What does 3 dots inside a silver ring mean?

A home buyer can afford to spend no more than $1500/month on mortgage payments. Suppose that the interest rate is 6%, that inter

krok68 [10]

Answer:

20 years mortgage:

maximum loan $ 209, 371.16

interest paid $ 150,628.84

30 years mortage

maximum loan $ 250,187.4216

interest paid $ 289,812.58

Explanation:

20 years mortgage:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 240 (20 years x 12 months)

rate 0.005 ( 6% annual / 12 months per year)

$1500 \times \frac{1-(1+0.005)^{-240} }{0.005} = PV\\$

PV $209,371.1575

Quota x number of cuotas - principal = total interest

1,500 x 240 - 209,371.16 = 150628.84

30 years mortgage

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 360

rate 0.005

$1500 \times \frac{1-(1+0.005)^{-360} }{0.005} = PV\\$

PV $250,187.4216

Quota x number of cuotas - principal = total interest

1,500 x 360 - 250,187.42 = 289,812.58

8 0

3 years ago

If a stricter quota, such as 30,000 tons of apricots, was imposed on this market, we would expect:

gizmo_the_mogwai [7]

Base on the given situation above, if there is a presence of stricter quota such as with the 30,000 tons of apricots to be provided and was imposed on a market, it is expected that quantity demand and the imports in the market to decrease even if the domestic quantity and price that has been provided will increase.

8 0

3 years ago

Which of the following is not a function of prices in a market system? Group of answer choices Prices send signals to buyers and

Sedaia [141]

Answer:

Prices ensure an equal distribution of goods and services among consumers.

Explanation:

The price mechanism helps in the efficient allocation of resources. There are a number of functions performed by the price mechanism. Prices send signals regarding resources. An increase and decrease in prices reflect surplus and deficit.

Price balances the demand and supply of a product. Price is inversely related to demand and positively related to the supply of a product. It is determined by the interaction of demand and supply and helps in balancing supply and demand.

For instance, an increase in demand would increase the price, this higher price will motivate the suppliers to increase quantity supplied thus balancing demand and supply.

Price helps in coordinating economic activities and helps buyers and sellers in decision making. However, they do not help in equal distribution of goods and services among consumers.

6 0

2 years ago

Floyd owns a chain of diners. He prefers to recruit employees from different ethnic and cultural backgrounds. When he hires new

zlopas [31]

Answer:

B) awareness training

Explanation:

In this scenario, based on all that Floyd is doing seems as though he is using awareness training on his employees. This is a training technique used to train employees on cultural and ethnic diversity as well as what is appropriate and inappropriate when dealing with different cultures. Like mentioned in the question this also encourages employees to think outside the box and question stereotypes.

8 0

2 years ago

What are objectives of human resource department

Fantom [35]

Answer:

Objectives of HRM include ensuring availability of resources, easy access to data, on-time payroll, ensuring compliances, etc. HRM objectives are basically influenced by organisational goals and vertical. Objective of HRM is to ensure a stable work environment with data at one place and efficient operations.

4 0

3 years ago