Answer:
First Financial would divide the $10,500 loan by the present value of annuity due of 1.
The correct answer is C
Explanation:
Present value of annuity formula is used for determining the amount of loan payment. Since the payments will be made at the beginning of each month, we will apply the formula for present value of annuity due. In order to determine the amount of monthly payment, we will divide the principal by the present value of annuity due of 1.
Answer:
It's represented by a movement along the demand curve
Answer:
the six stages of the product adoption process are :
1. Awareness.
2. Interest.
3. Evaluation.
4. Adoption
5. Confirmation
6. trial
Answer:
The correct answer is option d.
Explanation:
When there is an increase in the price level, the purchasing power of money decreases. People will need more amount of money to purchase the same level of goods. This will reduce the real value of wealth.
When the purchasing power decreases and people need more amount of money to purchase the same level of goods, the demand for money will increase. This will cause the interest rate to rise as well.
As the price level increases, domestic goods become relatively expensive. This will cause the export demands to decline. So the demand for domestic currency will also decline. This will further cause the value of currency to depreciate.