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torisob [31]
3 years ago
9

Lloyd and Jean are considering purchasing a home requiring a $75,000 mortgage. The payment on a 30-year mortgage for this amount

is $498.97. The payment for a 15-year maturity is $674.12. What is the difference in the total interest paid between the two different maturities
Business
1 answer:
alexgriva [62]3 years ago
5 0

Answer:

Explanation:

amount of mortgage = $75,000

monthly installment for the 30 years = $498.97.

difference = total payment - the amount of mortgage = ( 30 × 12 ×$498.97) -  $75,000  = $ 104629.2

for the second,

( 15 × 12 × $674.12) - $ 75 000 = $ 46341.6

the difference in the total interest paid between the two different maturities = $ 104629.2  - $ 46341.6  = $ 58287.6

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A subcontractor is a company or person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor.

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4 years ago
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Read 2 more answers
when a new competitor threatened to compete with your team’s product line, you noticed that your teammates started working toget
ahrayia [7]

Group cohesiveness is the best performance factor that describes the above terminology.

Group cohesiveness is the ability of a team to work together in order to produce the desired objective.

When a team is threatened by a new competitor, it tends to focus more on work and also shows unity in reaching a goal.

A new competitor acts as an important contributor in unifying a team and pushing it to reach the desired objective. The team tries its best to work better than the competitor.

Although a part of your question is missing, you might be referring to this question:

Match each description with the corresponding group performance factor that best describes it.

When a new competitor threatened to compete with your team's product line, you noticed that your teammates started working together more effectively to counter this threat.

To learn more about cohesiveness, click here:

brainly.com/question/15713513

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7 0
1 year ago
Ariel is saving money to purchase a new computer before she leaves for college in two years. She wants to open a special account
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Answer:

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However, Ariel is better off depositing her money in a financial institution that will yield high interest for her and enable better save to purchase her dream computer.

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