Here is a present value equation which is a geometric sequence
i = monthly int rate
v = 1/(1+i)
20 yr loan (240 months)
<span>155,000 = P(v + v^2 + ...v^240)
</span>
15 yr loan (180 months)
<span>155,000 = P(v + v^2+ ...v^180)
</span>Use formula for sum of geometric series:
<span>Sn = v + v^2 + ...vn = <span><span>v(1−vn) / </span><span>1−v
</span></span></span><span>
Now you can find the monthly payments for each loan.
Multiply the payment by length of loan to get total payment, subtract loan amount to get total interest paid.
The answer would be </span><span>$40,013.40.</span>
Answer: • Defensive operations are usually common and that the dynamic open market operations is smaller than the volume of the defensive open market operations.
Explanation:
Open market operations is when treasury bills and securities are on sale in an economy. It is typically bought by the central bank to ensure that money is available in an economy.
Open market operations are typically repurchase agreements tells us that defensive operations are usually common and that the dynamic open market operations is smaller than the volume of the defensive open market operations.
Answer: demand forecast
Explanation:
Demand forecast simply means predicting the demand for a particular good or service in order to determine supply and also make other necessary management decisions.
Based on the information that were provided in the question, to staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a demand forecast.
Answer:
b. First movers have an advantage because their customers avoid switching costs.
Explanation:
First movers have an advantage because their customers avoid switching costs is a FALSE statement among provided statement.