Answer:
The monthly payment amount would be $821.69
Explanation:
Hi, since you have already paid $15,000 (down payment), the amount of money to be financed is $130,000 ($145,000 - $15,000). Knowing that, we need to solve the following equation for "A".
Where:
Present Value = money borrowed (in our case, $130,000)
r = effective interest rate (in our case, 6.5%/12= 0.5417% or 0.005417)
n = number of periodic payments (in our case, 30*12=360 monthly payments)
Everything should look like this.
Therefore:
So, the monthly payments would be equal to $821.69.
Best of luck.
Answer:
The acronym is PESTEL
Explanation:
P - Political factors affecting the economy e.g new government being elected.
E - Economic factors affecting the economy or the firm e.g changes in tax law.
S - Social factors affecting the economy e.g changes in population or consumers' belief.
T - Technological factors affecting the economy e.g new methods of producing goods or new methods of online banking
E - Environmental factors affecting the economy. e.g new pollution law
L - Legal factors affecting the economy e.g changes in labor law
Answer:
WHOLE LIFE: This policy covers the person for his entire life and then pays a cash revenue that is guaranted for the investments made during the life of the owner of the policy. For this benefits to be obtained the person must pay a fixed high premium for it.
VARIABLE LIFE: This policy covers the person for the same period as the whole life insurance but the premium is not fixed as the cash revenue for investments is not guaranted.
TERM LIFE: The term life insurance is set up for an especific period the premiums are the lowest and persons won't collect any cash payments for revenues made out of investments at the end of the coverage of the policy.
Answer:
Shortage: there is more demand than there is at the equilibrium price. There is also less supply than there is at the equilibrium price, thus there is more quantity demanded than quantity supplied.
Your pretty much short in supply and cant fulfill the demand
While surplus
When a price floor is set above the equilibrium price, quantity supplied will exceed quantity demanded, and excess supply or surpluses will result.
Theirs a a large amount of supply due to the pricing most likely beign high
Explanation:
