Answer:
True
Explanation:
There is a general consensus that one has to be very conservative and avoid spending more than 35 percent of pretax income on home insurance payment, property tax, and mortgage. However the conservative model clearly suggests that mortgage payment should not exceed 25 percent of take-home pay and any mortgage loan should not exceed a 15 year tenure.
Answer:
Expected rate of return on this stock= 13.59
%
Explanation:
<em>The expected return on investment is the weighted average of all the return from possible outcomes weighted according to the probability of each outcome.
</em>
This principle would be applied as follows:
<em>Outcome Probability(P) Return(R) P× R</em>
Boom 0.24 × 23% = 5.52
%
Normal 0.69 × 12% = 8.28
%
Recess 0.07 × -3% = -0.21
%
Expected Return = 5.52
% + 8.28
%-0.21
% = 13.59
%
Expected rate of return on this stock= 13.59
%
Answer: price, reviews of the product, and the overall quality of the item.
Explanation:
