The monthly payments will be $464.44
in this problem we are given the present value of the annuity or house which is $60000 - $20000 = $40000 we subtract because the $20000 will be paid as a lumpsum. this will be denoted by Pv.
we are given the period n for this mortgage repayment which is 10 years but its stated that this individual will pay monthly so the period of payments n is 10 x 12 =120 payments will be done.
the interest rate is also given as 7%which is not adjusted over the periodic payments so i is 7%/12 thereafter we find the monthly payments which will be denoted by C in the present value formula :
then we substitute the above mentioned values
$40000=C[(1-(1+(7%/12))^-120)/(7%/12)] then we divide both sides by the value that multiplies C to solve for C the monthly payments.
$40000/[(1-(1+(7%/12))^-120)/(7%/12)] = C, then compute on calculator.
therefore C the montly payments is $464.44
we use the present value annuity as it is a series of periodic payments in the futer for a value given now.
In the military field, we generally make the following distinction between strategy and tactics: Group of answer choices A. Tactics relate to specific actions whereas strategy relates to the overall plan*B. Tactics encompass specific political actions within the firm whereas strategy is the overall plan for deploying resources to establish a favorable positionC. Tactics form the overall plan whereas strategy is concerned with the maneuvers to win battles D. Tactics comprise the overall plan whereas strategy focuses on specific actions
A- Tactics relate to specific actions whereas strategy relates to the overall plan.
In the military, tactics are the means used to achieve an objective, while strategy is the overall plan to be achieved. In other words, tactics are specific actions taken to achieve the strategy. In warfare, achieving a strategy involves key and complex steps and decisions.
For example, in winning a war against another country, obliterating their military forces to wreck the nation's ability to wage war could be a strategy. The tactics involved on the other hand will be more specific actions like missile attacks, unexpected attacks on their facilities and so on.
Tactics and Strategy are interwoven, strategy being the envelope covering tactics employed in warfare.
Suppose an 18 percent drop in the price of strawberries leads to a 24 percent increase in the quantity demanded of strawberries and a 12 percent decrease in the quantity demanded of plums. What is the price elasticity of demand for strawberries?
Percentage change in the price of strawberries = 18 percent
Percentage change in the quantity demanded of strawberries = 24 percent
Percentage change in the quantity demanded of plums = 12 percent
Price elasticity of demand:
= Percentage change in the quantity demanded of strawberries ÷ Percentage change in the price level of strawberries
= 24 ÷ 18
= - 1.33
What is most likely to happen if a health system punishes an individual for an unintended error that was the result of a systems problem?
Harrison works at a nationally known grocery store chain. he is analyzing sales data from the past five years to determine which low-selling products should be discontinued. harrison is most likely a(n) ________.
Based on the scenario, Harrison is likely a data scientist. A data scientist is a scientist that focuses more on interdisciplinary field that covers system, process and as well as scientific methods in means of having to gain knowledge or insights regarding a particular data.
____________ refers to the creation of new kinds of intermediaries that simply could not have existed before the advent of ebusiness, including comparison-shopping sites such as Kelkoo and bank account aggregation services such as Citibank. Cybermediation Reintermediation Disintermediation
Cybermediation explains that a device extranet can used to redesign inter organizational structures and provide the evidence for the ongoing creative destruction of the existing business practices done by the Internet technologies .
Hence , from the question data , the correct term for the given information is Cybermediation .
Brianne is giving a speech on how explosions are created in movies. She states everything in a similar manner, with little inflection. Eventually, despite her explosive content, she notices that many in her audience are looking bored, and one is actually taking a nap. Which of the following would be the most effective way to make the delivery of her speech more engaging?A. Increase volumeB. Insert more pausesC. Adopt a monotoneD. Alter her pitch
Pause is a type of oral punctuation that allows the audience to think over what is being discussed during speech presentation. So also , the speaker has the opportunity to evaluate next points to be delivered while observing a pause.
Inserting pauses in speech delivery allows flexibility , deeper illustration and a good degree of understanding by the audience.
If used well , it can be used to get the attention of the audience while giving crucial points during a speech.
During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone, which of the following is not correct? A) Net income amounted to $350.
B) Total assets increased by $200.
C) Cash inflow from operating activities was $350.
D) Cash inflow from operating activities was $200.
B) Total assets increased by $200.
If during Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone:
Then it is correct that there was a net income of $350 before the payment of dividend which is gotten by 1,950 - 1,600. Cash from operating activities will also be the same amount of $350.
However it will not be correct to state that assets increased by $200 as there is no such indication.
Walking Together, an NGO, uses historical trends to determine in which month the amount given as donations is the highest, and then sets the dates for its donation drives based on the trends. This is an example of ________.a. customer relationship management b. data-driven decision making
c. business process reengineering
d. intuitive decision making
B) data-driven decision making
Data driven decision making (DDDM) is a decision making process that relies heavily on hard data and previously collected and analyzed information. This method rejects any type of decision made without hard facts that support it, e.g. intuitive or spontaneous decisions.
The problem with this decision making process is that information that was useful before may not be useful anymore in the present. If you are going to base your decisions only in past information, your decisions may be obsolete.
3. BP's committing of$500 million to partnership with University of California-Berkeley to develop new sources of energy is a capital budgeting decision. a.True b.False
A capital budgeting decision refers to how a business decides to invest money it already holds. Businesses decide how to invest their current assets anticipating the potential future revenues that those investments will yield.
In this case, BP is investing $500 with the University of California-Berkeley probably as an sponsor of research projects (as part of R&D). Any potentially revenue generating project should then be shared by both the university and BP.