Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

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6 0

3 years ago

____ are long-term, low-interest loans, cash grants, and tax deductions used to develop and protect companies or special industr

Schach [20]

GOVERNMENT SUBSIDIES are long-term, low-interest loans, cash grants, and tax deductions used to develop and protect companies or special industries.

Government subsidies are assistance given by the government to a person or a group of individuals in support of an enterprise that is for the public interest.

3 0

3 years ago

What is the difference between patronage and the merit principle?

alexdok [17]

Patronage principle based its hiring and promotion system on political reasons while the merit principle employed the idea that hiring should be based on entrance examination and promotion. One of the major disadvantage of the patronage principle is that, it may end up employing people who are not qualify for the job. Merit principle choose based on qualifications.

5 0

3 years ago

g Ms. White has entered the housing market in search of a suitable home. She has saved $10,000 for a down payment and has found

Svetradugi [14.3K]

Answer:

$89,418

Explanation:

It is important to realize that Ms. White has been honoring her mortgage payments for the 18 months that she owned the house.

So we can determine the amount of outstanding debt by constructing an amortization table.

Here, i will use a Financial Calculator to prepare the amortization table.

PV = $90,000

N = 20

I = 12

FV = 0

P/YR = 1

PMT = $11,172.93 (CALCULATED)

Period Principle Interest Payment Balance

Beginning $90,000

Year 1 End $373 $ 10,800 $11,173 $89,627

Year 2 End $417 $ 10,755 $11,173 $89,209

But for the Year 2 she only owned the house for 6 month (to 18 months).

Thus amount outstanding after 18 months is $89,418 ($89,627 - $209)

3 0

2 years ago