Answer:
$204,709.68
Explanation:
The mortgage amount is 205,000.
The fixed interest rate of 7.75% per year
monthly payments is 1.468. 65
The amount payable after on the end of month one
Monthly interest = 7.75% / 12
=7.75/100/12
=0.0775/12
=0.0064
amount due after month one mortgage amount 205,000 + interest for month one
=(205,000) x 1 +0.0064
= 205 000x 1.0064583
=206, 323.95
Amount due after payment one
= 206,312- 1.468. 65
=204,855.35
The amount payable at the end of month two = amount after month one payment + interest
=204, 855.35 x 1.00645833
=206,178.373
Amount due after the second payment
=206,178.37-1468.65
=204,709.72
Answer:
because they are at a higher lvel and do mor work
Explanation:
Answer:
Demand decreased and supply increased.
Explanation:
In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted.
Demand and supply have also been generalized to explain macroeconomic variables in a market economy, including the quantity of total output and the general price level. The aggregate demand-aggregate supply model may be the most direct application of supply and demand to macroeconomics, but other macroeconomic models also use supply and demand. Compared to microeconomic uses of demand and supply, different (and more controversial) theoretical considerations apply to such macroeconomic counterparts as aggregate demand and aggregate supply. Demand and supply are also used in macroeconomic theory to relate money supply and money demand to interest rates, and to relate labor supply and labor demand to wage rates.