Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.
<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>
A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.
Learn more about The Truth in Lending Act (TILA) with the help of the given link:
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The appropriate response is the marginal product of labor is at its most elevated. In financial aspects, the marginal product of labor (MPL) is the adjustment in yield that outcomes from utilizing an additional unit of work. The minimal result of an element of generation is by and large characterized as the adjustment in yield-related with an adjustment in that component, holding different contributions to creation steady.
Answer:
so savings = $2200
bonds = $4400
and mutual fund = $3400
Explanation:
given data
received bonus = $10,000
savings account paying = 4.5% per year
bonds paying = 5%
mutual fund that returned = 4%
income from these investments = $455
to find out
How much did the worker place in the government bonds
solution
we consider amount invested for 4.5 % is = x
and hen his investment in bonds is = 2x for 5%
and rest is 10000- x - 2x
that is = (10000- 3x ) for 4%
so
interest equation will be here
0.045 x + 0.05 (2x) + 0.04 (10000-3x) = 455
solve we get
x = 2200
so savings = $2200
bonds = $4400
and mutual fund = $3400
Answer:
Explanation:
the picture attached shows all the explanation needed
Answer:
The correct answer is higher than that for the Hungarian project.
Explanation:
The break-even point is defined as that point or level of sales in which the total income is equal to the total costs and, therefore, no accounting profit or loss is generated in the operation. It is a mechanism for determining the point at which sales will exactly cover total costs. The breakeven point is also known as the Cost-Volume-Profit ratio, and emphasizes the different factors that affect profit. The break-even point allows determining the minimum number of units that must be sold or the minimum value of sales to operate without losses. The analysis of the break-even point answers the question related to the decisions that must be made about the planning of the profits of a company or an investment project. In this regard, it is convenient to say that the study of any investment project must include the calculation of the sales levels (either in units or in pesos) that are required for reach operational balance.
