Marlie has to decide whether she could afford to make interest only payments for the first 4.5 years or decides to make no payments during the 4.5 years the interest will be capitalized at the end of the. Suppose marlie decides to defer The payments
Incomplete question. The full question read;
Marlie will be starting college next month. She was approved for a 10-year, Federal Unsubsidized student loan in the amount of $18,800 at 4.29%. She knows she has the option of beginning repayment of the loan in 4.5 years. She also knows that during this non-payment time, interest will accrue at 4.29%. Marlie has to decide whether she can afford to make interest-only payments for the first 4.5 years or defer all payments for that period of time. If she decides to make no payments during the 4.5 years, the interest will be capitalized at the end of that period. Suppose Marlie decides to defer the payments.
a. What will be the new principal when she begins making loan payments?
b. How much interest will she pay over the life of the loan?
Answer:
a) $22,429.34.
b) $5,292.20
Explanation:
a. To determine the new principal when she begins making loan payments we use the simple terms formula:
S.I = principal * rate * time
principal = $18,800, rate = 0.0429 (converted to decimal; 4.29/100), time = 4.5
S.I = 18,800 * 0.0429 * 4.5 = $3,629.34
New principal = interest paid + borrowed amount = $3,629.34 + $18,800 = $22,429.34.
b) Remember, she had paid interest for 4.5 years, meaning we are calculating the remaining 5.5 years to complete the 10-year life of the loan, also taking note of the new principal.
Hence the total Interest paid over the life of the loan = $22,429.34 * 0.0429 * 5.5 = $$5,292.20.
The focal point of most ads is _____.
A)the content
B)the tag line
C)the call to action
D)the image
Answer:
A) THE CONTENT
Explanation:
ADS IS PRODUCE BY CONTENT BECAUSE IF YOU DONT HAVE CONTENT YOU DONT HAVE ADS
Where should you look to find your current expenses when building your budget
.....................................hi
Answer:
Hi!! I hope you are great. Thanks for the pts...
are a cellular phones appropriate and suitable for the market and for the customers today? why?
Explanation:
they are suitable since because they help different people to communicate
Answer:
i think this will help you
When you first start planning special event, what do you need to figure out?
A. The number of flyers to print
B. The goal of the event
C. The number of employees who will help plan the event
D. The list of attendees for the event
Answer:
B. The goal of the event
Explanation:
Without knowing what you hope to accomplish you can't plan anything else
Answer:
D.
Explanation:
so that you know how much of everything you are going to need
Type the correct answer in the box. Spell all words correctly.
What does this situation demand from the company?
Martha bought a new laptop a week ago. She’s having trouble understanding how the laptop functions. She wants the store where she bought the laptop to help her. The store should provide Martha with good_______
by giving her all the information she needs.
Answer:
After-sales service
Explanation:
After-sales service are all the efforts of a business to keep its clients happy and satisfied with the products they have purchased. It is providing care to customers after they have made purchases from the business. After-sale service help in retaining and building loyal customers.
Some of the techniques used in after-sales service include
Keeping in touch with customers after purchases Responding to customer queries either on call, emails, or customer visit Offering technical supports when a customer is facing challenges like in the scenario described aboveAnswer:
customer service
Explanation:
I just took the test on Edmentum
What typically motivates entrepreneurs to improve goods and services or create new ones?
A.profit
B.philanthropy
C.prestige
D.production
I need help ASAP
Answer:
A. Profit
Explanation:
Name two occupations in the Hospitality and Tourism Industry- Restaurants and Food/ Breverage Services.
Answer:
chef and waiter
Explanation:
Did you know that you can save 15% or more with GEICO on car insurance?
Did you know that you can save 15% or more with GEICO on car insurance?
Also, when was Geico founded? Why is a gecko the mascot? What is the advertising value of that?
Did you know that you can save 15% or more with GEICO on car insurance?
Did you know that you can save 15% or more with GEICO on car insurance?
Answer:
I totally had no idea
Explanation:
I cant believe it!!
Yes, GEICO claims that you can save 15% or more on car insurance.
The GEICO gecko, also known as the GEICO lizard, became the company's mascot in 1999. The choice of a gecko as a mascot was a strategic decision by GEICO's advertising team. The gecko was selected for its likability and distinctiveness, helping GEICO to stand out in a crowded insurance market. The gecko character quickly gained popularity through memorable and humorous advertisements, which contributed to GEICO's brand recognition.
The advertising value of using a gecko as the mascot lies in its ability to create a strong and memorable association with the GEICO brand. The gecko has become synonymous with GEICO, and the consistent use of the character in their advertising campaigns has helped build trust and familiarity with customers. By utilizing a unique and recognizable mascot, GEICO has successfully captured attention, increased brand awareness, and ultimately attracted customers to explore their insurance offerings.
To know more about insurance here
https://brainly.com/question/989103
#SPJ6
5) Review the following citation. What type of media does it represent?
Patchin, J. W. & Hinduja, S. "School-based Efforts to Prevent Cyber-bullying." The Prevention
Researcher19.3 (2012): 7-9. Print.
Answer:
im bored
Explanation:
im bored