Answer:
$320,244.92
Explanation:
We must first determine the principal of the loan and we can do that by using the present value of an annuity formula:
PV = monthly payment x annuity factor
- monthly payment = $2,356
- PV annuity factor, 360 periods, 0.625% = 143.01763
PV = $2,356 x 143.01763 = $336,950
Once we have calculated the principal, we can prepare an amortization schedule. I used an excel spreadsheet to do it. Four years and 8 months is the same as 56 monthly payments. The principal's balance after the 56th payment is $320,244.92
Answer:
B) increases in spending to fight a recessionary gap may occur too late.
Explanation:
Time lags refers to the time that passes between making a decision and implementing the decision. For example, the FED announces its intention to increase or decrease their interest rate with a lot of anticipation, and sometimes it would be better if they just did it.
Politicians are famous for talking a lot and doing very little, and that happens in every country in the world. During recessions words aren't needed, actions are needed. The problem is that many times words are abundant and actions are scarce. A small problem that is not dealt swiftly and properly can become a huge problem.
Answer:
(C) Identify theft
Explanation:
The security breach means that a person has unauthorized access to the company or person data which is very important to them
In the question, it is mentioned that the security breach harms the customer, whether physical or emotional.
So, if we go to the options
1. Loss of personal property: The security breach is talk about the data, so this personal property option is incorrect.
2. Inaccurate personal data is also not considered because only relevant information should be misused.
3. Loss of access to personal data is also not a reason because we want the person who is doing this malicious thing
4. Credit card fees are irrelevant.
So, the company should identify the theft who is responsible for the security breach.
Answer:
b. Lower Higher
Explanation:
As non interest bearing notes are issued on deep discounted value. The face value of the note is discounted to calculate the cash receipt from the issuance. So, the cash received will be higher than the face value of the note.
If the non interest bearing note is issued on a discounted value the effective interest rate will be higher than the discount rate of the bond because the investor demands the required rate of return which is used to discount and calculating effective rate using discounted value will result the higher rate.
