1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
4 years ago
5

Assume that Jocelyn is comparing two fixed-rate loan options, a 15 year and a 30 year mortgage. Both options have the same inter

est rate and amount borrowed. The 30 year, when compared to the 15 year loan will have a 1)_____________ monthly payment and a 2)___________ total cost when repayment is completed. Higher, Lower Lower, Higher Lower, Lower Higher, Higher
Business
2 answers:
wariber [46]4 years ago
8 0

The answer is: Lower;higher

Longer loan duration would provide more risk for the lender, Because of this, the annual interest rate for long term loans tend to be higher compared to short term loan.

When comparing  30 year loan and 15 year loan, the payment that Jocelyn will make for 30 year loan would be cheaper. But, since long term loan has higher annual interest rate, the accumulated cost would be higher when it reach maturity date.

Schach [20]4 years ago
6 0
<span>Assume that Jocelyn is comparing two fixed-rate loan options, a 15 year and a 30 year mortgage. Both options have the same interest rate and amount borrowed. The 30 year, when compared to the 15 year loan will have a lower monthly payment and a higher total cost when repayment is completed.

The longer the spread of an annuity payment the lower the monthly payment and the higher the total cost of the loan.
</span>
You might be interested in
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where
Viktor [21]

A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where

  • price = marginal cost
  • marginal revenue = marginal cost
  • marginal benefit = marginal cost

Option D

<u>Explanation: </u>

All of the options are true.

In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.

It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.

5 0
3 years ago
(CO I) Suppose in the spot market 1 U.S. dollar equals 1.60 Canadian dollars. Six month Canadian securities have an annualized r
Natali5045456 [20]

Answer:

U.S. dollar-Canadian dollar exchange rate is $1.5961

Explanation:

given data

1 U.S. dollar = 1.60 Canadian dollars

annualized return = 6%

annualized return = 6.5%

time = 180 day

to find out

what is the U.S. dollar-Canadian dollar exchange rate

solution

we know that 1 U.S. dollar equal to 1.60 Canadian dollars

and

exchange rate for 180 days is

exchange rate = Canadian dollar ×( 1 + canadian interest rate )  / ( 1+ US interest rate)   .....................1

put here all these value

exchange rate = Canadian dollar ×( 1 + canadian interest rate )  / ( 1+ US interest rate)

exchange rate = 1.60 ×( 1 + 0.03 )  / ( 1+ 0.0325)

exchange rate = 1.5961

U.S. dollar-Canadian dollar exchange rate is $1.5961

6 0
3 years ago
Phoebe, a manager at a firm, was conventional, resistant to change, and unimaginative. This implies that Phoebe possessed openne
Archy [21]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, if Phoebe would have openness to experience she would have known that all those characteristics that she does not possess in her personality are essential and quite critical to have in order to be a good manager of an organization and also in order to have openness to experience due to the fact that only the experience will tell that without all those a manager will eventually fail with no doubt. Therefore that she does not possess openness to experience because of the fact that she is conventional and resistant to change.

8 0
4 years ago
In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Michiga
lilavasa [31]

Answer:

A. $96

B. $228

C. $42

Explanation:

A. Calculation to determine the Amount of SUTA tax the company must pay to Nebraska on Porter's wages

SUTA tax =$3,000 x 3.2%

SUTA tax = $96

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $96

B. Calculation to determine the Amount of sUTA tax the company must pay to Michiganion Porter's wages

SUTA tax =($9,000 - $3,000 )x3.8%

SUTA tax =$6,000 x 3.8%

SUTA tax = $228

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $228

C. Calculation to determine the Amount of the net FUTA tax on Porters wages

Net FUTA tax=$7,000 limit) x 0.6%

Net FUTA tax = $42

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $42

3 0
3 years ago
Authors<br> d. p. rosenbaum and g. ganson concluded that the<br> d.a.r.e. program _________.
Pani-rosa [81]

Drug Abuse Resistance Education (D.A.R.E.) is a police officer-led  arrangement of classroom exercises that shows kids (normally in rudimentary or center school) how to remain tranquilize free and oppose peer weight.  

According to Rosenbaum and Hanson (1998), D.A.R.E has no critical in general effect on utilizing cigarettes or liquor  

They concluded that, Given the tremendous uses in time and cash required with D.A.R.E., no doubt proceeded with endeavors should center around different systems and projects that may deliver more significant impacts.

5 0
3 years ago
Other questions:
  • Suppose you are interested in studying whether scent affects spatial reasoning abilities. You decide to test spatial reasoning u
    15·1 answer
  • The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
    15·1 answer
  • In order to reduce demand for drugs there must be a symbiosis between ____________.
    11·1 answer
  • Which is NOT a positive reason for using a credit card to finance purchases? You will get charged high interest. You can buy som
    8·1 answer
  • Will’s Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and the adjusted basis of the la
    6·1 answer
  • Some people outside the United States say teens exposed to large doses of U.S. culture on MTV will identify less with their own
    15·1 answer
  • GUYS PLEASE HELP ME WITH FINANCIAL PLAN FOR COMPANY OF CONFECTIONERY PRODUCTS BASED ON COFFEE!!!!! 1)Set the price of product an
    14·2 answers
  • HELP PLS!!!! What is the organization for social workers?
    9·1 answer
  • Can someone please help what’s the answer
    6·1 answer
  • When you purchase an item,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!