Answer:
$11,883.35
Explanation:
The formula for calculating continuous compounding is given below
F=p*e^it
In this question:
F=future value of the amount borrowed today=?
p=amount borrowed today/Purchases made by chris through credit card=$6,925
e=mathematical constant=2.7183
i=interest per annum=18% per annum
t=number of years=3 in this case
F=6,925*e^18%*3
F=$11,883.35
The fourth leading cause of deaths in the construction industry in 2013 was D. getting caught or between two objects.
Falling is the number one cause of deaths, followed by electrocution and being struct by something. Getting caught between objects is the fourth most common way to die when it comes to the construction industry - at least it was 4 years ago.
Answer:
Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters
The parcel of vacant land could be used for building a house for domestic purposes: to be inhabited by a family or any other group of people, or it could also be used for building a commercial property (for example, a convenience shop).
Because the parcel is located at an intersection where there are many commuters, the market will likely determine that a commercial property would be more profitable, since many commuters means many potential customers.
A house, on the other hand, could not be as profitable, because people tend to dislike living in places where there are many people around.
Answer:
c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.
Explanation:
When the demand decreases along with the decrease in supply, obviously the equilibrium quantity will also decrease, to match the level of supply and demand.
But the price cannot be fairly estimated as because the supply is decreased the prices shall increase for equilibrium but as the demand has also decreased the prices shall decrease in order to match the equilibrium.
Thus, the price is ambiguous but definitely the quantity shall stand decreased for equilibrium.
