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2 years ago

Current disposable income held to buy consumption goods in the future is referred to as:______.

Business

1 answer:

maxonik [38]2 years ago

3 0

The current disposable income held to buy consumption goods in the future is referred to as saving.

Consumables are goods that are best suited for their end use. In other words, the end-user of consumer goods is the consumer themselves, and capital goods are the goods used to manufacture consumer goods.

Common examples include food, drink, clothing, shoes, and gasoline. Consumer services are usually intangible products or actions that are produced and consumed simultaneously.

Learn more about consumption goods here

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Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695

Question: Find interest rate

Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

$A=\frac{P(i*(1+i)^{n})}{(1+i)^{n}-1}$
Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
$A=\frac{26500(i*(1+i)^{60})}{(1+i)^{60}-1}$
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
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Eventually we get the value to stabilize at i=0.016265, or
Monthly interest = 1.6265% (to four decimal places)

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Shelton Enterprises is expecting tremendous growth from its newest boutique store. Next year the store is expected to bring in n

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Answer:

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Explanation:

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If 3,000 is invested at 7% for 6 months,how much simple interest is earned

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3 years ago

n June, one of the processing departments at Football Corporation had beginning work in process inventory of $12,700. During the

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Answer:

$34,700

Explanation:

Calculation to determine what the cost of ending work in process inventory for the department would be:

Using this formula

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