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Dima020 [189]
3 years ago
12

Explain how the amount of a down payment affects your monthly mortgage payments.

Business
2 answers:
RoseWind [281]3 years ago
6 0
<span>The more money you put down, the smaller your principal value becomes. Having a smaller principal value will make your monthly payments smaller.</span>
Minchanka [31]3 years ago
5 0

Answer:

A higher down payment would mean a lower monthly mortgage payment.

Explanation:

The down payment is the initial payment you make when you buy a real estate using a mortgage loan and the monthly mortgage payment is the amount you pay every month that includes capital and interest on your loan. So, if you give a higher down payment, this means that the amount of your loan decreases and your monthly payments will be lower. If you give a lower down payment, your loan will be higher which means that your monthly payment will also increase.

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<h2>True. The early detection of fraud avoids greater loss.</h2>

Explanation:

The early detection of fraud needs to be done for the following reason:

  • Fraud will continue if not found earlier and thus leads to greater loss
  • The fraud team is not widen before huge loss happens
  • Easy to recover
  • Possibility of finding the loop holes even if it is from external sources
  • Detects weakness in the internal control and eradicate and make the system secure
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4 0
4 years ago
In the long run firm a incurs total costs of $1200 when output is 30 units
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Finally times with and then multiply that and then I had to add and friend the x and then multiply
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3 years ago
Your organization has been developing a new product for the last three years. The technical specifications of the product were l
steposvetlana [31]

Based on commercial data classification levels, it is correct to say that the sensitive data level has been breached.

<h3 /><h3>What is the data sensitive level?</h3>

Corresponds to data breaches that would negatively impact a business, jeopardizing operations and market positioning, such as leaking financial and intellectual property data.

Therefore, information security must be a criterion to be achieved in organizations and all their processes to avoid consequences of a data leak.

Find out more about information security here:

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4 0
2 years ago
What is the value of $1000 investment that loses 5% each year for eight years
nadya68 [22]

Answer:

$663.420

Explanation:

The value for the investment is the future of $1000, earning a compound interest of -5% for eight years.

The formula for compound interest is as below.

FV = PV × (1+r)^n

Fv = $1000 x ( 1 + (-5/100)^8

Fv= $1000 x (1 +(-0.05)^8

FV= $1000 x (0.95)^8

Fv=$1000x 0.6634204

Fv=$663.420

The value will be $663.42

8 0
3 years ago
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The information needed to identify lines and other symbols on a construction drawings can be found in the
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Where is the picture?
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