Answer: $13,161.264
Explanation:
interest rate after first 3 months 9% for 3 months.
I = P x R x T / 100
Where;
I= interest
P= principal
R= interest Rate
= Time
$6000 x 9% x 3 / 100
= $ 1620
Interest for next 3 months 12%
P= $6000 + $1620 = $7620
I= 7620 x 12% x 3 /100 = $2,743.2
Interest after for last 3 months 9%
P= $7620 + $2743.2 = $10,363.2
I = $10,363.2 x 9% x 3 / 100
= $2798.064
Principal after 9months
= $13,161.264
A binding price ceiling is designed to c) keep prices below the equilibrium level.
<h3>What is a binding price?</h3>
A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.
This price is usually set at a price below equilibrium.
Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.
while Consumers are always worse off since they must pay more for a lower quantity.
Learn more about binding price at;
brainly.com/question/19104371
Answer:
Scott's investment is in his own property and not in a common enterprise
Explanation:
From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners