Answer:
Explanation:
Monthly payments from <em>mortgages</em> are calculated with the compounding montly interest rate.
Thus, you can "calculate" the monthly rate and the multiply by 12 to obtain the <em>APR</em> (annual percentage rate).
The equation for the <em>monthly payment </em>is:
![Monthly\text{ }Payment=Loan\times \bigg[\dfrac{r(1+r)^t}{(1+r)^t-1}\bigg]](https://tex.z-dn.net/?f=Monthly%5Ctext%7B%20%7DPayment%3DLoan%5Ctimes%20%5Cbigg%5B%5Cdfrac%7Br%281%2Br%29%5Et%7D%7B%281%2Br%29%5Et-1%7D%5Cbigg%5D)
- Loan = 80% × $1,800,00 = $1,440,000
- Monthly payment = $10,800
- t = number of months = 25 × 12 = 300
Substitute:
![\$10,800=\$1,440,000\times \bigg[\dfrac{r(1+r)^{300}}{(1+r)^{300}-1}\bigg]](https://tex.z-dn.net/?f=%5C%2410%2C800%3D%5C%241%2C440%2C000%5Ctimes%20%5Cbigg%5B%5Cdfrac%7Br%281%2Br%29%5E%7B300%7D%7D%7B%281%2Br%29%5E%7B300%7D-1%7D%5Cbigg%5D)
You must find r but it is very difficult to make it the subject of the equation; thus, the best is to do succesive calculations:
Tests:
r monthyly payment
- 0.01 $15,166.43 > $10,800 ⇒ lower
- 0.005 $ 9,277.94 < $10,800 ⇒ increase
- 0.006 $10,362.08 pretty close; increase a little bit
- 0.00639059 $10,800 ↔ this is the number
Multiply the rate by 12 (to obtain the APR): 0.00639059 × 12 = 0.07668708 = 7.67%.
I think the correct answer is A
Total; percentage
Answer:
In order to reduce the money supply by $1 billion, the FED needs to sell $100 million in securities.
Explanation:
The total effect on the money supply is given by: money withdrawn from the economy x money multiplier
money multiplier = 1 / required rate of return = 1 / 10% = 10
effect on the economy = -$100 million x 10 = -$1 billion
If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the: a marginal factor cost is $6.
<h3>Monopsonist</h3>
If a monopsonist offers a wage of $6, he finds that 1.200 people are willing to work for him. This means that the O a. total wage cost is $1,200. b. marginal factor cost is $6. O c. total wage cost is $7.200. o d. $6 wage is too high. o e marginal factor cost is $200.
Learn more about monopsonist here :
brainly.com/question/27750664
#SPJ4
It is accurate to say that Between the Rounds has a positive diversity climate
<h3>What is
diversity climate?</h3>
The extent to which employees believe that the policies, practices, and procedures of a diverse organization communicate a strong commitment to fostering and maintaining diversity and inclusion.
A positive diversity climate is one in which employees believe that their diverse characteristics are valued and do not impede their advancement. It is also a climate in which management actively promotes diversity.
Diversity entails a wide range of people from various racial, ethnic, socioeconomic, and cultural backgrounds, as well as a wide range of lifestyles, experiences, and interests. Having a diverse range of people and points of view represented in the department. Diversity is defined as a collection of people who are all different in the same place.
To know more about diversity climate follow the link:
brainly.com/question/11542363
#SPJ4
