Mike bayles has just arranged to purchase a $400,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has an 8 percent stated annual interest rate, compounded monthly, and calls for equal monthly payments over the next 30 years. his first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8.there were no other transaction costs or finance charges. how much will mike's balloon payment be in eight years?

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be: