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Bumek [7]
4 years ago
12

Borrower Kathy has a starting balance of $150,000 at the beginning of January. She is being charged at 3.25% interest. Her total

monthly payment for combined principal and interest is $640.50. How much of the first payment is the principal?
1) $640.50
2) $844.64
3) $406.25
4) $234.25
Business
1 answer:
romanna [79]4 years ago
3 0

Answer:

4) $234.25

Explanation:

First, we have to find out the monthly interest payment which is shown below:

= (Starting balance of January month × interest rate) ÷ total number of years in a year

= ($150,000 × 3.25%) ÷ 12 months

= $406.25

The total monthly payments is $640.50

So, the first payment would be

= Total monthly payments - monthly interest payment

= $640.50 - $406.25

= $234.25

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Answer:

A) Create a promotion strategy to increase customer awareness.

Explanation:

The company has already addressed 3 of the 4 marketing Ps, product, placement and price, so it is missing promotion.

Promotional strategies refers to how the company is going to make customers aware of their product and differentiate their product from the competition. Promotion ties up the other 3 Ps together into a promotional strategy, that may include: advertising, social media, email, public relations, etc.

8 0
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Answer:

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Explanation:

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3 years ago
Which of the following statements regarding Federal Reserve independence is​ incorrect?
hichkok12 [17]

Answer:

The correct answer is option D

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8 0
3 years ago
Drag each tile to the correct box.
Fittoniya [83]

Answer:

Convenience checks: consumers use these to reduce their available credit in exchange for cash.

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Explanation:

In Business, credit can be defined as money or a loan facility agreed upon by a lender and a borrower, who is obligated to repay the lender at a specified date mostly with interest depending on the terms and conditions.

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3 years ago
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