<span>It is believed to be factual or true by most people.</span>
Answer: 20%
Explanation:
The annual interest rate that John earned in this investment will be calculated thus:
At the annual interest rate, the money that's invested will be equal to the money that's earned. Therefore,
10000 = 2000/[1+20%]¹ + 29860/[1+20%]^7
10000 = 2000/(1+0.2)¹ + 29860/(1+0.2)^7
10000 = 1666.67 + 8333.33
10000 = 10000
Therefore, the annual interest rate John earned in this investment is 20%.
Answer:
b) $11,760
Explanation:
Using the straight-line deprecition method, the annual depreciation mount for an asset is an equal amount which is equal to
Annual depreciation = Cost of the assets - Salvage value/ Expected useful life
<em>Cost of assets include the purchase price plus every other costs incurred to bring them for the intended use.</em>
<em>Cost of equipment</em> = 60,000 + 2,800 + 8,000 =70,800
<em>Annual depreciation</em> = (70,800 - 12,000)/5
= $11,760
The United States cartels are in violation of the antitrust laws.
<h3>
What is Antitrust Law?</h3>
Antitrust Law is the US based law which is based on the federal laws that how to regulate the conduct in the business in order to promote the competition and remove the monopoly of one single company.
The purpose of the US cartels is look after the market prices and curtail the monopoly of the one industry.
In order to maximize profit and disturb market equilibrium, two or more competing enterprises must collude to agree on selling prices or quantities.
Thus The United States cartels are in violation of the antitrust laws.
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Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two discount points at closing. Cost them is $3,610.
A discount point is 1% of the loan amount. Bob and Mary are paying two points (or 2% of $180,500), which is $3,610.
What is discount points?
- Discount points are a shape of paid ahead of time intrigued that contract borrowers can buy to lower the intrigued rate on their consequent month to month payments.
- Discount points are a one-time expense, paid up front either when a contract is to begin with orchestrated or amid a refinance.
- Each markdown point for the most part costs 1% of the overall credit and brings down the loan’s intrigued rate by one-eighth to one-quarter of a percent.
- Points don’t continuously got to be paid out of the buyer’s stash; they can some of the time be rolled into the advance adjust or paid by the vender.
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