Which combination of factors would result in the lowest monthly mortgage payment? Having a larger downpayment, a lower interest rate and longer loan term agreements are all ways to have a lower monthly mortgage. When you put a larger down payment on your home, the amount you are borrowing is less which helps bring the payment down. If the interest rate is lower, your payment will also be less because you do not have a significant amount being added to the principal.
Answer:
Present value (PV) = $100,000
Number of years (n) = 12 years
Future value (FV) = $240,000
FV = PV(1 + r)n
$240,000 = $100,000(1 + r)12
<u>$240,000</u> = (1 + r)12
$100,000
2.4 = (1 + r)12
12√2.4 = 1 + r
1.0757 - 1 = r
0.0757 = r
r = 0.0757 = 7.57% = 8%
Explanation:
In this case, we need to apply the formula for future value of a lump sum (single investment). The present value, future value and number of years have been provided in the question with the exception of interest rate. Thus, interest rate becomes the subject of the formula,which implies that we will solve for interest rate.
Answer:
Answering the economic question of What to produce
Explanation:
What to produce is the problem in economics with the companies, who are involved in the producing the goods for the customer, as this problem comprises of selection of the services and goods to be produced and the quantity of the each and every commodity to be produced.
This problem occurs because the economy has limited or restricted resources so could not produce all the goods. Therefore, if the society decides to produce the consumer goods from the resources available, then it is answering the economic question of what to produce.
Answer:
circulation audit
Explanation:
A circulation audit is a term that describes a distinct form of audit which validates publisher's real printing and distribution, and at the same time, verifies publisher's books, records, and documents relating to circulation.
In other words, it is considered as a standardized, authoritative statement of a publication's printing, distribution, and readership.
Hence, CIRCULATION AUDIT refers to a thorough analysis of the circulation procedures, outlets of distribution, readers, and other factors by companies such as ABC
Based on this information Miller Farm Products' debt can be described as a debenture.
<h3>
What is Debenture?</h3>
- A bond or other sort of financial instrument that is secured by collateral is referred to as a debenture.
- Debentures must rely on the issuer's trustworthiness and reputation for support because they lack a collateral backstop.
- Debentures are commonly issued by both businesses and governments to raise cash or money.
- Debentures, like the majority of bonds, may issue periodic interest payments known as coupon payments. Debentures are described in an indenture, much like other kinds of bonds.
- A binding legal agreement between bond issuers and bondholders is known as an indenture.
- The agreement details the terms of a debt issue, including the maturity date, the frequency of interest or coupon payments, the formula for calculating interest, and other details.
- Debentures may be issued by both governments and corporations.
To learn more about Debenture refer to:
brainly.com/question/13036443
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