Assume you have taken out a partially amortizing loan for $325,000 that has a term of 7 years but amortizes over 30 years. Calculate the balloon payment at maturity (year 7) if the interest rate on this loan is 4.5%.

The balloon payment at maturity (Year 7) if the interest rate on this loan is 4.5% is $282,835.42

Explanation:

Monthly payments=PMT(4.5%/12,12*30,325000)=1646.73

Loan balance after 7 years=FV(4.5%/12,12*7,-1646.73,325000)=282835.42

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

a. primarily outdoors, responding to emergencies and protecting people.

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