Answer:
Sink-Cost Fallacy
Explanation:
According to my research on studies conducted by various behaviorists, I can say that based on the information provided within the question the mental bias that describes Les's behavior is called the Sink-Cost Fallacy. This fallacy/bias refers to when an individual relentlessly continues's a behavior solely because of the resources that they have invested, either being time, money, or effort. Which in this case since, Les invested money into the drink so he does not want to waste it even though it might make him sick.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
6.0%
Explanation:
Given that :
Marginal income tax rate = 32%
Interest rate before taxes = 8.8%
Annual after-tax rate of return if bond matures in 10 years will be the same as the annual after tax rate of return since the annual rate is constant.
Hence,
Annual after tax rate of return = Interest rate × (1 - tax rate)
Annual after tax rate = 8.8% × (1 - 32%)
Annual after tax rate = 0.088 × (1 - 0.32)
Annual after tax rate = 0.088 × 0.68
Annual after tax rate = 0.05984
= 0.05984 × 100%
= 5.984% = 6.0%
Answer:
True
Explanation:
If a natural disaster occurs, house insurance can prevent you from further financial loss, as some compensation would be given.
Answer:
Fran should choose that which compounds quarterly
Explanation:
In Compound Interest investment, the interest at the end of the compounding period is added to form a new base capital.
If this is done every 3 months, the principal at the beginning of each quarter increases while in annual compounding, the interest is added at the end of the year.
Generally, for investment, the more frequent is it compounded the better. On the other hand, less frequent compounding is preferred for borrowers.
Answer:
He needs to know that it is not a scam and that its gonna be a fair I give you give.
Explanation:
