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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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DaimlerChrysler decided not to build a $750 million plant in southeast Georgia in spite of the state spending $24 million to pur
VLD [36.1K]

Answer:

Local incentive

Explanation:

Local incentives can be described as economic development incentives like cash and near cash assistance that are provided by the government of a country or state in order to retain current businesses and also to attract new businesses.

These incentives are usually in for of tax breaks, training of workers, infrastructural development, etc.

In the question, Georgia state spending of $24 million to purchase the property and an additional $36 million to prepare the site specifically for DaimlerChrysler are examples of local incentive offered to DaimlerChrysler.

Therefore, the correct answer to fill in the gap is local incentive, we have:

The <u>Local incentive</u> offered was not enough to convince DaimlerChrysler that the Georgia site was a good location for its factory.

7 0
3 years ago
According to the definition of profit, if a profit-maximizing firm will always attempt to produce its desired level of output at
hoa [83]

Answer:

A. Do so regardless of what type of competition exists in a market.

5 0
3 years ago
Help me answer the questions below..
kiruha [24]

Answer:

Florida's natural is best priced per ounce

The next part is what you would prefer. I like me some Tropicana. Mainly because it's easy to come by. The price is fair, and the brand is pretty good.

5 0
3 years ago
Read 2 more answers
How many days will it take for $1500 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/
JulsSmile [24]

Answer:

97 days

Explanation:

In simple interest method, the interest is calculated by the following formula

I= P x R x T

I= interest

P = principal amount

R =interest rate

T= Time

In this case

I=$16

P=$1500$

R= 4% or 0.04%

T= time

$16= $1500 x 0.04 x Time

$16 =60 x Time

Time = 16/60

time = 0.2666 year.

time in days =  0.26666 x 365 days

=97.333 days

=97 days

8 0
3 years ago
Select the sentence where the idea is clearer.
dmitriy555 [2]

Answer:

B. We have every desire and hope of a substantial salary increase.

Explanation:

Prepositions are used along with a noun or a pronoun to indicate a relationship with another word or element in the clause. It makes an idea clearer.

Examples of prepositions are at, for, if, on, in, over, and under.

These are used to describe location time or place. However we should avoid unnecessary use of prepositions.

In this instance the use of for in the following sentence is unnecessary, as 'every desire' is adequate : 'We have every desire for and hope of a substantial salary increase. '

We have every desire and hope of a substantial salary increase. Is a more concise and better option

5 0
3 years ago
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