Alternative 2 Results in the Lowest Overall Cost and Lowest

question 90

Essay

Alternative 2 results in the lowest overall cost and lowest interest cost.A 20 year mortgage biweekly costs $216.04/month more than a 25-year but saves $64,062 over 20 years.The cost per month of bimonthly payments is also slightly lower than monthly payments.This is a good exercise to demonstrate the advantage of shorter term mortgages.
-How long does it take $1,000 to double in value if you have a
A)3% return
B)6% return
C)10% return
Assume compounding monthly.

• A)3% return
• B)6% return
• C)10% return
• Assume compounding monthly.

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Definitions:

Mildly Negative Information

Information that, while not overwhelmingly detrimental, has a somewhat adverse impact on perception or outcomes.

Positive Message

Communication that conveys good news, encouragement, or optimism.

Routine Replies

Standard responses to common inquiries or situations, often used in customer service and communication protocols.

Indirect Approach

A communication strategy that presents supporting details first, leading up to the main point or request, often used to soften the impact of negative news.