Rachel buys a house and takes out a $150,000 30-year mortgage. The interest rate is 12% convertible monthly and Rachel makes monthly payments of $1,400 for the first 3 years. Determine how large her monthly payment needs to be for the remaining 27 years in order to pay off the mortgage at the end of the 30-year period.

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?