Complete question:
The condominium at the beach that you want to buy costs $249,500. You plan to make a cash down payment of 20 percent and finance the balance over 10 years at 6.75 percent. What will be the amount of your monthly mortgage payment?
a. $2,291.89
b. $2,809.10
c. $3,287.46
d. $3,412.67
e. $4,145.68
Answer:
$2,291.89 will be the amount of your monthly mortgage payment
Solution:
A mortgage interest is considered the principal balance.
Every month you spend a portion of your monthly mortgage payment in order to pay off another principal or mortgages debt and a portion of the monthly payments will be charged into interest on the loan.
249500 x 20%= 49900
Amount financed = 249500-49900 = 199,600
Enter 10×12 6.75/12 199,600 0
N I/Y PV PMT FV
-2,291.89
Answer:
59 orders
Explanation:
For computing the how many rolls should order at a time, first we have to determine the economic order quantity which is shown below:
The computation of the economic order quantity is shown below:
= 
where,
Carrying cost = $875 × 20% = $175
And, other items values would remain the same
ow put these values to the above formula
So, the value would be equal to
= 
= 50.71 units
Now The number of orders would be equal to
= Annual demand ÷ economic order quantity
= $3,000 ÷ 50.71 units
= 59 orders
Answer:
Fidel loses his job as an Eligibility Interviewer because Legislators decided to cut his department, even though Fidel was very good at his job.
Explanation:
A layoff refers to the termination of an employment contract due to a shortage of work. Employers initiate layoffs. They may be a temporary suspension of employment or permanent termination.
Layoffs are not a result of an employee's fault or incompetency. They may be caused by declining revenue, some operations' shutdown, automation of processes, and outsourcing of some services.
Fidel's case was a layoff. There was no work available for him after his department was shutdown.
Answer: ability to handle stress
desire for responsibility
Explanation:
Industrial production managers are the individuals who oversee the daily operations of the plants in an organization.
They are responsible for the coordination, and the planning of the activities that are used in the creation of different goods.
According to the video, the qualities needed by Industrial Production Managers include the ability to handle stress and the desire for responsibility.
Answer:
Realistic aspect
Explanation:
Considering the scenario described in the question it can be concluded that Cosmo shifted his focus onto which REALISTIC aspect of goal-setting theory.
This is because following Cosmo making his dream come true of buying the property that his restaurant occupies, the idea that he could rent out the storefront next to the restaurant for added income is a REALISTIC Aspect of Goal Getting.
This implies that Cosmo is more realistic in terms of his financial abilities and willingness to work toward the goal of paying off the mortgage loan
