The correct answer would be d
Answer:
89.63% of 2nd month payment will go towards the payment of principal.
Explanation:
Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n
r = rate per period = 12% per year = 1% per month
n = number months = 12 months
PV = present value of all payments = $82,500
P = payment per month = ?
P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12
P = $7,330 per month
Month Payments Principal Interest Balance
1 -7330 -6505 -825 75995
2 -7330 -6570 -760 69,425
Percentage of Principal Payment = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%
I believe that the correct answer is b project manager<span />
Answer: Option C
Explanation: Non price competition can be defined as the business strategy under which one entity tries to distinguish its commodity offered from another entity in the market with the help of advertising and promotion etc.
Non price competition is generally seen in the oligopoly market structure. The difference between two products in an oligopoly having non price competition is based on the design or workmanship of the manufacturer.
