Answer:
The present value is $7,907
Explanation:
12000(1+0.072)^-6=7907 (round up)
Answer:
b. 11.87%
Explanation:
interest = $102,000*11%*8/12
= $7480
Effective interest rate = ($7480/($102000 - $7480))*12/8
= ($7480/94520)*12/8
= 11.87%
The 30 minute show describes Infomercial.
Explanation:
An infomercial is a kind of a commercial television that usually contains a toll-free telecommunications or website.
While advertisement was made popular in the earliest 1980's, a Vita-mix blender was considered to be the first ever long-standing advertising. The model was nevertheless taken off in the 1970's, particularly in San Diego, when a one-hour Television show revealed local houses every Sunday.
Infomercials are popular for televising at peak hours, normally late in the evening or early in the morning. Those hours ' advertisement rates are lower than most others, encouraging companies that sell their goods to buy some time than they could, if exposure was on a popular TV show.
Answer:
growing-equity mortgage
Explanation:
When a person obtains a growing equity mortgage, they have to pay a higher monthly payment every month. These increases must be included in the mortgage contract and they are beneficial if the borrower's income is expected to increase in the future. The interest rate remains the same, it doesn't change.
A public school teacher most likely to have a pension plan.
<h3>What does a pension plan mean?</h3>
A pension plan is a type of employee benefits program created or maintained by an employer, an employee group (such a union), or both that offers retirement income or postpones income until the end of the covered employment period or beyond.
An employer must contribute to a fund that is set aside for a worker's future benefit in order to participate in a pension plan. When the worker retires, the earnings from the investments will provide income for the worker. The pool of cash is invested on the employee's behalf. In the U.S. private sector, traditional pension plans are getting harder to find.
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