Using a financial calculator, input the blank interest rate as a percentage to determine the annuity's present or future value.
- An interest rate provides information on how costly borrowing is or how profitable saving is. As a result, the amount you pay for borrowing money, stated as a percentage of the total loan amount, is the interest rate if you are a borrower.
- An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan.
- You may calculate the future value, periodic payment, interest rate, number of compounding periods, and PV using this financial calculator. Each of the tabs that follow represents a parameter that has to be calculated.
Thus, this is what interest rate means.
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Answer:
Purchases on credit in 2017 are $15,007
Explanation:
Credit Purchases can be determined by opening a Total Accounts Payable T - Account as follows :
Total Accounts Payable T - Account
Debit :
Closing Balance $12,603
Cash Payments $20,338
Totals $32,941
Credit :
Opening Balance $17,934
Credit Purchase (Balancing figure) $15,007
Totals $32,941
Considering the situation described above, this demand for bread can be categorized as a "<u>static demand</u>."
This is because a <u>static demand</u> is a type of demand that is not flexible at any given point.
Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.
Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a <u>Static demand</u> because it is stable throughout the year.
Hence, in this case, it is concluded that the correct answer is "<u>Static Demand</u>."
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The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.
An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.
What's equilibrium price and demand?
The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.
What's particular approximately an equilibrium price?
An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.
What's the maximum essential characteristic of the equilibrium price?
The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.
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2,000×((((1+0.08÷4)^(4×15)
−1)÷(0.08÷4))×(1+0.08÷4))
=232,665.14
