Answer: $338712.36
Explanation:
Given the following :
APR = 6.35% = 0.0635
Monthly payment = $1800
Cost of home = $340,000
Period (t) = 420
Monthly rate = 0.0635 / 12
Amount paid on loan = PV of monthly payment :
PMT(1 - (1 / (1 + r)^t)) / r
1800[(1 - (1 / (1 + 0.0635/12)^420)) / r]
1800[ (1 - (1 /9.1764488)) / r
1800[ 1 - 0.1089746] / (0.0635 / 12)
1800 [168.38275]
= $303088.95
Hence, amount yet to pay :
$340,000 - $303088.95 = $36911.05
Hence, balloon payment :
36911.05( 1 + r)^t
36911.05(1 + 0.0635/12)^420
36911.05(1 + 0.0052916)^420
36911.05(1.0052916)^420
36911.05 × 9.1764488
= $338712.36
An incentive is a thing that motivates or encourages one to do something.
Financial incentives can include things like bonuses, raises, paid time off, and other things that involve money.
Non-Financial incentives include things like recognition, respect, career development opportunities, retirement planning assistance, improved work environment, etc.
Answer:
Hold meeting with employees, volunteers and representatives of other local shelters and listen carefully as they brainstorm ideas.
Explanation:
A leader can be defined as an individual who motivates and inspires a group of people towards achieving a common goal. A good leader must possess the following characteristics:
1) A leader must be a good communicator, he/she must be able to deliver information to the group in an orderly manner.
2) A good leader must be able to inspires others.
3) A leader must lead with honesty.
4) A leader must be able to make good decisions.
5) A good leader should be able to account for his/her various activities.
