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nevsk [136]
2 years ago
14

Mr. Jagger is purchasing a $3,000,000 home by borrowing 80% of the purchase price. His loan terms are: 15 years amortization, mo

nthly payments, 5.00% annual interest rate. The monthly payment will be: a. $18,979.05 b. $18,599.47 c. $18,409.68 d. $19,358.63 3.488 points
Business
1 answer:
lions [1.4K]2 years ago
5 0

Answer:

Monthly payment= $18,979.05

Explanation:

Giving the following information:

Loan (PV)= 3,000,000*0.8= $2,400,000

Monthly interest rate (i)= 0.05/12= 0.00416667

Number of periods (n)= 15*12= 180 months

<u>To calculate the monthly payment, we need to use the following formula:</u>

Monthly payment= (PV*i) / [1 - (1+i)^(-n)]

Monthly payment= (2,400,000*0.00416667) / [1 - (1.00416667^-180)]

Monthly payment= $18,979.05

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Answer: c. Globalization and manufacturing

Explanation:

Globalization could be defined as the scenario where a business develops the international audience or market it needs for its business.

Globalization and manufacturing affect the transportation system due to some countries are very much developed to carry out efficient business while some are not ready, then production, some countries are ready and have adapted to excellent measures in production and easy transporting of them globally while those which have not trial behind when they can't meet up.

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Kristen saved for over a year so that she could afford a trip to the super bowl if her favorite team won the title. she was exci
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Kristen is justifying the effort of going to the Superbowl. She is saying she had a good time even though her team lost and the game was boring.

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3 years ago
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The best allocation base for assembling activities costs are the number of parts actually assembled.

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If the process is highly automated, then the second best allocation base would be machine hours, but that isn't an option either.

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When preparing responses to behavioral interview questions such as the following, you can organize your ideas according to the STAR format.

S: Situation - Brief background to the story.

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Don't talk too much.

Avoid non-work experience.

Avoid vague answers.

Avoid suspicious situations (such as unethical behavior).

It doesn't sound like you were forced to do what you did.

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