What will the mortgage balance be at the end of the 360th month assuming no prepayments?
What will be an ideal response?
At the end of the 360th month and assuming no prepayments, we know the balance should be zero. This can be confirmed by repeating the earlier use of the equations where we used t = 12 except we not use t = 360 . Doing this gives: MBt = $0 .
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The discount rate is the interest rate on
A. loans of reserves between banks. B. discount loans from the Federal Reserve. C. discount bonds. D. federal agency securities.
Which of the following is FALSE statement about volunteers, from the survey taken in 2005 by the Bureau of Labor Statistics?
a. Women volunteer more often than men b. Less than a quarter of the population of the U.S. volunteers c. Volunters are more likely to be married d. Volunteering is highest in age group 35-44 e. The largest number of volunteers volunteer for a religious organization
Garden Gate is a one-location nursery business, selling plants and flowers for home gardeners. The new owners want to grow through either a product development or diversification strategy. What will the owners likely do if they pursue either strategy?
What will be an ideal response?
The Uniform Partnership Act (UPA) governs the operations of partnerships in the absence of other expressed agreements.
Answer the following statement true (T) or false (F)