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icang [17]
3 years ago
15

You are a business loan has a variable interest rate next month the annual rate will jump from 6.3% to 7.8%. Your balance is 1,6

20,000 how much your monthly payment go up
Business
1 answer:
sweet [91]3 years ago
3 0

Answer: $‭2,025‬

Explanation:

Your monthly payment based on the rate of 6.3% per annum is:

= (6.3% * 1,620,000 ) / 12 months

= 102,060‬ / 12

= $‭8,505‬

Now that the rate has gone up to 7.8% per annum, the payment is:

=  (7.8% * 1,620,000 ) / 12 months

= ‭126,360‬ / 12

= $‭10,530‬

Payment went up by:

= ‭10,530‬ - 8,505

= $‭2,025‬

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Answer:

The boom and bust cycle is a process of economic expansion and contraction that occurs one after the other. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money.

Explanation:

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The bust periods are referred to as recessions; if the recession is particularly severe, it is called a depression.

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The IMF controls cross border flows by promoting exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.

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3 years ago
On June 1, Year 1 Oxian Corp. receives $24,000 from a customer for work to be performed evenly over the next 2 years. What is th
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Answer:

$7,000 is the amount of revenue in year 1

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social media data may be considered a form of secondary data, since it is information that does not originate as a result of a m
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7 0
2 years ago
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Answer:

D

Explanation:

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