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You are considering buying a new house, and have found that a $200,000, 30-year fixed-rate mortgage is available with an interest rate of 6 percent. This mortgage requires 360 monthly payments of approximately $1,179 each. If the interest rate rises to 7 percent, what will happen to your monthly payment? Instruction: Round to the nearest dollar The monthly payment will be $. Instruction: Round to the nearest tenth of a percent. The change in the monthly payment will be percent while the change in the interest rate will be percent.
i. Compute the B E P in units and in shs. ii. Assume that the company intends to make a profit before tax of 20% of sales, determine the number of units that must be sold.
Interview a small business owner and ask him or her about both the positive and the negative role of government in their business. Write a 2 page summary of your interview and include the questions you asked.
In the Great Plains states west of the Mississippi river, annual rainfall is less than annual water usage for irrigation. The level of groundwater in the Ogallala aquifer that underlies the region is dropping precipitously. On its western edges the a..
q. pb 140 - 4ab where pb is the ticket price paid by businesses measured in dollars and ab is their attendance
Since proposals all suggest some kind of change, the author of the proposal generally has to demonstrate some shortcomings with the status quo, that is, a problem to fix or an untapped opportunity to pursue. In your first posting, then, write a compl..
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
what will happen to the hedonic wage function after the public relations campaign? what will happen to where each individual miner locates on the hedonic wage function?
Suppose two countries, Home and Foreign, produce two goods, timber and televisions. Assume that land is specific to timber, capital is specific to televisions, and labor is free to move between the two industries. Determine whether each statement is ..
What is adverse selection? How do these two concepts relate to the market for insurance and healthcare?
What is the role of the European Parliament? Is it a real parliament that can be compared with a national parliament? Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates. Please discuss the i..
If a producer offers a price that is below a consumer's valuation of the good, the consumer:
A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 X age + 1,300 X years education + 0.116 X household wealth. Explain how to interpret the numbers in this model.
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