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Ray Of Light [21]
2 years ago
14

You are considering the purchase of a home that would require a mortgage of $150,000. How much more in total interest will you p

ay if you select a 30-year mortgage at 5.65% rather than a 15-year mortgage at 4.
Business
1 answer:
Irina18 [472]2 years ago
3 0

Answer:

$111,991.59

Explanation:

using a loan calculator, I found the following information:

principal $150,000

apr 5.65%

360 monthly payments of $865.85

total payments $311,707.33

total interest charged on the loan $161,707.33

principal $150,000

apr 4%

180 monthly payments of $1,109.53

total payments $199,715.74

total interest charged on the loan $49,715.74

if you choose the 30 year mortgage, you will pay $161,707.33 - $49,715.74  = $111,991.59

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The main purpose of performance appraisal is to ________.
LUCKY_DIMON [66]

The main purpose of performance appraisal is to furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality.

Therefore option C is correct

<h3>What is Performance appraisal?</h3>

  Performance appraisal can be described as the  periodic and systematic evaluation  of the job performance of an employee and its subsequent documentation documented and evaluation in other to provide verifiable evidence to the management of an organization on the strengths and weaknesses of its employees.

    The idea of performance appraisal should be viewed as a career enhancing prospect. Managers should endeavor to appraise their staff truthfully and honestly in other to bring about a healthy working environment.

Learn more about Performance appraisal at brainly.com/question/7595736

#SPJ1

4 0
1 year ago
Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year
Radda [10]

Answer:

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 40,000

Estimated fixed overhead= $466,000

Estimated variable overhead rate= $3.00 per direct labor-hour.

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (466,000/40,000) + 3

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

5 0
3 years ago
Monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presenc
lana66690 [7]
The appropriate response is Product variety. A promoting procedure in which a retailer stocks countless items. A wide assortment is utilized to attract clients searching for a variety of merchandise, however, does not imply that the retailer will offer a wide range of cycles of a particular item.
8 0
3 years ago
Explain how a service business might help another business.
blsea [12.9K]
A service business could help a business by working for that business aka cleaning maintenance and little things to help the company look good
7 0
3 years ago
Trade can make everybody better off because it a. increases cooperation among nations. b. allows people to specialize according
erma4kov [3.2K]

Answer:

b. allows people to specialize according to comparative advantage.

Explanation:

A trade can be defined as the process that typically involves the buying and selling of goods and services between a buyer (consumer) and a seller (producer).

Trade can make everybody better off because it allows people to specialize according to comparative advantage.

This ultimately implies that, trade creates an enabling environment that suits a specific service provider or producer of a particular product.

5 0
2 years ago
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