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?

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?

If china enforces the software procurement regulation, the most likely result is