You are saving for the down payment on a house. The houses in the area you prefer have an average selling price of $450,000 and you need a 10% down payment to ensure your mortgage payments are not too high. You have $30,000 saved that you can invest today at 6.5% (annual compounding).
a) How long before you will have enough for the down payment saved?
b) You want to buy the house sooner. In addition to the $30,000 saved to date, how much would you need to invest each month (into the same investment) in order to have enough for the down payment in 2 years?
c) What would your payments be for part (b) if you made them at the beginning of the month instead of the end?
In: Finance
A property was purchased for $8036.00 down and payments of $1451.00 at the end of every six months for 4 years. Interest is 8 % per annum compounded annually. What was the purchase price of the property? How much is the cost of financing?
In: Finance
What is Fiscal Gap? Explain in words and write down the formula.
In: Economics
Show that the following language is decidable APDA = { | M is a push down automata that accepts string w} Explain your steps.
In: Computer Science
In: Anatomy and Physiology
In: Accounting
You are walking down the street and are startled by a car which backfires in the street. Briefly describe the process of sensing and responding to this auditory stimulus. Be very specific about the efferent pathway that will be involved in your response. Include nervous system division, neurotransmitter(s) that will be utilized and stimulations of effector(s).
In: Anatomy and Physiology
In: Physics
Q-2) write down the process of iodine manufacture in detail
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In: Chemistry
Phillip was waiting for a bus at a bus stop. Across the street and down the block, a mechanic negligently overinflated a tire he was intending to put onto Marsha’s pickup truck. The exploding tire injured Marsha and frightened a neighborhood dog, which ran down the street and knocked Phillip down, injuring his knee. Phillip sued the mechanic. In applying the Palsgraf v. Long Island Railroad Co. decision to this case, explain in detail why or why not the mechanic would be liable and provide a thorough analysis. Make sure to apply the facts of this situation to the Negligence Analysis as well with particular focus on the Palsgraf application.
In: Economics