Answer:
$15,189.49
Explanation:
In order to determine the annual payment we have to use the PMT formula i.e to be shown in the attachment below:
Given that,
Present value = $200,000 - $29,000 = $171,000
Future value = $0
Rate of interest = 5%
NPER = 30 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So after applying the formula, the annual payment is $15,189.49
Answer:
Standard deviation =21.34
Explanation:
<em>Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .</em>
<em>Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios</em>
Expected return (r) = (13.6% × 0.33 ) + (12.3% × 0.36) + (27%× 0.31)=17.3%
Outcome R (R- r )^2 P×(R- r )^2
Recession 13.6 13.6 4.5
Normal 12.3 24.9 8.9
Boom 27% 94.4 <u> 29.3
</u>
Total <u> 42.7
</u>
Standard deviation = √42.7 = 21.34
Standard deviation =21.34
Answer:
This is a red flag for predatory lending AND mortgage fraud.
Explanation:
Considering the situation above, the statement that BEST describes the situation above is that "This is a red flag for predatory lending AND mortgage fraud."
This is because the act of cheating or fraudulent pursuits of some lenders during the loan process is known as predatory lending, in which lying during loan application is part of it.
Also, fraudulent activities such as misstatement, misrepresentation, or omission about a mortgage loan process are considered a mortgage fraud
Answer:
No they are not optimally employed
Explanation:
When comparing two employees to see if they are optimally employed we will look at the ratio of their productivity and the ratio of their wages.
Ideally the ratio of their wages should be above the ratio of their productivity for them to be optimally employed.
Productivity ratio of A and B= 15 ÷ 20= 0.75
Wage ratio of A and B= 8 ÷ 12= 0.6666
Wage ratio is less than productivity ratio so the employees are not optimally employed.
"Bouncing a check
When a check is deposited in a bank, or when it is written out to a store teller to ultimately deposit in the store bank, the funds are tracing back from an origin bank account. When the check bounces a fee is then charges by both the bank out of which the check is written (for non-sufficient funds) and by the payee. If the payee is a store they will often charge fees that are charged back to them by their bank of deposit."
