Answer:
$443,091.5
Explanation:
Given that,
Amount of loan, present value = $185,000
Annual rate of interest, r = 7% ÷ 12
= 0.00583
Time period = 30 years
Therefore,
Monthly payments:
![=\frac{r\times PV}{[1 - (1+r)^{-n}]}](https://tex.z-dn.net/?f=%3D%5Cfrac%7Br%5Ctimes%20PV%7D%7B%5B1%20-%20%281%2Br%29%5E%7B-n%7D%5D%7D)
![=\frac{0.00583\times 185,000}{[1 - (1+0.00583)^{-30\times12}]}](https://tex.z-dn.net/?f=%3D%5Cfrac%7B0.00583%5Ctimes%20185%2C000%7D%7B%5B1%20-%20%281%2B0.00583%29%5E%7B-30%5Ctimes12%7D%5D%7D)
![=\frac{1,078.55}{[1 - (1.00583)^{-360}]}](https://tex.z-dn.net/?f=%3D%5Cfrac%7B1%2C078.55%7D%7B%5B1%20-%20%281.00583%29%5E%7B-360%7D%5D%7D)
= 1230.81
Total (principle and interest) will be paid over the life:
= Monthly payments × 360
= $1,230.81 × 360
= $443,091.5
Explanation:
A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions with other items as prices vary.
The type of employee that would most likely be satisfied and perform at a high level is motivated employee.
<h3>Who is
Hackman and Oldham?</h3>
Richard Hackman and Greg Oldham developed a model which itself motivates employees for the jobs.
The model focuses on the perspective that if the job is not monotonous, it can motivates the employee and would not feel discouraged to work.
Hence, the type of employee that would most likely be satisfied and perform at a high level is motivated employee.
Read more on about Hackman and Oldham here: brainly.com/question/13103980
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Answer: excused by Delta's failure to pay.
Explanation:
Delta Construction Corporation hires Eagle Electrical Company, as a subcontractor, to wire its new office building. After the completion of the work, Eagles is owed more than $50000.
Eagle's suspension of work is most likely due to the excuse by Delta's failure to pay. Delta has a right to pay up the money owed to Eagle. Lack of payment can lead to court cases.
