Answer: $387.23
Explanation:
Given that,
Borrowed from bank, P = $50,000
Annual interest rate, r = 8% = 0.08
Monthly rate of interest = 
= 0.0067
Tenure(period), n = 25 years = 25 × 12
= 300 months
![Monthly\ Installments=\frac{P\times r\times (1+r)^{n}}{[(1+r)^{n}-1]}](https://tex.z-dn.net/?f=Monthly%5C%20Installments%3D%5Cfrac%7BP%5Ctimes%20r%5Ctimes%20%281%2Br%29%5E%7Bn%7D%7D%7B%5B%281%2Br%29%5E%7Bn%7D-1%5D%7D)
![Monthly\ Installments=\frac{50,000\times 0.0067\times (1+0.0067)^{300}}{[(1+0.0067)^{300}-1]}](https://tex.z-dn.net/?f=Monthly%5C%20Installments%3D%5Cfrac%7B50%2C000%5Ctimes%200.0067%5Ctimes%20%281%2B0.0067%29%5E%7B300%7D%7D%7B%5B%281%2B0.0067%29%5E%7B300%7D-1%5D%7D)
= 387.23
Therefore, the required monthly payment is $387.23
Answer:
b). Positive
Explanation:
The nature of the balance of trade if imports are of manufactured goods is POSITIVE
Considering that Balance of trade is a term that is used to describe the difference between the imports and exports value of a country over a given period.
Hence, when a country manufactured goods instead of importing them, the balance of trade is believed to be Positive.
On the other hand, when a country imports goods instead of manufacturing them, the balance of trade is believed to be negative.
This depends on what the daily limit is for your card.
Usually the theft should be reported right away.
The answer to this question is bonds. Bonds are an
investment type where in investors’ gains a fixed-income over their
investments. Bonds are less risky because the return of investment is in a
fixed rate and this is less vulnerable to price swings in the stock market.
