Suppose that you are considering taking out an adjustable-rate mortgage with the following terms:

amount borrowed: $225,000

index rate: prime rate (current value is 3.5%)

margin: 200 basis points.

periodic cap: 1.5 percentage points

lifetime cap: 5 percentage points

amortization: 25 years

a. what will the initial monthly payment be for this loan?

b. if the loan’s interest rate adjusts every year and the prime rate falls to 2.75% by the end of the first year, what will your payment be in the second year of the loan?

c. what is the highest interest rate that the lender could charge over the life of the loan?

As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a.apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b.apologize then ask for the server’s name and immediately notify the manager after they leave. c.apologize for the bad experience and ask them to wait as you call the manager to talk to them. d.apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses