Answer:
I will take management courses at a local business college so that I will be promoted to bank manager in less than five years.
Explanation:
Answer:
$443,091.5
Explanation:
Given that,
Amount of loan, present value = $185,000
Annual rate of interest, r = 7% ÷ 12
= 0.00583
Time period = 30 years
Therefore,
Monthly payments:
![=\frac{r\times PV}{[1 - (1+r)^{-n}]}](https://tex.z-dn.net/?f=%3D%5Cfrac%7Br%5Ctimes%20PV%7D%7B%5B1%20-%20%281%2Br%29%5E%7B-n%7D%5D%7D)
![=\frac{0.00583\times 185,000}{[1 - (1+0.00583)^{-30\times12}]}](https://tex.z-dn.net/?f=%3D%5Cfrac%7B0.00583%5Ctimes%20185%2C000%7D%7B%5B1%20-%20%281%2B0.00583%29%5E%7B-30%5Ctimes12%7D%5D%7D)
![=\frac{1,078.55}{[1 - (1.00583)^{-360}]}](https://tex.z-dn.net/?f=%3D%5Cfrac%7B1%2C078.55%7D%7B%5B1%20-%20%281.00583%29%5E%7B-360%7D%5D%7D)
= 1230.81
Total (principle and interest) will be paid over the life:
= Monthly payments × 360
= $1,230.81 × 360
= $443,091.5
Answer:
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Explanation:
Answer:
D ; increase growth
Explanation:
The discount rate is one of the tools that the Federal Reserve uses to direct monetary policy. Banks are subject to minimum reserves requirements. If a bank falls below this minimum, it can borrow from the banks with a surplus, or borrow from the federal reserve. If it borrows from the Fed, the interest rate that applies is the discount rate. The discount rate is always higher than the fed fund rate; hence, banks use it as a last resort.
The discount rate and the fed rate have similar effects on the economy. The Fed uses the discount rate to regulate the money supply in the country. When the growth in slow, the fed will reduce the discount rate. A low discount rate means the cost of borrowing money goes down. The impact is that individuals and businesses will afford to borrow money for consumption and investment.
Increased levels of investments and consumption will mean a higher GDP, which is growth.
<u>Answer</u>:
Elise Philips, a leading fashion designer, connects with her followers through a strong online presence, promoting her brand and discussing fashion tips through articles and videos on her personal fan page. In this case, the marketing forms Elise uses is (A) Blog
<u>Explanation</u>:
A word “Blog” etymologically speaking, comes from the combination of 2 words- Web and log.
Essentially, a blog is an online account or expression of the writer, and is started with people putting their private experiences online but it has now become a very popular means of promotion and is gaining popularity in most urban areas.
Blog Marketing entails using blogging websites such as Wordpress among others to promote ones’ product to the masses.
The main advantages of Blog marketing include that firstly, it is easier to manage and economically feasible, secondly, it is an effective tool of marketing, especially amongst millennial, thirdly, it gives a more personalised approach to marketing and lastly, it is a great way to improve one’s Search Engine Optimisation ranking.
