Aubrey pays 20% of the
cost upfront, which means her loan amount will be 360,000. The formula to
calculate her monthly payment is Payment = Principal x (r) / (1-(1+r)^n), where
r is the monthly rate of interest (7.5%/12=.63%), and n is the number of terms
(30*12=360). The calculation yields a monthly payment of 2517.17. We can find
the present value of the first 96 payments (12 x 8) to find how much principle
will be paid down, and what the balloon payment will need to be to pay off the
rest of the principle.
<span>The
Remaining balance of a loan is found through the following calculation:
PV(1+r)^n – (P(1+r)^n)-1))/r where PV is the initial loan amount, P is the
monthly payment 2515.17, n is 96 and r is .0063, the monthly rate</span>. This calculation gives us roughly $325,001 remaining on the loan after 8 years, so this will be the balloon payment.
The unethical behavior in this situation is that Joseph recommends that the hiring manager offer his friend a position, even though he knows he doesn't qualify for the role.
<h3 /><h3>Importance of ethics in the recruitment </h3>
Ethics corresponds to a guide to positive and fair behavior, so in the selection process, it is essential that the recruiter is impartial, empathetic and seeks to select a candidate for a vacancy according to their profile and qualifications, without privileging or harming other candidates.
Therefore, Joseph's attitude, based on his high hierarchical position, was considered unethical, as it is not right to privilege people in an organization based on their personal relationship.
It is essential that as a high-level manager, Joseph develops ethical behaviors that set an example for his team.
Find out more information about ethics here:
brainly.com/question/18401975
Answer:
d.borrow $375,000
Explanation:
Given that
Amount available to invest = $500,000
Risk free rate = 8%
Return on the risky portfolio = 16%
Now the computation is shown below:
The interest rate should be
Interest amount on borrowings = $375,000 × 8% = $30,000
So, the total amount available to invest is
= $500,000 + $375,000
= $875,000
Now the total inflow is
= $140,000 - $30,000
= $110,000
The $140,000 is come from
= $875,000 × 16%
So the 22% is come from
= $110,000 ÷ $500,000
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