<span>You are given the price of the house worth $190,300 and about 30% down payment of the price is paid with a 15 – year loan at 5.75% interest. You will use annuity due in this problem. His monthly mortgage payment is $5,468.1</span>
Answer:
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Step-by-step explanation:
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In a Capitalist Economic System, the government is expected to guarantee the respect to private property, promulgate laws that defend economic freedom, and is an intermediary between the private sector and society. In this economic system, the government is reduced an doesn't intervene in the free market.
In a Socialist or Communist Economic System, the government redistributes goods and services, takes the means of production (private property) from their owners to put them in service of the working class, promulgate laws that limit economic freedom and heavily intervenes in the market and economy.
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16x-15-9x=13
7x-15=13
+15 +15
x=4
