Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Those would be unions I believe
A firm that wants to use social media to partner with its customers should hire a social media manager.
<h3>What is Social Media Marketing?</h3>
This refers to the use of social networking applications and websites to create a demand for a product by listing out the benefits of the products using social media to the general public.
Hence, for a firm that wants to make use of social media to communicate with its customers needs the services of a social media manager that would be able to manage the business page of the firm on social media and connect with the audience.
Read more about social media marketing here:
brainly.com/question/21690240
Answer:
$556063.77 is the balloon payment in order to finish the loan in 8 years.
Explanation:
Firstly we will use the Present value formula annuity to find how much will we pay on a monthly basis for the 30 year mortgage loan so we are given :
Pv the present value of the mortgage is $1800000
i which is the interest rate 7.8%/12 as there will be monthly payments
is the number of payments which are 30 x 12 = 360 payments
then we substitute on the formula Pv= C[(1-(1+i)^-n) /i]
we are looking for C the monthly payments
$1800000= C[(1-(1+(7.8%/12))^-360)/(7.8%/12)] now divide by the coefficient of C both sides to solve for C
$1800000/[(1-(1+(7.8%/12))^-360)/(7.8%/12)] = C
$12957.66= C
now if the monthly payment is $12957.66 we will find how much we will pay in 8 years which will be $12957.66 x 12 x 8 = $1 243 936.23 now if this amount is covered for 8 years then the balloon payment is $1800000 - $1243936.23 = $ 556063.77 which is the remaining amount in present value terms, this is the balloon payment to finish the mortgage in 8 years.
Answer:
It is less expensive to keep your old car.
Explanation:
We have been given that you currently drive 250 miles per week in a car that gets 24 miles per gallon of gas.
1 year equals 52 weeks.
5 years equals 260 weeks.
The old car gives a mileage of 24 miles per gallon of gas.
Therefore, the total of using old car for 5 years is $18979.16.
We are told that new car gives a mileage of 53 miles per gallon.
Since the cost of using new car for 5 years is greater than cost of using old car for 5 years, therefore, it is less expensive to keep your old car.
