Answer:
It will take 51 months.
Explanation:
As we know the constant payment of $290 monthly is the annuity payment to pay $12,000 with interest rate of 0.84% per month. The Number of Months can be calculated by following formula.
Loan amount = PV = $12,000
Rate of interest = r = 0.84 %
Monthly Payment = P = $290
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
$12,000 = $290 x [ ( 1 - ( 1 + 0.84% )^-n / 0.84% ]
$12000 x 0.84% / $290 = 1 - ( 1 + 0.84% )^-n
0.347586 = 1 - ( 1 + 0.84% )^-n
0.347586 - 1 = - ( 1 + 0.84% )^-n
-0.652414 = - ( 1 + 0.84% )^-n
1 / 0.652414 = 1.0084^n
1.532769 = 1.0084^n
Log 1.532769 = n x log 1.0084
n = Log 1.532769 / log 1.0084
n = 51
The bowed-outward shape of the production possibility frontier illustrates that the <u>opportunity cost</u> of one good in terms of the other depends on how much of each good the economy is producing.
<h3>What is Production Possibility Frontier?</h3>
The production possibility frontier (PPF) is a curve in economics that depicts the maximum amounts that two goods can create if they both rely on the same limited resource for production.
From the attached picture below, Let's assume that:
- The vertical product is: wine
- The horizontal product is: cotton
The bowed-outward shape of the production possibility frontier illustrates that the <u>opportunity cost</u> of one good in terms of the other depends on how much of each good the economy is producing.
Learn more about the production possibility frontier (PPF) here:
brainly.com/question/25071524
In addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Given that industry has adopted proper guidelines and has all legal certifications.
We are required to tell another way to minimize legal risk and liability.
Legal risk and liabilities are those problems which should be avoided by a person or an institution.
One legal liability is to follow industry guidelines and having all certifications and the other one is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Hence in addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Learn more about liabilities at brainly.com/question/14921529
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Technology will replace the workers and the new equilibrium will be at N2'.
Answer: Option 3.
<u>Explanation:</u>
Equilibrium in a perfectly competitive labor market happens when the supply of labor is equal to the demand of labor. As market compensation decline beneath the harmony rate, the interest for work is more noteworthy than the stock, making a deficiency of laborers.
The labor market is in balance when supply approaches request; E* laborers are utilized at a compensation of w*. In harmony, all people who are searching for work at the going compensation can get a new line of work. The triangle P gives the maker excess; the triangle Q gives the specialist overflow.
Answer:
whistle-blowers
Explanation:
A WHISTLE-BLOWER is a person or an individual who took it upon himself/her self to report and expose behavior that are not morally right such as fraud , corruption, money laundering among others in an organization, company or business to outsiders.
Example an individual who report a fraudulent act carried out in his/her organization is called a WHISTLE-BLOWER
Therefore Individuals who report unethical practices by their employer to outsiders are known as WHISTLE-BLOWER
