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IRISSAK [1]
3 years ago
13

When obtaining a mortgage, in order to not be taken, paying a much higher rate than neccessary, which can easily cost well over

100,000 additional dollars over the life of the loan, the authors recommend getting a minimum of how many quotes?
Business
1 answer:
aniked [119]3 years ago
5 0

Answer:

The recommended minimum is "three" number of quotes.

Explanation:

While there is no limit to the number of quotes one should take, one must take at least three quotes to compare and make decision.

So, The recommended minimum is "three" number of quotes.

You might be interested in
Leigh Delight Candy, Inc. is choosing between two bonds in which to invest their cash. One is being offered from Hershey's and w
Firlakuza [10]

Answer:

Hersey's bond = $1125.513

Mars bond = $1172.259

Explanation:

Hersey bond;

Period(t) = 10years = 40(quartely)

Coupon (C) = $30

Rate (r) = 0.1 = 0.025(quarterly)

Pay at maturity(p) = $1000

Using the both present value (PV) and compound interest formula ;

PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]

PV = [30×(1-(1.025)^-40)÷0.025] + [1000÷(1.025)^40]

PV =( 753.083251562) + (372.4306236)

PV = $1125.513

Mars bond;

Period(t) = 20years = 80(quartely)

Coupon (C) = $30

Rate (r) = 0.1 = 0.025(quarterly)

Pay at maturity(p) = $1000

PV =[ C × (1 - (1+r)^-t) ÷ r] + [p ÷ (1 + r)^t]

PV = [30×(1-(1.025)^-80)÷0.025] + [1000÷(1.025)^80]

PV =(1033.55451663) + (138.704569467)

PV = $1172.259

5 0
3 years ago
The HR manager of Carl Investments, a share broking firm, has decided to arrange regular yoga classes for the employees of the f
tigry1 [53]

Answer:

collateral stress program

Explanation:

collateral stress program is program which is being implemented in organization to help employee cope with stress and anxiety.  

It has been seen that long working hours, increasing workload and uncertainty in roles and responsibilities accompanies with unbalanced work life balance has been affecting physical and mental well being of employee. This reduces the productivity of employee and organization. An organization is meant to take care of employees. Hence under such circumstances. Collateral stress program is being use dot help employees.  

Under this program, employees are made to learn stress management, health promoting program is conducted. Employees are given assistance of psychological expert to discuss their issues. Nowadays Yoga program is also used in organization to ensure overall being of employees.  

Hence any activity and event to ensure mental and physical well-being of employee constitute collateral stress program.

Since, in the problem stated above carl investment firm is introducing yoga classes for its employee to help in mitigating their stress. It comes under the purview of collateral stress program

8 0
4 years ago
The income statement for the month of June of Camera Obscura Enterprises contains the following information: Sales Revenues $7,0
Ivahew [28]

Answer:

a debit balance of $1,300

Explanation:

Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.

On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.

Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.

4 0
4 years ago
A stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent. what
Gelneren [198K]
A stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent. what must the beta of this stock be? (do not round intermediate calculations. round your answer to 2 decimal places,
4 0
4 years ago
When firms grow larger they sometime add many additional layers of managers between the top executives and the entry-level emplo
finlep [7]

Question:

When firms grow larger they sometime add many additional layers of managers between the top executives and the entry-level employees Because these managers not actually produce any output themselves, we expect more layers of management to lead to a:

A) Diminishing marginal return.

B) Increasing marginal returns.

C) Diseconomies of scale

D) Economies of scale

Answer:

The correct answer is C) Diseconomies of scale.

Explanation:

Too many layers of management, too little control, too many locations, and too many products are all recipes for a "diseconomies" of scale situation. There's a point at which average costs stop falling as production increases, which may also be the point at which costs start to rise as a result of this inefficiency.

Diseconomies of scale is a microeconomics principle which refer to the cost disadvantages that economic actors accrue due to an increase in organizational size or on output, resulting in production of goods and services at increased per-unit costs. The concept of diseconomies of scale is the opposite of economies of scale.

For example, if a product is made up of two components, solution A and Solution B, diseconomies of scale might occur if gadget B is produced at a slower rate than gadget A. This forces the company to slow the production of gadget A, increasing its per-unit cost.

Another example would be if the Human Resource Planning Unit goes on a recruitment spree without first planning the the workforce. This would result in diseconomies of scale and  may also be caused by the lack of proper coordination in a business where operational waste becomes the order of the day.

Cheers!

8 0
3 years ago
Read 2 more answers
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