Answer: $387.23
Explanation:
Given that,
Borrowed from bank, P = $50,000
Annual interest rate, r = 8% = 0.08
Monthly rate of interest = 
= 0.0067
Tenure(period), n = 25 years = 25 × 12
= 300 months
![Monthly\ Installments=\frac{P\times r\times (1+r)^{n}}{[(1+r)^{n}-1]}](https://tex.z-dn.net/?f=Monthly%5C%20Installments%3D%5Cfrac%7BP%5Ctimes%20r%5Ctimes%20%281%2Br%29%5E%7Bn%7D%7D%7B%5B%281%2Br%29%5E%7Bn%7D-1%5D%7D)
![Monthly\ Installments=\frac{50,000\times 0.0067\times (1+0.0067)^{300}}{[(1+0.0067)^{300}-1]}](https://tex.z-dn.net/?f=Monthly%5C%20Installments%3D%5Cfrac%7B50%2C000%5Ctimes%200.0067%5Ctimes%20%281%2B0.0067%29%5E%7B300%7D%7D%7B%5B%281%2B0.0067%29%5E%7B300%7D-1%5D%7D)
= 387.23
Therefore, the required monthly payment is $387.23
Answer:
As a part of <u>sales promotion</u>, supermarkets generally use<u> visual merchandising</u> to attract customers and induce them to make a purchase.
Explanation:
Sales promotion is one form of marketing communications by a business. The objective of sales promotion is to increase sales by offering incentives to consumers or retailers. Sales promotions are carried out in a limited time to stimulate consumer consumption. Their effect may be temporal. Examples of sales promotion include offering free samples, premium offers, discount coupons, contests, and loyalty programs.
Visual merchandisers use their creativity to promote products and services of their organization in retail businesses. They develop eye-catching product displays and design layouts to attract customers and entice them to buy.
False
The short-run effects of an increase in the saving rate include a higher level of productivity, a higher growth rate of productivity, and a higher growth rate of income.
