Answer:
$190,308.61
Explanation:
Interest = 5% = 0.05
t = 30 yrs
Loan = 200000
Annual payment = 200000 * [0.05*((1 + 0.05)^30)/((1 + 0.05)^30-1)]
= 200000 * [0.05*((1.05)^30)/((1.05)^30-1)]
= 200000 * 0.035051435
= 13010.29
Since it is specifically mentioned the question to calculate monthly payments by dividing the annual payments by 12
Monthly payments = 13010.29 / 12 = 1084.19
Total amount paid in 30 yrs = 13010.29 * 30 = 390308.61
Total interest paid = total amount paid - total loan = 390308.61 - 200000 = 190308.61
Answer: 860
Explanation:
The gross domestic product is the value of the goods and services which are produced in a particular country from the year.
In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.
The GDP loss will be calculated as:
= [(0.75 × 9.8)/100 × 10,000] + 125
= [(7.35/100) × 10000] + 125
= [(0.0735) × 10000] + 125
= 735 + 125
= 860
Answer:
opportunity
Explanation:
In the scenario being mentioned, Serengeti has recognized an external market opportunity. This is when a company identifies a product/service that is potentially wanted or needed by consumers but is not being already supplied by other companies. This allows the identifying company to produce and provide that service, thus filling a niche that will generate large sales numbers due to them being the only providers. Which is what Serengeti wants to do with their sunglasses for fishing.
Answer:
False
Explanation:
Financial freedom is when an individual can make decisions concerning finances without having to think about the implications of the decisions because the individual is financially prepared.
Financial freedom means that an individual controls his/her financaes and not the other way around.
So owing family members only doesn't is not financial freedom but instead, not owing at all is financial freedom. This is simply because, you have to make your financial decisons with respect to the fact that there is debt to be paid. This means you have a clause or constraint in your financial decisons and thus shows no freedom.
Cheers.
