Answer:
$2,584.34
Explanation:
we can use the present value of an ordinary formula to calculate this:
present value = annual payment x annuity factor
- present value = $21,000
- PV annuity factor, 8.25%, 14 periods = 8.12586
annual payment = present value / annuity factor = $21,000 / 8.12586 = $2,584.34
When the interest rates are not whole number, e.g. 4%, instead of trying to use a present value annuity table, you should look online for annuity calculators that will calculate the annuity factors for you.
The passage of the Piece of legislation helped in: Limitations of government expenditure.
<h3>What is Government Expenditure?</h3>
Government expenditure also known as government spending is the expense of government that covers consumption, their investments including all the transfer and statements.
These expenditure is always captured in the piece of legislations and are always there to guide the government. A number of things must be captured in the legislation and the government expenditure is on of them.
Learn more about Government Expenditure here:
brainly.com/question/3652550
We can actually deduce here that based on the change in demand in the apple market, price and quantity will change in such a way that the price and quantity will increase.
<h3>What is change in demand?</h3>
Change in demand actually refers to the way that the demand on goods and services change as result of price increment or decrease or other factors.
We see that if the demand for apples increase as a result of the additional health benefits, the price and quantity will also increase.
Learn more about change in demand on brainly.com/question/4371942
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