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Svetllana [295]
4 years ago
15

Calvin is buying his first home. He has been saving and saving for years. The home he is buying has a price of $300,000 and Calv

in has a down payment of $75,000. Calvin's loan is considered:
Business
1 answer:
Veronika [31]4 years ago
8 0

Answer: low risk

Explanation:

Low risk loans are the loans that are collected by economic agents such as individuals, firms and the government which has a low risk or low interest rate.

Since the home Calvin is buying has a price of $300,000 and Calvin has a down payment of $75,000. It so considered a low risk loan.

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Approximately ________ percent of americans lack high-speed internet access in their homes.
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<span>Approximately 50 million US homes have only one 25 Mbps internet provider or none at all which accounts to around 64%.The remaining 46% which accounts for more than 10.6 million US households have no access to wired internet service with download speeds of atleast 25mbps.</span>
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Give at least one example of a type of market research that producers conduct. Explain the kind of information this research pro
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Potential businesses owners need to begin by asking what important question?
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6 0
4 years ago
Ken just purchased new furniture for his house at a cost of $16,400. The loan calls for weekly payments for the next 7 years at
____ [38]

Answer:

His payments are $64.63 every week.

Explanation:

P = Regular Payments  = ?

PV = Loan Amount  = $16,400

r = rate of interest  = 10.99%

n = no of periods  = 7 = 364

P = [r (PV) ]   /   [1 - (1 + r )^-n]

P = (10.99%/52)*16400   /   1 - [1 / (1 + 10.99%/52)^364)]

P = 34.66076923 /  1 - [1 / 2.156503587]

P = 34.66076923 / 0.53628642

P = 64.63107760588

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6 0
3 years ago
Bronson Corporation incurs the following annual costs in producing 30,000 video cards for computers: However, if Bronson purchas
Travka [436]

Answer: ($60,000)

Explanation:

Fixed cost is a cost that doesn't vary alongside production level. It should be noted that the relevant cost for production will be addition of the direct materials to the direct labour and the variable maufacturing overhead. This will be:

= $60,000 + $80,000 + $100,000

= $240,000

The relevant costs that will be bought will be:

= 30,000 × $10

= $300,000

Therefore there'll be decrease in net income by:

= $300,000 - $240,000

= $60,000

The answer will be ($60,000)

5 0
3 years ago
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