Answer:
monthly Payment = $937.65
Explanation:
Given that Don bought a new automobile for $28,000 and that Don made a cash down payment of $7,000 also and agreed to pay the remaining balance in 30 monthly installments . We know that the Loan Amount = 28,000 - 7,000 = $21,000 . Now we need to calculating Monthly Payment on Loan by Using TVM Calculation,
We have
PMT = [PV = 21,000, FV = 0, N = 30, I = 0.24/12]
PMT = $937.65
Therefore, the monthly Payment = $937.65
Answer:
Market failure.
Explanation:
In this scenario, the port became so congested such that ships now have to wait hours queing every day just to dock. The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. This is an example of market failure.
A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet demand.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market. Thus, the demand of the consumer of these goods and services are not being met with the level of supply (output) required i.e the forces of demand and supply are not efficient in producing the level of output required by the economy.
Some of the causes of market failure are imperfect information, monopoly, oligopoly, externalities etc.
Answer:
Reduction in interest rate in borrowing will help in solving unemployment because once a loan interest is reduced, people goes straight to get some loans to start private businesses without relying to be employed by other companies rather they become euntreprenuers and manufacturers on their own. They drive on their passion and also will create job opportunities for more unemployed ones.
In most cases ,finance company has high interest rate than bank.
other reason maybe :
Realiabity , risk
According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.
<h3>What do you mean by Uniform Commercial Code?</h3>
The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.
According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.
Learn more about uniform commercial code here:
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