How is a "spending plan" different than a "monthly budget"?

Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year

nalin [4]

Answer:

D

Explanation:

The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.

Pro life tip: Do NOT finance your home with an ARM mortgage.

Good luck in your studies!

5 0

2 years ago

M1 money growth in the u.s. was about 16% in 2008, 7% in 2009, and 9% in 2010. over the same time period, the yield on 3-month t

posledela

M1 money growth in the US was about 16% in 2008, 7% in 2009 and 9% in 2010. Over the same time period, the yield on 3-month Treasury bills fell from almost 3% to close to 0%. Given these high rates of money growth, why did interest rates fall, rather than increase? What does this say about the income, price level and expected-inflation effects?
Higher money growth (increase in the money supply) should have the following effects:
Liquidity effect indicates that this growth in money should shift money supply to the right, which should decrease the interest rate.
Income effect indicates that the growth in money should increase income levels, which should increase the demand for money and shift the demand curve to the right. This should increase the interest rate.
The price level effect indicates that the growth in money should increase price levels, which should increase the demand for money and shift the demand curve to the right. This should also increase the interest rate.
During this time period, unemployment was high, economic growth was weak and policymakers were more concerned with deflation than they were with inflation.
Therefore, the expected inflation effect was almost non-existent (due to the concerns with deflation) and the liquidity effect dominated all other effects, which made interest rates fall.
This is illustrated with the first graph on slide 32 of the Theory of Money Powerpoints.

7 0

3 years ago

Which methods of evaluating a capital investment project use cash flows as a measurement basis?

bixtya [17]

The method of evaluating a capital investment project that use cash flows as a measurement basis are: Payback period, internal rate of return, and net present value.
- PAyback period, used to determine how much asset is back after the initial saving
- internal rate of return, Used to measure potential profit from an investment
- Net present value, used to determine the worth of all company's assets

6 0

3 years ago

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Which of the following statements is correct?

Kay [80]

Answer:

The correct answer is letter "C": The demand for bourbon whiskey is more elastic than the demand for alcoholic beverages in general.

Explanation:

Elasticity is a measure of the response of variables to a shift in a certain variable. It can explain to what degree the supply or demand for a product or service shifts with the price of the goods or the income of customers. Basic staples such as milk or gasoline tend to be low in elasticity. This is because to change the quantity demanded involves a meaningful change in price or customer income. It's said that luxury goods like high-end vehicles and electronics have high elasticity.

Thus, bourbon whiskey is considered as a luxury beverage compared to other alcoholic drinks. Thus bourbon whiskey is more elastic.

4 0

2 years ago

Which of the following will happen if you miss a monthly credit card payment ?

Irina18 [472]

The correct is option D. If you miss a monthly credit card payment, you will be charged a late fee and you lose reward points.

Further Explanation:

Monthly credit card payment:

Your credit card payment might be determined by taking a percent of the parity toward the part of the bargain cycle and including the month to month money charge. For instance, your base installment is 1% of your parity. Your charge card equalization is $1,000. Your credit card APR is 12% and your money charge for the month is $10.

Credit card payment work:

1. Because your card action is accounted for to the credit departments (which doesn't occur with charge cards), utilizing Master cards dependably can enable you to fabricate great credit.

2. Minimum installment: The measure of your Visa charge that you're required to pay every month, which is normally a little level of your all out parity.

Credit card payment connected:

Previously, Master card organizations would apply any sum past the base installment to the offset with the most minimal financing cost. The parity incorporates the head (the amount you charged, took out as a loan or moved to the card) and the intrigue collected that month dependent on the head and any expenses.

Subject: business

Level: High School

Keywords: Monthly credit card payment, Credit card payment work, Credit card payment connected.

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6 0

3 years ago

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