Answer:
X is $30,000
Explanation:
First, we need to calculate the Amount ofLoan
Amount of Loan = Car price - Down payment = $100,848 - $30,000 = $70,848
This is the situation of annuity payment for 4 years at a 25% interest rate with equal annuity payment each year.
Now we will use the following formula to calculate the value of X
PV of Annuity = Annuity payment x ( 1 - ( 1 + interest rate )^-numbers of years ) / Interest rate
Where
PV of Annuity = Amount of Loan = $70,848
Interest rate = 25%
Numbers of years = 4 years
Annuity Payment = X = ?
Placing values in the formula
$70,848 = X x ( 1 - ( 1 + 25% )^-4 ) / 25%
$70,848 = X x 2.3616
X = $70,848 / 2.3616
X = $30,000
Answer:
D. Generates rents that might go to foreigners.
Explanation:
An import quota is the trade restriction imposed by the government on the quantity of the particular commodity to be imported from another country. It protects domestic producers from foreign competition. Overseas goods are generally very cheap compared to locally produced goods, which can destroy a business from the market and can make foreign companies be the leader of the market, who can control the price and quality of the product. Therefore, it very helpful to the local producer in sustaining and generating profit in the market.
The only initial investment is the hard goods. business basics can be learned along the way as well but the first one is most beneficial.
Answer:
Medical profession is very sensitive and intellectual where human life is at risk. A successful effort of a doctor can save a life. Due to that, a doctor is known as 2nd God. When he attempts a major and long surgery, his endurance, hard work and mental ability spotlight his character.
Answer:
1. forced America to produce goods once imported from England ⇒ Embargo Act of 1807: law passed by Thomas Jefferson that prohibited American ships from trading in foreign ports.
2. non-involvement in world affairs ⇒ isolationism: policy that tries to separate a country from getting involved in foreign disputes or political affairs
3. negotiations between labor and management ⇒ collective bargaining: when employers and workers unions discuss wage increases and other working conditions and benefits
4. Alaskan Purchase ⇒ Seward's Folly: Seward's Folly or Seward's Icebox was the term given to the Alaska purchase deal by its opponents who believed Alaska was worthless.
5. battle of San Juan Hill ⇒ Rough Riders: 1st United States Volunteer Cavalry that were led by Leonard Wood and Theodore Roosevelt in the battle of San Juan.
6. combining of corporations ⇒ consolidation: when two corporations merge into one single company.
7. blown up in Havana harbor ⇒ Maine: In 1898 the USS Maine was blown up and sank in Havana, it started the Spanish - American War.
8. Clermont ⇒ Fulton's Folly: Robert Fulton owned the Clermont (AKA Fulton's Folly) was the first steamboat vessel to be used as a commercial way of transportation.
9. interchangeable parts ⇒ standardized parts: The assembly developed by Henry Ford used interchangeable and standardized parts.
