Answer: $2,025
Explanation:
Your monthly payment based on the rate of 6.3% per annum is:
= (6.3% * 1,620,000 ) / 12 months
= 102,060 / 12
= $8,505
Now that the rate has gone up to 7.8% per annum, the payment is:
= (7.8% * 1,620,000 ) / 12 months
= 126,360 / 12
= $10,530
Payment went up by:
= 10,530 - 8,505
= $2,025
Answer:
Explanation:
Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.
Loans can also be given for education costs but you DO have to pay them back. So, obviously, you want scholarships and grants before loans.
Check if the website is biased or not
Answer:
The euro has gained strength against the dollar.
Explanation:
Exchange rate is a measure of the value of one countrie's currency compared with another. For example how many dollars can be exchanged for a euro.
Most exchange rates are free floating, meaning their value is determined by market forces (demand and supply).
Some countries however peg their currency value.
So in this scenario Thomas is giving more dollars for fewer euros because the euro has more value.
Answer:
c. 24.78%
Explanation:
For computing the expected standard deviation first we have to find out the expected rate of return which is shown below:
Expected rate of return = Respective return × Respective probability
=(0.4 × -10) + (0.2 × 10) + (0.4 × 45)
= 16%
Now we have to find out the total probability which is shown below:
Probability Return Probability × (Return - Expected Return)^2
0.4 -10 0.4 × (-10-16)^2 = 270.4
0.2 10 0.2 × (10 - 16)^2 = 7.2
0.4 45 0.4 × (45 - 16)^2 = 336.4
Total = 614%
As we know that
So
Standard deviation= [Total probability × (Return - Expected Return)^2 ÷ Total probability]^(1 ÷2)
= (614)^(1 ÷ 2)
= 24.78%
