Answer: A. legal but not ethical
Explanation: Introducing mortgage plans to consumers in other to cater for their needs by a mortgage-loan officer is not a legal crime which will be penalized by the law. However, it is an ethical obligation on the path of the mortgage-loan officer to explain the modalities attached to a certain mortgage plan to consumers, both the advantages and the demerits. In the options ARM mortgage plan, it affords consumers to pay below the interest rate on the mortgage, this short paid interest are later added to the principal and the rates increases. This may cause a lot more harm than good to consumers who do not have detailed knowledge of this particular loan process.
Answer:
a. Ending balance in year 3 = $0
b.
% Interest % Principal
Year 1: 28.82% 71.18%
Year 2: 20.28% 79.72%
Year 3: 10.71% 89.29%
Explanation:
a. Complete an amortization schedule for a $15,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 12% compounded annually. Round all answers to the nearest cent.
Note: See part a of the attached excel file for the calculations.
In the excel function, the yearly payment is calculated by using PMT function in Excel: =PMT(12%,3,-15000,,)
b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places.
Note: See part b of the attached excel file for the calculations.
<span>Penelope is a manager with quick pizza. She is very good at understanding the feelings of her subordinates and takes time out for all of them. She listens to their problems, sympathizes with them, and tries her best to give them solutions regarding the same. From this information, it can be said that penelope is high on agreeableness.
Agreeableness is a personality trait in the Big Five Personality Traits. Someone who is high on agreeableness has a warm and friendly personality. These people get along with others well. </span>
Answer:
ethical
Explanation:
Based on the information provided within the question it can be said that the companies who do this are not operating at an ethical responsibility level with regards to the pyramid of corporate social responsibility. This is mainly because they know that their products are causing lasting negative effects on the individuals who they are marketing too and still continue to do so in order to make a profit, this is nowhere near being ethical.
If you have any more questions feel free to ask away at Brainly.
Answer:
6.69%
Explanation:
Price of Ace products bond issue = $1,196
Annual coupon payment = $80
Current yield = Annual coupon payment / Bond price
Current yield = $80/$1,196
Current yield = 0.0668896
Current yield = 6.69%
