Decide whether the statement makes sense. Explain your reasoning.If I pay off my mortgage in 12 years instead of 24, I will have to pay about twice as much per month since I will be paying the mortgage off in half the time.
What will be an ideal response?
No, the statement does not make sense. The monthly payments will be higher but much less than twice as much. With a shorter-term loan, the total amount of interest paid over the term will be less. So the total amount of all payments will be much less if the loan is paid off in 12 years instead of 24.
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Solve the equation for the unknown quantity.9x - 9 = 15 - 3x
A. 2 B. 4 C. -2 D. 1
Solve the problem.Budget Summary for the Wonderful Widget Company (all amounts in thousands of dollars)
Assume that for 2018, total receipts are $1,052,701, operating expenses are $578,542, employee benefits are $195,175, security costs are $133,588, and interest on debt is $63,000. Calculate the year-end accumulated debt.
A. $92,922.00 B. -$564,604.00 C. -$40,666.00 D. -$690,604.00
Provide an appropriate response.If you sell a stock for more than you paid for it, you have a __________.
A. capital gain B. return C. dividend D. None of the above
Provide an appropriate response.Simplify: |9-1|
Fill in the blank(s) with the appropriate word(s).