Answer: PMI will automatically be dropped when the balance reaches $117,000.
Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.
PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.
Annual rate of return uses a simpler calculation that does not require the use of annuity tables.
What is annuity tables?
A tool for calculating the present value of an annuity or other structured sequence of payments is an annuity table. In order to calculate how much money would be owed to an annuity buyer or annuitant, such a tool, used by accountants, actuaries, and other insurance experts, considers how much money has been invested in an annuity and how long it has been there.
A financial calculator or the software designed for this purpose can also be used to calculate the present value of any future annuity amount.
A tool for figuring out an annuity's present value is an annuity table.
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Of the five steps to the strategic marketing planning process, which step usually comes in the middle of the process "identifying and assessing possibilities."
<h3>What is strategic marketing planning?</h3>
Strategic Market Planning is a continuous process by which a company develops marketing strategies and plans their implementation in a target market.
Some key features regarding the strategic marketing planning are-
- The process, which takes into account the company's current position, aids in identifying and evaluating promotional opportunities.
- Comprehensive research is used to identify the target market.
- Marketing is a complex process that cannot usually be planned in a short period of time.
- Strategic market planning encompasses numerous parameters to plan based on the target market and takes a long-term and short-term view of the market.
- Strategic market planning can be used to achieve a variety of marketing goals such as increasing market share, launching new products, conducting market research, and so on.
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Answer:
True
Explanation:
Welfare is a general term for economic and social assistance programs.
Answer:
A local government requires that all businesses within the city limits must recycle or be fined. EXTERNAL FACTOR NOT CONTROLLED BY THE COMPANY, THIS IS A TYPE OF GOVERNMENT REGULATION.
Explanation:
- Shareholders are rewarded with a sizeable dividend check. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
- A hiring freeze is put into place. Although no one is fired, no one can be hired. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
- A goal is set to close the gap between production costs and profits. INTERNAL FACTOR CONTROLLED BY THE COMPANY.
- The firm buys its own fleet of trucks, so it no longer needs to hire a trucking company for distribution. INTERNAL FACTOR CONTROLLED BY THE COMPANY.