If the interest rate on an FHA-insured mortgage loan is 5 1/2 percent and the monthly payment is $1,012 the principal sum would be
A) $22,080
B) $220,800
C) $184,000
D) $667,920
Answer: B) $220,800
Business
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Which of the following is true about a simple random sampling?
A) The researcher uses his or her judgment to select people who appear to best fit the requirements of the sample. B) Convenience is the key determinant of who participates. C) Respondents help identify other respondents for the sample. D) Every member of the population is included in the sample. E) Each member of the population has an equal chance of being included in the sample.
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Customer returns, product recalls, and deposit bottles all involve reverse logistics for the retailer
Indicate whether the statement is true or false
Business