The Mundane County Council has the following information concerning the upcoming fiscal year’s budget:

Planned Expenditure: $22,550,000

Sales Tax Revenue: $4,000,000

Total Market Value of Property: $781,250,000

User Charge Revenue: $3,250,000

Income Tax Revenue: $1,600,000

Miscellaneous Revenue: $1,200,000

Assessment Ratio: 50%

A residence in Mundane County has an assessed value of $15,000. Its owner qualifies for an old-age exemption of $1,000 and a homestead exemption of $2,000. The property tax rate is $5.00 per $100 of assessed value. What will the property tax bill on this property equal? Express your answer in dollars and round off to the nearest tenth if necessary (e. g., $335.5): $

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The president donald trump