You have just borrowed $250,000 from First Source Bank to pu…

You have just borrowed $250,000 from First Source Bank to purchase your new home. You took out a 30-year mortgage and the Annual Percentage Rate (APR) on the loan is 12% per year, compounded monthly. Your monthly payment is $2,571.53 and your first payment must be made one month from today. How much of your 360th payment (your last payment) is interest?

The following information is used for the next two questions…

The following information is used for the next two questions: Suppose you graduate from college today at age 23 (time t=0) and want to retire at age 60 (time t=37).  You expected earn an effective annual rate of 10% on your retirement savings.  You will make equal, end-of-the-year deposits to your account, with the goal to have $3,000,000 in your retirement account when you retire.

During the process of communication, a chain of events occur…

During the process of communication, a chain of events occurs as soon as the message is sent. Steps in this chain include transmission, perception, and evaluation. Place these steps in proper chronological order. (Separate letters by a comma and space as follows: A, B, C.)A.   TransmissionB.   PerceptionC.   Evaluation