Answer:
True
Explanation:
One of the biggest reason for poverty is unemployment and this leads to lower purchasing power of the people of Novia. If Novia wants to increase the living standard of people through wealth creation then the country must invest on developing Entrepreneur ecosystem and giving tax incentives so that the international firms would invest in Novia. This would help in jobs creation and the exports of these firm will help in saving costs of borrowing for balance of payments.
Answer:
1) The monthly payments if the mortgage is 30 years will be $2,270
2)The monthly payments if the mortgage is 15 years will be $3,267
Explanation:
The house is worth 500,000, John pays 100,000 down payment which means that 400,000 payment is left. We need to find out that if the present value of the payment is 400,000 then what will the monthly payments be for 30,000 in order to have a present value of 400,000.
The Present value is 400,000, the interest rate is 5.5% but because the payments are monthly we will divide it by 12 (5.5/12=0.458). The Number of compounding periods will be the number of months in 30 years so N = 30*12=360. The future value is 0 as there is no lump sum payment at the end.
We input the following information in a financial calculator in order to find the the payment.
PV= 400,000
FV=0
N=360
I=0.458
Compute PMT=2,270
Now in order to find the payments for a 15 year mortgage we will replace n=360 with n=15*12= 180.
PV= 400,000
FV=0
N=180
I=0.458
Compute PMT=3,267
Answer:
The correct answer is Decider.
Explanation:
The decision-maker is the one who decides in part or all of the purchase of a certain institution or company, when moving to the political sphere it is translated as one who makes the decisions within the so-called important aspects, whether in the case of health, education or Another within the functions of the state, the decision makers are also called "decision makers" who can also be recognized as the political responsible.