What is the product life cycle how does it affect pricing, Financial Management

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What is the product life cycle how does it affect pricing

1. What is the product life cycle? How does it affect pricing decisions?

2. What will be your monthly payment on a $400,000 15 and a 30 yr mortgage if the rate is 4.15%for people with good credit and 13.5% for people with bad credit 4 calculations? Also, how much interest will you pay over the life of the 4 loans you just calculated? (The mortgage is $400,000 you may have to adjust a bank rate default of 20% down)

3. Why would someone finance a house with a 10 year interest only loan (site 3 reasons)?

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