Paul obtains a $300,000 mortgage loan a 5/1 interest-only ARM with a 10 year balloon at a 3% start rate, a 2% margin, and 2/6 caps. The initial monthly payment for the loan is $750. On the anniversary date of the loan, the index being used adjusts as follows: Year 1: 2.50% (initial year); Year 2: 2.75%; Year 3: 3.25%; Year 4: 3.50%; Year 5: 3.75%; Year 6: 3.00%; Year 7: 2.80%; and Year 8: 5.00%. What will be Paul's monthly payment in year 4
Paul's monthly payment in year 4 is $1,050.
Data and Calculations:
Mortgage loan = $300,000
Mortgage term = 10 years
5/1 interest-only ARM rate = 3%
Interest margin = 2%
Interest caps = 2/6
Initial monthly payment = $750
The index adjustment is as follows:
Year 1 2.50% (initial year)
Year 2 2.75%
Year 3 3.25%
Year 4 3.50%
Year 5 3.75%
Year 6 3.00%
Year 7 2.80%
Year 8 5.00%
Thus, Paul's monthly payment in year 4 is $1,050 ($750/2.50% x 3.50%).
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There are currently 69,000,000 U.S. Twitter users. Roughly 46% of Twitter are on the platform daily. How many Twitter users are on the platform daily?
a) 25,184,000
b) 31,740,000
c) 36,688,000
d) 42,044,000
Answer:
b. = 31,740,000
Explanation:
69,000,000 - 46% = 37260000
69,000,000 - 37260000 = 31,740,000
Pete and Mason are shopping for Cheese-its for a class activity. They needed several boxes. Which prices give the better deal.
A. $1.25 per box
B. $5.50 for 3 boxes
c. Buy 1 at regular price ($3.50) and get one at 50% off
D. $2.75 per box and a coupon for $1.00 off
Answer:
I believe A. $1.25 per box would be the best deal.
Explanation:
This is because A is $1.25 per box,
B. is about $1.83 per box (5.50/3 divided by 3/3 = about 1.83/1)
C. Would be 1 box = $3.50, and the next $1.75 (which is still not less then just $1.25 per box)
and D. would be $2.75-$1 off = $1.75
Out of all of them, A is cheapest/gives the best deal.
Not sure if all calculations are correct, but I hope this helps! :)
John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14. 28 % interest per annum, compounded monthly. If he can only be able to pay back $43,367. 21 per annum at the beginning of each year, When will John fully pay all of his debt to the bank?.
Based on the present value of the loan and the relevant interest rate, the time it would take to pay off the debt is 21 years.
First convert the interest rate to a monthly rate:
= 14.28% / 12
= 1.19%
To find the number of months it would take, use the NPER function in Excel as shown in the attachment.
The Number of periods is therefore 252 months.
In years this is:
= 252 / 12
= 21 years
In conclusion, it would take 21 years to pay off.
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Which factor could affect the relative value units of a procedure?
It should be noted that the factors that could affect the relative value units include the physicians work and practice expenses.
It should be noted that the relative value units of a procedure don't define the physician's compensation amounts directly.
The relative value units of a procedure define the value of a service. It includes physicians work, practice expenses, liability insurance expenses, etc.
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How can the Early Modern English expression "unfold yourself" be paraphrased to better understand its meaning? put your arms up turn around remove your cape explain yourself.
The way the Early Modern English expression "unfold yourself" can be paraphrased to better understand its meaning is:
By explaining the context in which it was used and how it means that a person should reveal himself.This Early Modern English expression is used in the play Hamlet by Shakespeare where a character was wearing a cape and was asked to "unfold himself" which meant to reveal himself.
This is important to note that while this was the original context in which the phrase "unfold yourself" was used, it can also be used to tell a person to be more elaborate about something but evidently means that a person should remove his cape.
With this in mind, this can be paraphrased in this sense:
Andrew, unfold yourself, I need to see who I am speaking to.Therefore, the correct answer is Remove your cape, option C.
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The English modern expression unfolds yourself generally means to explain or elaborate ourselves. The terse lines are given from the Shakespeare play, Hamlet.
The word paraphrased in the hamlet play is used for removing cape rather than explaining yourself.
What are the uses of unfolding yourself?In modern English, unfolding yourself generally refers to revealing something or spread out from a folded state.In the context above, the lines are used from the play Hamlet. In the opening scene of the play, Franciso uses the term 'unfold yourself' which means to remove the cape.
Thus, the correct option is C.
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Lily is planning to sell her home, which she bought seven years ago for a total of $168,000. The property value has increased by 2. 5% each year for the past seven years. In the meantime, Lily has made improvements and renovations to the home which increase its sale value by $52,000. How much will Lily sell the home for, to the nearest hundred dollars? a. $261,500 b. $249,400 c. $267,000 d. $251,700.
The amount that Lily will sell the home for, to the nearest hundred dollars is d. $251,700.
First step is to calculate the amount using this formula
A=P(1+r)^n
Let plug in the formula
A=168,000(1+0.025)^7
A=168,000(1.025)^7
A=168,000(1.18869)
A=199,699
Second step is to calculate the how much will Lily sell the home for.
Selling price=$199,699+$52,000
Selling price=$251,699
Selling price=$251,700 (nearest hundred dollars)
Inconclusion the amount that Lily will sell the home for, to the nearest hundred dollars is d. $251,700.
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Professor Patty is very distraught that three students in her class cannot afford to buy the 42- chapter book for the course. The book is used for two semesters, although not all students take the second semester. She finally tells the three students that she will make copies of the first 21 chapters for them, at no charge. Professor Patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class. If Professor Patty is sued for copyright infringement: __________
a. she wins because the fair use doctrine permits the use of the work for educational purposes.
b. she wins because she is not copying the entire book but only 21 chapters of it and is not making a profit.
c. she loses because by making and distributing the chapters, she is diminishing the value of the book on the national market.
d. she loses because she is copying whole sections and a significant portion of the book.
Answer: C
Explanation:
1. The current exchange rate between the Japanese Yen and the US Dollars is 80:1. If a new
3D TV set in Tokyo costs 80,000 yen, how many US Dollars would you need to purchase the
TV?
Answer:
1,000 US dollars
Explanation: 80,000 divided by the 80-1 ratio would equal 1000$
80,000/80=1000
The current exchange rate between the Japanese Yen and the US Dollars is 80:1. You would need 1,000 US dollars to purchase the TV.
What is exchange rate?The price at which one currency will be traded for another is known as the exchange rate. Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.
The rate at which one currency will be exchanged for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand.
You would need 1,000 US dollars to purchase the TV.
80,000 divided by the 80-1 ratio = 1000$
80,000/80=1000
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#SPJ2
The construction industry employs about ____ percent of the working people in the United States and Canada.
If you decide to advertise in a newspaper, which tip could be used to help you write an effective and appealing ad?
If you decide to advertise in a newspaper, the tip that could be used to help you write an effective and attractive ad is to create a headline that catches your target audience's attention, as this is the first contact with your ad that may cause interest in advertising.
Some tips for writing an effective ad in a newspaper are:
Determine the target audienceDetermine ad contentBuild a good layoutOffer unique opportunitiesCall consumers to actionTherefore, it is essential that when choosing the channel where your ad will be published, you verify that it is the most appropriate channel to attract the attention of your audience.
In a newspaper, it is effective to use advertisements that portray urgency, opportunity, and calls to action.
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Is someone smart here?
Answer:i think it is A
Explanation: the reason its a is because the maximum would prevent people paying to much for gas
Pls help Which of the following is not an example of in-kind assistance? (1 point)
Low Income Home Energy Assistance Program
O
National School Lunch Program
O
Social Security income
Supplemental Nutrition Assistance Program
Answer:
The Answer is Social Security income
Explanation:
I know this is correct because I just finished the quick check this question was in.
Social Security income is an example of in-kind assistance as in this program the government supports the low-income people and the people with major disabilities.
What is in-kind assistance?
When someone is receiving in-kind support when one offers other a service, supplies, or free assistance. In-kind support is when another group provides free office equipment or meeting space.
The use of a company car or van, private medical insurance paid for by the employer, and the employer helping the employee to transfer the work are examples of in-kind assistance.
Thus, Social Security income is the not correct option for in-kind assistance.
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When a firm depends on customer advocacy for the promotion of its products, it faces which challenge?
A challenge which would faced by a business firm that depends on customer advocacy for the promotion of its products is: It is difficult to control the promotional messages created by customers.
Customer advocacy can be defined as a strategic process in customer service that involves a business firm placing its focus on what is deemed to be best for its end users or customers. Thus, it typically involves a business firm putting the needs of its customers first while delivering a solution-based assistance through its products and services.
However, a challenge which would faced by a business firm that depends on customer advocacy for the promotion of its products is that it is usually difficult to control the promotional messages created by customers, whether or not it is in line with firm's policy and standards.
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________ is an organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers.
Answer:
Consumerism: An organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers.
Explanation:
hope you have a good day! God bless you and have a good day!
MERRY CHRISTMAS AND HAPPY NEW 2022 YEAR
What is a line extension?
Answer:
line extension is the use of an established product brand name for a new item in the same product category
Explanation:
Inflexible or unreliable processes cause organizations to produce goods before they are required; this is called: A. excess motion. B. inappropriate processes. C. overproduction. D. defects.
According to business operation and standards, inflexible or unreliable processes cause organizations to produce goods before required; this is called "Overproduction."
What is Overproduction?Overproduction is a term used to describe a situation in which a business firm produces or supplies an excess quantity of products that is way more than the quantity demanded in the market.
Overproduction of products usually leads to lower prices and sometimes unemployment of labor.
Hence, in this case, it is concluded that the correct answer is option C. "Overproduction."
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Tom is considering making changes to his policy to make insurance more affordable. Which of the following statements is not something Tom should consider when making changes to his policy? a. Increasing the deductible on collision insurance will reduce his overall monthly and annual expense, but will lead to more out-of-pocket expense if he is in a collision. B. Removing comprehensive insurance will reduce his overall expense, but will leave Tom entirely responsible for the cost of a new windshield if he hits a rock on the highway. C. Increasing the limits on his bodily injury insurance will reduce his overall expense by putting greater limits on how much the insurance company will pay for injuries. D. Removing property damage insurance will reduce his overall expense, but will leave Tom responsible for the cost of repairs to any other cars involved with Tom in a collision. Please select the best answer from the choices provided A B C D.
The statement which is not something Tom should consider when making changes to his policy of making insurance more affordable is:
C. Increasing the limits on his bodily injury insurance will reduce his overall expense by putting greater limits on how much the insurance company will pay for injuries.According to the given question, we are asked to state the statement which is not something Tom should consider when making changes to his policy of making insurance more affordable.
As a result of this, we can see that if Tom is seeking to make some policy changes to his insurance to enable him to reduce the cost of the insurance, he should NOT consider increasing his limits on bodily injury because it would help reduce overall expenses.
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Answer:
c
Explanation:
If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back in total at the end of 2 years
Answer:
1740
Explanation:
1500(1+[tex]\frac{8}{100}[/tex])^2
1500*([tex]\frac{27}{25}[/tex])^2
= 1749.6
A market might have an upward-sloping long-run supply curve if:
Answer:
a. firms have different costs.
Explanation:
A market might have an upward-sloping long-run supply curve if
a. firms have different costs.
b. consumers exercise market power over producers.
c. all factors of production are essentially available in unlimited supply.
d. the entry of new firms into the market has no effect on the cost structure of firms in the market.
Wilbur has $800 to open a checking account. He can maintain a minimum balance of at least $500. He plans to use the ATM twice a month and he maintains a savings account at the same bank. His employer has direct deposit and he sometimes overdrafts his account. Bank Account Terms and Conditions Bank Account terms and conditions. Bank A is best for Wilbur. Wilbur wants a checking account with the lowest fees. Which checking account would be best for Wilbur? Account A Account B Account C Account D.
Answer:
Account A
Explanation:
It should be noted that the checking account that would be best for Wilbur is Account A.
A checking account simply means a type of bank account that allows one to easily deposit and withdraw money to carry out transactions.
From the complete information, it can be noted that Wilbur wants a checking account with the lowest fees. Therefore, the best option that should be chosen is Account A.
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Miguel has been working at his job for 3 years and already filled out a W-4 when he was first hired. This year, he just got married and is planning on filing his taxes jointly with his spouse. What should he do?
Keep the same information on his W-4
Wait until next April to fill out a new W-4
Request to fill out a new W-4 from his employer
Email his HR department that they need to update his W-4
Based on the information regarding the W-4, the thing that should be done next will be C. Request to fill out a new W-4 from his employer.
The W-4 form simply tells the employer, the filing status of the employee, amount of credits, multiple jobs adjustment, amount of other income, deductions, etc that are needed to compute the federal income tax.
Since Miguel was single when he started working with the company but was now married, he should request to fill out a new W-4 from his employer.
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Considering the situation described above, what Miguel should do is to "Request to fill out a new W-4 from his employer."
What is W-4 Form?The W-4 form is the form that is filled by the employee and submitted to the employer to show the filing status, numerous jobs modifications, amount of credits, other income, deductions, and any other amount to withhold from each paycheck to determine the amount of federal income tax to remove and withhold from the employee's salary.
Therefore given that Miguel just got married and is planning on filing his taxes jointly with his spouse, despite having already filled out a W-4 when he was first hired, then action expected from him is to "request to fill out a new W-4., from his employer."
Hence, in this case, it is concluded that the correct answer is option C.
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Which organization, whose launch responded to the emergence of television as the leading medium of advertising, rose to fame in the mid-1950s
Answer:
The Non-profit Television Bureau for Advertising
Explanation:
Free cash flow equals cash provided by operations less capital expenditures and cash dividends. True False
Answer:
true
Explanation:
Rashad doesn't want to spend time organizing his personal financial records. His spouse, Minos, thinks it is worth spending the time to get organized. What should Minos tell Rashad to convince him that organizing personal financial records is beneficial? OA It will be easier to manage daily business activities such as paying bills. OB. People who organize their personal financial records generally do not have to file taxes. OC They cannot lose money on investments as long as they keep good records. OD. Most banks offer a yearly cash bonus if clients have organized financial records.
What Minos should tell Rashad to convince him that organizing personal financial records is beneficial is: A It will be easier to manage daily business activities such as paying bills.
To convince her spouse of the importance of organizing personal financial records, Minos should tell Rashad that organization will help him to coordinate his daily business activities better.
He will not be at a loss of the whereabouts of his financial data.
Therefore, option A is right.
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how to unclog a toilet
Answer:
Use a plunger
Explanation:
Click this link to view O*NET’s Work Context section for Licensing Examiners and Inspectors. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Licensing Examiners and Inspectors? Select four options.
in an open vehicle
telephone
face-to-face discussions
wear specialized safety equipment
contact with others
importance of being exact or accurate
Answer:
A, C, E, F
Explanation:
Answer:
B, C, E, F
Explanation:
reer
You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim?
You see an ad for a payday lender which ends with the tagline, “One payday loan is all it takes to get you back on track.” Does the data above support their advertising claim? No, it does not support their advertising claim.
A contract or ________ stipulates in writing all the client's requirements and gives all of the relevant information.
It should be noted that contract or event profile is usually stipulated in writing all the client's requirements and gives all of the relevant information.
An event profile can be regarded as set of event scripts, which helps to give description about an event.
This profile or contract do list out all the requirements that is needed by a company from the client in executing their services.
Therefore, contract or event profile serves all the client's requirements and gives all of the relevant information.
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You work in sales, and you find your work to be more of a lifestyle than a job. It often involves complex customer situations and weeks of preparation and problem solving to help find workable solutions for those situations. You enjoy it because it enables you to travel to many places and interact with people continuously. However, much of your work involves careful follow-up after your customer visits. Which personal sales channel have you chosen as a career
There are different aspect of sales. The personal sales channel have you chosen as a career is Field selling.
There are different kinds of selling. they include;
Transactional sellingConsultative sellingField selling Collaborative selling, etc.Field marketing which is commonly described as field selling is known to be an old method in direct marketing. It is when people are involved in distributing, auditing, selling etc., on the field. It is known to be a one-way communication tool.
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