Answer and Explanation:
The computation is shown below:
As we know that
Monthly payment of a loan is given by
P = L [r(1 + r)^n] ÷ [(1 + r)^n - 1]
where,
P = Monthly payment = ?
r = Interst rate = 0.1 ÷ 12 = 0.00833
n = Term = 15 × 12 = 180
L = Loan amount = 900000
Now
P = $900,000 [0.00833(1 + 0.00833)^180] ÷ [(1 + 0.00833)^180 - 1]
= $9671.4461
Now
The Monthly payment for 30-year loan
P = $900,000[0.00833(1 + 0.00833)^360] ÷ [(1 + 0.00833)^360 - 1]
= $7898.1441
So,
Difference is
= $9671.4461 - $7,898.1441
= $1,773.3019
b.
Now
Total payment for 30-year loan is
= $7,898.1441 × 180
= $2,843,331.8871
And,
Total payment for 15-year loan is
= $9,671.4461 × 360
= $1,740,860.2907
So,
Difference is
= $2,843,331.8871 - $1,740,860.2907
= $1,102,471.60
i.e. option c
Answer:
In economics and political science fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.
Explanation:
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Answer and Explanation:
Ellen should look for job or business that is similar to his former work so that Ellen does the least harm so, Ellen must join a software company.
If Ellen left the company, Allen would have to make up for the loss of the company, but in this case the company has fired Ellen, due to which she will not have to pay any compensation.
<span>This is a tricky question, because
most of the answers provided are correct. For instance, by raising taxes, the
government drops down the demand rates, as well as by decreasing the money
supply (in that case, it also prevents economy from falling into an inflating
situation). As for balancing the budget, this economical move entails
decreasing the public expenditure and, therefore, contracting the demanding economical
figures too. </span>
In addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Given that industry has adopted proper guidelines and has all legal certifications.
We are required to tell another way to minimize legal risk and liability.
Legal risk and liabilities are those problems which should be avoided by a person or an institution.
One legal liability is to follow industry guidelines and having all certifications and the other one is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Hence in addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.
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