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shtirl [24]
3 years ago
5

Mike is applying for a home loan and wants to buy a house worth $150,000 in a neighborhood close to his work. however, he only h

as $15,000 toward the down payment. mike may be required by the lender to
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Pay PMI (private mortgage insurance) which is the amount the lender charges to protect their interests in case the borrower stops paying and defaults on the loan.

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List three or four effects of financial irresponsibility.
Aleksandr-060686 [28]
Debt
Fraud
being broke
5 0
3 years ago
Elton used a decision rule that says, "only buy well-known brand names" when selecting a television set. he did not look at pric
anzhelika [568]

Answer: C) noncompensatory rule

Explanation:

The non-compensatory rule is used to describe a situation where a person does not believe that the good traits of a product in one area will compensate for perceived bad traits in another area.

For Elton, the good trait is well known brand names and the bad trait is brand names that are not well known. Even if for the brand that is not well known, the price is lower, the discount is higher or the store is well known, these still will not be enough to compensate for the bad trait of not being well known.  

3 0
3 years ago
In your initial post, you are to write to either the President (on fiscal policy) or to the Chair of the Federal Reserve (on mon
german

Answer:

The existing state of American economy must be declared earlier respondent the interrogation.

The U.S. financial position is vigorous in 2017.The value rate is in its perfect vary i.e., 2.4 (2-3%).Joblessness is at its ordinary proportion and there isn't an excessive amount of rise or decrease. Conversely, the value is predicted to descent to a pair of 2.1% in 2018 and 2.0 in 2019. Drop in value would cause decrease in GDP and growth in state.

To avoid this drop I will be able to inscribe to manager of Federal Reserve Bank to cut back the rate (expansionary financial policy).Federal reserve will try this by shopping for bonds. Once Federal Reserve purchases bonds the money offer increases and rate decreases. As rate decreases mixture demand and financial gain increases. With escalation in financial gain and mixture demand the value wouldn't decrease in 2018 and 2019.

I would not recommend an expansionary economic policy as a result of it increases the rate yet and thus results in situation out.

6 0
2 years ago
O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%,
kozerog [31]

Answer:

8.99%

Explanation:

For this question we use the PMT function that is presented on the excel spreadsheet. Kindly find it below:

Given that,  

Present value = $975

Future value = $1,000

Rate of interest = 9.25%  ÷ 2 = 4.625%

NPER = 25 years × 2 = 50 years

The formula is shown below:

= PMT(Rate,NPER,-PV,FV,type)

The present value come in negative

So, after solving this, the PMT is $44.96

Now the annual PMT is

= $44.96 × 2

= $89.92

So, the coupon interest rate is

= $89.92 ÷ $1,000

= 8.99%

4 0
3 years ago
For the following three types of project life cycle, extensively explain their similarity and diffrence by the giving your examp
grin007 [14]

The differences between the project life cycle that includes the baum cycle, unido project cycle and the depsa project cycle is the established phase for drawing a project.

<h3>What is a project life cycle?</h3>

This refers to the organized way of viewing the entirety of a project that:

  • establishes the steps to complete a project
  • helps to maintain focus and momentum
  • creates better defined high-level stages of completion

The Baum project cycle in project management consist of the phae that includes Identification, Preparation, Appraisal, Negotiation, Implementation & Supervision and Evaluation

The Depsa project cycle from the sentence Development Project Studies Authority is a project cycle that comprises three major phase.

Read more about project life cycle

brainly.com/question/25231696

#SPJ1

7 0
1 year ago
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