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pochemuha
3 years ago
12

Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% inter

est per month. What is the size of the mortgage with these terms?
Business
1 answer:
Igoryamba3 years ago
6 0

Answer:

the size of the mortgage with these terms is $149,138.24

Explanation:

The computation of the size of the mortgage is shown below:

Present value of annuity is

=  Monthly payment × {[1 - (1 + rate of interest)^-number of months] ÷ rate of interest}

= $1,200 × {[1 - (1 + 0.0075)^-360] ÷ 0.0075}    

= $1,200 × 124.2819      

= $149,138.24

The 360 is come from

= 30 years × 12 months

= 360 months

hence, the size of the mortgage with these terms is $149,138.24

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Nadusha1986 [10]

Clearer question;

Tom, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Tom later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies ____.

Answer:

<u>3. can get started more easily and maneuver faster</u>

Explanation:

Remember, a small company is officially viewed as one having less than 500 employees.

So, Tom's business qualifies as such, and it is quite true to a large degree that small companies can get started more easily and maneuver faster since they require less staff management.

4 0
4 years ago
Beth was interviewing candidates for a sales position in her department after her last two sales consultants left the position b
mr_godi [17]

Answers: selective perception

Explanation: Beth's decision to hire only male sales consultants was as a result of the experiences she had with her previous female consultants. She believes male consultants are less likely to leave due to family issues that requires sorting out, or at least not as frequently as do the females. This is based on selective perception, a form of bias wherein we interpret information in a way that is consistent with our existing value, beliefs, emotions or experiences etc. It is defined as that which makes individuals process stimuli most relevant to their needs and evaluation. Several factors influencing selective perception include previous experience, attitudes, conditioning, gender, age, race and emotional state.

8 0
3 years ago
The Rasputin Brewery is considering using a public warehouse loan as part of its​ short-term financing. The firm will require a
marusya05 [52]

Answer

The answer and procedures of the exercise are attached in the image below.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
4 years ago
Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to comm
UkoKoshka [18]

Answer:

D. Not effective

Explanation:

a. Effective if there are no other potential buyers.

b. Effective if TPI does not advertise the offer generally.

c. Effective if U-Store-It is currently expanding its facilities.

d. Not effective.

From the question, we are informed about how Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to communicate the offer to U-Store-It. In this case This offer is Not effective, this is because the offer wasnt communicated to U-Store. An offer can only be regarded as effective offer when 1) offeror is effective and serious to perform the offer

2) the terms and conditions of the offer is certain.

3) the offer is communicated to the offeree.

8 0
3 years ago
Raman is a Government servant, his wife Radha is an advocate and their son Amit is engaged in retailing of electronic goods. Ide
Ede4ka [16]

Answer:

Kindly see Explanation

Explanation:

Raman is described above as being a government servant, this means Raman is an employee of the Federal or State Government. In other words, Raman works in a government runned establishment. Raman is in the civil service.

Radha who is described as an advocate could be explained as an individual who lends his or her voice in other to make others get heard or a protagonist of a certain course.Radha could be described as being into Law or judicial activities.

Amit who retails electronic goods could be described as being self-employed who is into buying and selling.

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1.) Engagement sector:

Raman works in the civil service, while Radha work is inclined with the legal and activism process and Amit is into commerce.

EMPLOYER:

2.) Raman is clearly a government employee, Radha could work for Non-governmental or Volunteer organizations, while Amit is Self-employed.

DECISION-MAKING :

3.) Raman works based on defined government framework and rules, Radha as an advocate is more inclined towards promoting morality, While Amit will make decisions based on what is best for his business as an entrepreneur.

8 0
3 years ago
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