Answer:
a. 11,262.88
Explanation:
In this case we are using the formula of an annuity due which is an annuity that starts payment at the beginning of the period.
This formula is
PVannuity due = C * [(1 - ( 1 + i ) ^ {-n}/ i ] * (1 + i)
C = Payments $2,500
i = Interest rate 5.5%
n = Number of payments 5
PVannuity due = 2500 * [(1 - ( 1 + 0,05 ) ^ {-5}/ 0.05 ] * (1 + 0.05)
Answer: 2). Neither U.S. GDP nor U.S. GNP were affected.
Explanation: Gross Domestic Product (GDP) is the total monetary value of all the final goods and services produced in a country during its financial year.
Gross National Product (GNP) on the otherhand is broad measure of the value of all finished goods and services produced in a country in one year by its nationals.
Both GDP and GNP measure goods and services and not financial assets such as shares. Hence, financial assets do NOT contribute to the GDP or GNP of any nation.
A credit report could be a outline of however you have got handled credit accounts, as well as the categories of accounts and your payment history, also as sure alternative info that is reported to credit bureaus by your lenders and creditors.
Your credit report contains personal info, open-end credit history, credit inquiries and public records. This info is reported by your lenders and creditors to the credit
Answer:
The correct answer is letter "B": a shift to the right of the supply curve for A.
Explanation:
According to the supply law, when the quantity supplied of a good increase, so will the price for that good. This will also cause that the supply curve shifts to the right. Then, technological improvements are likely to boost production which implies manufacturing more products, thus, increasing supply.
So, <em>the introduction of technologies in the production of good A will shift the supply curve of A rightwards.</em>
<h2>
Answer:</h2>
x = (log₅7) - 8
<h2>
Explanation:</h2>
<em>Given;</em>
= 7
<em>Take log of both sides;</em>
log₁₀() = log₁₀7 -------------(ii)
<em>From the laws of logarithm remember that;</em>
logₐ xⁿ = n logₐ x
<em>Equation (ii) can then be written as;</em>
(x + 8)log₁₀5 = log₁₀7
<em>Divide both sides by log₁₀5</em>
(x + 8) = 
-----------(iii)
<em>From the laws of logarithm, remember that;</em>
<em>Equation (iii) can thus be written as;</em>
(x + 8) = log₅7
x + 8 = log₅7
<em>Make x subject of the formula;</em>
x = (log₅7) - 8
