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3 years ago

The final paragraph of a letter of application explains why you are writing the letter

Business

1 answer:

Ivan3 years ago

6 0

<h2>The given statement is false.</h2>

Explanation:

The reason for writing the letter comes always in the first.

The reader should first know, why the writer has written.

If the purpose of the letter is mentioned in the last, the reader wouldn't be interested and it is not the best practice also.

The last part should comprise of requesting, or re-insisting the purpose of the letter.

The middle paragraph should go in deeper by giving some proof or explaining the process in a descriptive manner.

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Cassidy is planning to obtain a loan from her bank for $210,000 for a new home. the bank has approved cassidy’s loan at a fixed

Grace [21]

Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.

<h3>What is the payment monthly?</h3>

The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.

<h3>What is a loan amortization schedule?</h3>

It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner

It is given that:

Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
A fixed annual interest rate of 2.7% compounded monthly for 15 years.

The formula is:

$P=F_{P} (i)/1-(1+i)^{-1}$

Plug all the values in the above formula:

$P=210000(2.7/12)/1-(1+(2.7/12)^{-15*12}$

$1420.

Hence,

Cassidy's approximate monthly payment stands at $1420.

To learn more about monthly payment, refer

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Marketing segmentation is the combining of several groups to create a larger target market for a company’s goods and services.

Allushta [10]

Answer:

false

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