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Homework answers / question archive / 1)Mass production of cows has continued to effect the environment for decades, giving the methane emissions produced by cows
1)Mass production of cows has continued to effect the environment for decades, giving the methane emissions produced by cows. What would happen if there was a reduction in the production of beef? How would it effect the fast food company’s, such as McDonald’s and Hungry Jacks?
2)Consider the following three individuals. Just after their 19th payment: o Robert Dixon had a balance of $80,000 on a 9%, 15-year mortgage; o Wanda Harper had a balance of $80,000 on a 9%, 20-year mortgage; and o Tony Zang had a balance of $80,000 on a 9%, 30-year mortgage. How much interest did each individual pay on the 20th payment?
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2)Interest amount paid on 20th payment = 80000*(9%/12)
Interest amount paid on 20th payment = $600
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For Wanda Harper,
Interest amount paid on 20th payment = 80000*(9%/12)
Interest amount paid on 20th payment = $600
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For Tony Zang,
Interest amount paid on 20th payment = 80000*(9%/12)
Interest amount paid on 20th payment = $600
So, the interest amount paid on 20th payment, remains same for all the three individuals as loan balance and monthly rate remains same.
But the value of each monthly payment changes. It becomes smaller with increase in duration of the payment period when loan amount and rate remains same.
