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You plan to buy a $220,000 house with a 20 year mortgage with a 4.8% nominal annual rate (=A.P.R.) Payments are monthly, interest is monthly compounded, and you did not make a down payment. Assume you make all payments on time, at the end of the month. Answer the following questions.
a) How much is each monthly payment? [2 decimal places]
b) How much interest will you pay with (=in) your 75th payment? [2 decimal places]
c) Now assume you have made payments such that you only owe $150,000 on the mortgage. You decide to increase your payments by $100 per month. How many payments will it take to pay off your mortgage?
XYZ Ltd has three machines in operation. Machine A was bought on 1st January 20x3 at $250,000 and the other two machines; machine B and machine C were bought on 1st January 20x4 at $ 350,000 and $ 300,000 respectively. The business has a policy to..
1. Describe SWOT analysis as a way to guide internal analysis. How does this approach reflect the basic strategic management process? What are potential weaknesses and limitations of SWOT analysis?
This assignment consists of two (2) parts: a project schedule, and a written response. You must submit both parts as separate files for the completion of this assignment. Label each file name according to the part of the assignment it is written f..
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Issues facing companies who should market products that may not be an easy sell. What influences the exchange relationship when the customer doesn't particularly want to BE
Determine the contribution margin in dollars, per unit and as a ratio. b. Using contribution margin technique, compute the break-even point in dollars and in units.
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