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frez [133]
3 years ago
13

George secured an adjustable-rate mortgage (ARM) loan to help finance the purchase of his home 5 years ago. The amount of the lo

an was $350,000 for a term of 30 years, with interest at the rate of 9%/year compounded monthly. Currently, the interest rate for his ARM is 3.5%/year compounded monthly, and George's monthly payments are due to be reset. What will be the new monthly payment
Business
1 answer:
Minchanka [31]3 years ago
4 0

Answer:

$1,680

Explanation:

during the first 5 years, the monthly payment will = $2,816.18

I prepared an amortization schedule. After the 60th payment, the principal owed = $335,580

the new monthly payment considering that the interest rate fell significantly to 3.5% = $1,680

calculation to determine the monthly payment:

present value of the loan = monthly payment x PVIFA

monthly payment = present value / PVIFA

PVIFA, 0.29167%, 300 periods = 199.7501

monthly payment = $335,580 / 199.7501 = $1,680

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When a toothpaste manufacturer divides the marketplace into smaller targets based on benefits sought by the consumer, this is an
PSYCHO15rus [73]

Answer:

Segmentation.

Explanation:

When a toothpaste manufacturer divides the marketplace into smaller targets based on benefits sought by the consumer, this is an example of market segmentation.

Market segmentation can be defined as the process of aggregating potential consumers (buyers) into a collective groups having common or related needs and are most likely to respond similarly to marketing techniques. These consumers share some traits or characteristics together and these include locations, needs, interests,

A good market segmentation base are divided into four (4) and these are; the behavioral, demographic, psychographic and geographical. Also, these variables are used to determine its strategy or techniques for a market segmentation.

Additionally, tailoring goods or services to the tastes of individual customers on a high-volume scale is a segmentation strategy known as segments of one.

7 0
3 years ago
In its first month of operations, Marigold Corp. made three purchases of merchandise in the following sequence: (1) 240 units at
trapecia [35]

Answer:

A= $1120

Explanation:

6 0
3 years ago
Erin, a department manager, is struggling trying to lead a cross-functional team. Most members are other department managers at
Ksju [112]

Answer:

The correct answer is: Weak Position power.

Explanation:

The position power can be understood as the amount of influence that an individual has over a group. In other words, an individual with strong position power is able to administer either rewards or punishment to the members of a given group

Leaders, usually have strong position powers, specially when the people they are leading are from lower levels.

In this particular case, Erin who is a department manager is struggling trying to lead a cross-functional team because most members are other department managers at her level, and they see no reason to do what she asks. Here, Erin has Weak position power, because she is at the same level of the members of the group she is supoosed to lead.

In conclusion, the correct answer is: Weak Position power.

8 0
3 years ago
carl's television stopped working just before the big game and he did not have enough money to purchase another television. he k
mihalych1998 [28]

Carl's Television Assume that there are no cases that have interpreted the statute and no statutory definitions that apply.We know 18 televisions sets contains 3 defective.

sets => 15 TV sets are ok.So the total number of possible ways for the hotel to buy = C = 43758

At least one of the defective sets, SO we need to find the probability for 1 defective sets, 2 defective sets and 3 defective sets.1. The number of ways the hotel purchases 8 of these televisions sets but have 1 defective one:P() = C * C =6435*3 = 19305

2. The number of ways the hotel purchases 8

of these televisions sets but have 2 defective

one:P(2) = C C = 5005*3= 15015

3. The number of ways the hotel purchases 8

of these televisions sets but have 3 defective

one:P(3) = C5 *=3003*1 = 3003

So the probability that the hotel receives at least

one of the defective sets =(P() + P(2) + P(3) ) /P= (19305 +15015 +3003 ) /43785*100% = 85.29%.

The number of ways the hotel can receive at

least one defective set in a purchase of 8 sets is

calculated using the combination.

To know more about Carl's Television visit:

brainly.com/question/14976957

#SPJ4

7 0
1 year ago
If we compare the betas of various investment opportunities, why do the assets that have higher betas also have higher average e
tester [92]

Answer:

Because they are more riskier and have higher rates of return.

Explanation:

6 0
3 years ago
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