Answer:
The correct answer is option c.
Explanation:
Derived demand can be defined as demand for a good or service which is based on the demand for another good or service. The demand for factors of production is derived from or depend upon the goods and services they are used to produce.
So the demand for factors of production is termed as derived demand, as it depends upon the consumer's demand for a good or service.
So if the demand for a good decrease, the demand for the factors of production used in its production will decrease as well.
Answer:
$1696.51
Explanation:
70% of $130 000 = $91 000; number of payments = 12 * 5 years = 60 months
; 4.5% is converted to 4.5/1200 to accommodate the monthly repayments being calculated.
Loan monthly repayment
= principal [ interest (1+ interest)^ number of payments] / [(1+interest)^number of payments - 1]
$91 000 [(4.5/1200* (1+ 4.5/1200)^ 60)] / [((1+4.5/1200)^60) - 1]
= 1696.514751
= 1696.51
Hi I would go with b or c
Answer:
Yes
Explanation:
a payment of something is the value made in exchange for performance of a contract that is acceptable for a contract to be binding
