Suppose you are buying your first home for $145,000, and you have $15,000 for your down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?
A. $741.57
B. $780.60
C. $821.69
D. $862.77
E. $905.91
Answer: C
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Many consumers are willing to pay $100 for a perfume that contains $10 worth of scent because the perfume is from a well-known brand. What does this image pricing suggest about these consumers?
A) They process prices from left to right. B) They use the price as an indicator of quality. C) They are rounding up the price. D) They are remembering an external frame of reference. E) They are breaking the price into smaller units.
Level Fencing Company wants to present information in "disclosure docu¬ments" via the Internet to prospective franchisees. Among other legal re¬quirements with which Level Fencing must comply, prospective franchisees must
a. agree to settle any lawsuits that may arise over the documents. b. be able to download or save all electronic documents. c. provide e-mail addresses for Level Fencing to verify users' authenticity. d. register with the Federal Trade Commission via Level Fencing's Web site.
What is the term for a will that is handwritten and signed by the testator?
A) Last Will and Testament B) Testament C) Holographic Will D) Nuncupative Will E) Memoir
Warner Co. has budgeted fixed overhead of $150,000. Practical capacity is 6,000 units, and budgeted production is 5,000 units. During February, 4,800 units were produced and $155,600 was spent on fixed overhead. What is the total fixed overhead capacity variance?
A. $30,000 unfavorable B. $5,000 unfavorable C. $25,000 unfavorable D. $5,600 unfavorable