Answer:
$177,114.99
Explanation:
The ending balance of the loan at the end of the 30th month after the monthly payment is the beginning balance at the beginning of the month plus the interest for the month minus the monthly payment.
Note that the interest expense for the month increases the loan balance while the monthly payment reduces the balance.
interest expense for 30th month=beginning balance*fixed interest rate/2
interest expense for 30th month=$177,391.93*4.375%/12
interest expense for 30th month=$646.74
monthly payment =$923.68
The ending balance of the loan=$177,391.93+$646.74-$923.68
The ending balance of the loan=$177,114.99
Answer:
Answer is option B, i.e. compounding.
Explanation:
Compounding can be understood as an ability of an organization to generate earnings from previous given income. This leads to small growth compared to the previous one and therefore, leads to large differences in income.
The number of opponents a canidate faces
Answer:
Here is 6 ways
Explanation:
1. Set up ways to communicate with your customers
2. Provide extra perks for your most loyal customers
3. Consider different payment plans
4. Provide great customer service
5. Don’t rely too much on technology
6. Offer a head start
