buys items for a non-commercial meaning, either for themselves or for others. Companies utilize consumer marketing movements to sell to consumers. Campaign messaging concentrates on both acquiring potential customers and retaining recent customers.
At Gorton’s Seafood, we have been delighting consumers with our delicious frozen seafood products for years. However, frozen prepared seafood includes the opportunity to achieve better with Millennial & Gen Z consumers. To obtain consumers into the frozen seafood aisle at the grocery store, we stand seeking concepts for frozen seafood “mash-ups” where Gorton’s can partner with another brand, influencer, or celebrity to make an offering that would be more enticing, compelling, and tasty to younger consumers.
The brand partnership should be front and center in these product concepts. An example could be a Gorton’s & Sam Adams beer-battered cod fillet that utilizes Sam Adams beer in the batter, a Heinz ketchup-infused layer that adds a sweet bite, or a Lady Gaga-inspired salmon. The possibilities exist endless and we stand excited to see what original and innovative ideas you come up with!
MindSumo hosts challenges for Frozen Seafood Manufacturers and over 250 other companies to assist develop unique ideas and insights from a community of over 700k millennial.
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Answer:
the type of product affects the buying conclusions that a person makes
