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Step2247 [10]
3 years ago
9

Paula purchased a house for $300,000. After providing a 20% down payment, she borrowed the balance from the local savings and lo

an under a 30-year 6% mortgage loan requiring equal monthly installments at the end of each month. Which time value concept would be used to determine the monthly payment
Business
1 answer:
Alona [7]3 years ago
4 0

Answer:

The concept of EMI i.e. Equal monthly installments will be used.

Explanation:

Given that:

Purchase amount of house = $3,00,000

Down payment made = 20% of 3,00,000 = $60,000

Balance amount = $2,40,000

Therefore, to determine the monthly payment the concept of Equal monthly installment will be used.

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With the _____ approach, an organization chooses an outsourcing company in a neighboring country, such as when a U.S. organizati
jeka57 [31]

Answer:

a. nearshore outsourcing

Explanation:

Nearshore outsourcing is a business practice related to transferring certain activities and services to people and organizations in neighboring countries.

Since Canada and Mexico are neighboring countries of the US, this is nearshore outsourcing. On the other hand, offshore outsourcing is a type of outsourcing that transfers the activities on to farther countries. In this example, offshore countries would be India or Ukraine.

5 0
4 years ago
Jay's new loan to purchase a property includes the seller's existing mortgage. What type of loan is this
timurjin [86]

The type of loan that this is known to represent is what is referred to as the wraparound mortgage loan.

<h3>What is the wraparound mortgage loan?</h3>

This is the type of mortgage that has to do with the fact that the borrower is financing another loan when they have not been able to finance the original mortgage itself.

This type of loan is beneficial to a person given that they would be able to get a system of loan that may not have been possible before.

Hence we have to conclude that Jays financing a property when he has an existing mortgage is what is called the wraparound mortgage loan.

Read more on the wraparound mortgage loan here:

brainly.com/question/14454865

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8 0
2 years ago
national savings is equal to the sum of private savings and public savings. to make our notation a bit easier, we will call nati
slamgirl [31]

Here, public savings = $1.05 billion and private savings = $3.15 billion

It is calculated as follows:

Total savings, S = $4.20 billion

We know: S = V+U

It means National Savings = Private savings + Public savings

Here:

V = private savings , U = public savings and

Private saving, V = 0.75 × S

 = 0.75 × $4.20 billion

 = $3.15 billion

And, the public savings will be = National savings - private savings

= $4.20 billion - $3.15 billion

= $1.05 billion

To know more about savings here:

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3 0
2 years ago
If the fed wishes to increase the money supply then it should: increase the required reserve ratio. increase the discount rate.
charle [14.2K]
The Fed can<span> influence the </span>money supply<span> by modifying </span>reserve requirements, which is the amount of funds banks must hold against deposits in bank accounts. ... Inopen<span> operations, the </span>Fed<span> buys and sells </span>government securities<span> in the </span>open market.If the Fed wants to increase the money supply<span>, it buys </span>government bonds<span>.</span>
5 0
3 years ago
What is the difference between a natural and a manufactured fiber? How might you use each one
Arte-miy333 [17]

Answer:

While manufactured fibers are manmade using materials like glass, metal, and plastic, natural fibers are processed and prepared for market without the use of any environmentally destructive synthetic filler fibers.

Explanation:

4 0
3 years ago
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