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Shtirlitz [24]
3 years ago
15

Suppose that you have just borrowed $250,000 in the form of a 30 year mortgage. The loan has an annual interest rate of 9% with

monthly payments and monthly compounding.
a. What will your monthly payment be for this loan?

b. What will the balance on this loan be at the end of the 13th year?

c. How much interest will you pay in the 6th year of this loan?

d. How much of the 224th payment will consist of principal?
Business
1 answer:
Oksi-84 [34.3K]3 years ago
7 0

Answer:

Consider the following calculations

Explanation:

  • PMT(Interest_Rate/Num_Pmt_Per_Year,Loan_Years*Num_Pmt_Per_Year,Loan_Amount)

  • Interest_Rate = 0.09

  • Num_Pmt_Per_Year = 12

  • Loan_Years = 30

  • Loan_Amount = 250,000

  • If you input these values on a financial calculator, PMT = 2011.56

  • Balance of the loan at the end of 13 years = 209798.54

  • Interest paid in the 6th year = 21464.51

  • 224th Payment Principal = 722.70

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serious [3.7K]

Answer:

Option A. frictional unemployment, is the right answer.

Explanation:

Option A is correct because frictional unemployment is referred to as a situation when people change their job and remains unemployed during this period. For example, a person leaves his earlier job and starts finding a new job. It took him one month to find a new job, therefore, this period of one month during which he was unemployed and looking for a job is considered to be as the frictional unemployment.

6 0
3 years ago
Which loan type allows you borrow up to the cost of attendance, minus other aid you have received?.
nikdorinn [45]

A subsidized loan is such a loan where the borrower is allowed to borrow up to the cost of attendance less any other aids received.

<h3>What is a subsidized loan?</h3>

A type of education or student loan where the amount to be borrowed is determined as per the cost of the student's attendance, which is subtracted from other financial benefits received in this regard, is known as a subsidized loan.

Hence, subsidized loan is explained as above.

Learn more about subsidized loans here:

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4 0
2 years ago
A business consulting firm defined its company personality as knowledgeable team-players, who are practical and theoretical. It
frez [133]

Answer:

The firm forget to take Competitive landscape

Explanation:

development of a brand new name is essential in business because it serves as the identity that the business carries along, it includes the name as well as the brand logo that identifies the company from other compititors. It involves some steps such as checking the domains name that is available,screening out problematic names,Competitive landscape step, launching of the brands.

In the case of the question, the step the firm forget to take before moving on to screening out problematic names is Competitive landscape step.

Competitive landscape step helps to foresee the strength as well as other information about other compititors in the industry such as direct and indirect compititors.

7 0
4 years ago
Marketing research conducted by a consumer products producer reveals that some consumers buy toothpaste to whiten their​ teeth,
olganol [36]
<span>This is behavioral segmentation. The company is looking at how the consumers' behaviors are affected by the use of the products. They are also looking at what the customers are looking for in terms of results of the product and how it will benefit their lives.</span>
7 0
4 years ago
According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, m
postnew [5]

Workplace practices affect job satisfaction, which influences Employee retention, motivation, and behavior, in turn affecting all of the following except: organizational structure.

<h3>What is Service Profit Chain Model ?</h3>

Service-profit chain, a company should establish a link between employees and customer experience on the one hand and create profit and growth on the other. The different relationships reinforce each other; satisfied customers contribute to employee satisfaction, loyal employees contribute to customer loyalty, and this customer loyalty will eventually result in profit.

The Service Profit Chain involves customer loyalty, customer satisfaction, employee loyalty, employee satisfaction and productivity. This way, strong links develop between:

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Workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior. These employee outcomes affect service quality, which then influence customer satisfaction and perceptions of value, customer referrals, and ultimately the company's profitability and growth.

Therefore, we can conclude that the correct option is E.

Your question is incomplete, but most probably your full question was:

According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior, in turn affecting all of the following except:

A. service quality.

B. customer satisfaction.

C. perceptions of value.

D. profitability.

E. organizational structure.

Learn more about Service Profit Chain Model on:

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8 0
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