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dedylja [7]
3 years ago
13

Gabrielle daily borrows $1,000 at a 6 percent add-on rate for one year.what is the finance charge?answers

Business
1 answer:
denpristay [2]3 years ago
5 0
P - principle of the loan
FC - finance change or total interest 
N - number of months the loan is force

FC = ($1,000 x .06 x 1) 
FC = $60

Finance charge is $60.
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AS/AD model - If there is a decrease in Aggregate Income and Spending in this economy, then the equilibrium could shift from ___
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Aggregate supply is the quantity of goods and services producers make available for sale and is equal to the money income received by the owner's of the factors of production. Aggregate demand is the total demand for final goods and services in the economy at a given period of time and at a given price level. It is the sum of money consumers planned to spent on the purchase of output in an economy at a given period of time.The equilibrium level of income is the income level at which aggregate supply equals aggregate demand. The Aggregate income on the other hand, is the total amount of income received by all factors of production in an economy at a given period.

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8 0
3 years ago
Which of the following statements about federal student loans is true?
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Explanation:

a. The computation of the book value and market value of the firm is shown below:

The book value = Invested amount = $1,200,000

The market value = Invested amount + sales value

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                             = $49,200,000

b. The computation of the price per share and the book value per share is shown below:

Price per share = Market value of firm ÷ Number of shares

                          = $49,200,000 ÷ $2,000,000

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Book value per share = Book value of firm ÷ Number of shares

                          = 1,200,000 ÷ $2,000,000

                          = $0.60

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