D'anthony borrowed $ 50,000, which is the principal amount.
The repayment was $5,000 per year therefore after 15 years he will have paid a total of 15 × $ 5000 = $75,000.
Therefore, the interest accrued will be $75,000 - $ 50,000 = $ 25,000
By calculation interest is given by principal × rate×time
hence, rate = interest ×100 / principal × time
= 25,000 ×100 / 50,000 ×15
= 3.333%
Therefore, the rate of interest was 3.33% per annum
Answer:
$70.83
Explanation:
The Gordon Growth model (or the dividend discount model) provides a simple formula for calculating the intrinsic price of stocks:
price of stocks = dividend / (required rate of return - growth rate)
price of stocks = $4.25 / (13% - 7%) = $4.25 / 6% = $70.83
When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is an Elastic Demand.
<h3>
What is an Elastic Demand?</h3>
- Elastic demand is measured by its percent of change in demand divided by its percent of change in price, provided all other factors remain the same.
- If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.
- An item has elastic demand if its demand changes more than its price changes.
- For example, if two stores sell identical products of the same amount for different prices, incase of a perfectly elastic demand nobody would buy from the seller with higher priced product.
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Bundling of product is a tactic to sell the products and usually the sellers use this type of marketing techniques to sell their products.
<h3>What is a Product?</h3>
A product is a commodity that is produced by a seller and is then sold to the consumer, at a market price.
Bundle of products are made when there are products that have low demand and are not sold separately, these type of products are bundled with the products that have high demand and are presented as a bundle on a relatively cheaper price to attract the customer.
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Answer:
A. Closure
Explanation:
Closure refers to the desire by man to find an answer to a question or a problem, looking for ways to fill in the gap in order to make sense of things that aren't adding up. It drives an aversion towards equivocality. People tend to find closure to make meaning of something or a stimulus that is incomplete. In this scenario, Brandon having problem with is Visa application was the problem/question/stimulus, and his method for closure or as a manner of filling in the gap was assuming every other applicant in his category had the same Visa issue.