The mortgage contract rate
A)
takes into account all finance charges including points.
B)
is greater than the APR.
C)
cannot change over the life of the loan.
D)
is the interest rate applied to the unpaid mortgage balance.
D
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A firm would be most likely to use backward invention in which of the following situations?
A) when it needs to offer a less complex product in a foreign market than it sells elsewhere B) when it has decided to rely on a straight extension strategy C) when it first markets a product internationally D) when it participates in a free trade zone E) when it relies on the practice of dumping
The copy machine in an office is very unreliable. If it was working yesterday, there is an 80% chance it will work today. If it was not working yesterday, there is a 10% chance it will work today
If it is working today, what is the probability that it will be working 2 days from now? A) 0.16 B) 0.64 C) 0.66 D) 0.80 E) None of the above