Answer:
Mary can deduct $1,300 in year 1 for her points paid.
Explanation:
a) Data and Calculations:
April 1, Amount borrowed by Mary to refinance the original mortgage on her principal residence = $130,000
Payment of 1 points to reduce Mary's interest rate from 7% to 6% amounts to 1% of $130,000 = $1,300.
b) Mary paying 1 points is beneficial to her since her interest cost is reduced from 7% to 6%. This implies that her total finance cost at the end of the 30-year period will be reduced.
Answer:
The correct answer is bureaucratic.
Explanation:
Bureaucracy is the organization or structure that is characterized by centralized and decentralized procedures, division of responsibilities, work specialization, hierarchy and impersonal relationships. The term is used in sociology, in administrative science and, especially, in public administration. It could be defined as a set of techniques or methodologies arranged to learn or rationalize the external reality (to which it intends to control the central power) in order to know it and call it in a standardized or uniform way. A clear example of this characteristic of bureaucracies, particularly those of government, is the hiring and assignment or removal of personnel, that is, officials, according to explicit criteria and relevant to the performance of duties.
Answer:
annual rate of return = 54.55%
Explanation:
given data
gave to your cousin present value = $770
cousin give you future value = $1190
solution
we get here annual rate of return that is express as
annual rate of return =
- 1 ...................1
put here value and we get
annual rate of return =
solve it we get
annual rate of return = 54.55%
Answer:
P0 = $26.5925 rounded off to $26.59
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 is the dividend paid recently
D0 * (1+g) is dividend expected for the next period /year
g is the growth rate
r is the required rate of return or cost of equity
P0 = 2.69 * (1+0.038) / (0.143 - 0.038)
P0 = $26.5925 rounded off to $26.59
Answer:
Help a friend finish her college application
Explanation:
All these actions will help me activate my network :-
- Ask for an informational interview at your favorite company
- Get coffee with an alumnus from your high school
- Read a detailed book about your dream job
Except :-
- Help a friend finish her college application