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2 years ago

CARLIN:

Business

1 answer:

goldfiish [28.3K]2 years ago

5 0

Carlin will pay a total of $45,000 for interests if she buys an $85,000 house.

<h3>What is the interest?</h3>

The interest refers to the amount of money Carlin needs to pay to the bank for the loan.

<h3>How is the interest calculated?</h3>

Total interest: Percentage given of the total loan.

Let's assume Carlin buys an $85,000 house.

$85,000 - $20,000 (down payment) = $65,000
$65,000 / 100 x 3.89 = $2528

$2528 would be the annual interest paid for $65,000. However, as Carlin pays her debt the total of money left will decrease and so will do the interest that she pays.

Due to this, the total interest would be approximately $45,000.

Learn mor about interest in: brainly.com/question/2883618

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<span>The answer is letter c. approve loans
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3 years ago

Read 2 more answers

"It has been all downhill for the West since China entered the world market; we just can't compete with hundreds of millions

aleksley [76]

Answer:

D. It is cheaper to produce some goods in the U.S. because productivity is higher here.

Explanation:

If the statement "It has been all downhill for the West since China entered the world market; we just can't compete with hundreds of millions of people willing to work for almost nothing." Fails to connect wages and productivity, it means that despite China having many people willing to work for low wages it does not mean they are more productive.

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If China has low productivity with the large workforce it has, it will be cheaper to produce goods in the United States that has a higher productivity.

The United States will be able to maximise inputs used in the production process to give higher output.

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3 years ago

Suppose the government taxes 10 percent of the first $30,000 in income, 20 percent of the next $20,000 in income, and 30 percent

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The marginal tax rate and the average tax rate for a person who earns $70,000 will be $1,443 per month.

<h3>Marginal tax rate </h3>

The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.

<h3>Average tax rate </h3>

A taxpayer's average tax rate (or effective tax rate) is the share of income that they pay in taxes. By contrast, a taxpayer's marginal tax rate is the tax rate imposed on their last dollar of income. Taxpayers' average tax rates are lower — usually much lower — than their marginal rates.

Learn more about marginal tax rate and average tax rate here :

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2 years ago

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Explanation:

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3 years ago

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3 years ago