You plan to purchase a $360,000 house using either a 30-year mortgage obtained from your local savings bank with a rate of 8.60 percent, or a 20-year mortgage with a rate of 7.50 percent. you will make a down payment of 15 percent of the purchase price.
a. calculate the amount of interest and, separately, principal paid on each mortgage. what is the difference in interest paid

Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.