Answer:
Monthly deposit= $2,625.16
Explanation:
Giving the following information:
Total cost= 2,676*3= $8,028
Monthly interest rate0 0.023/12= 0.00192
<u>First, we need to calculate the nominal value required at the end of the third month:</u>
PV= FV / (1 + i)^n
FV= 8,028
i= 0.00192
n= 9 months
PV= 8,028 / (1.00192^9)
PV= $7,890.6
<u>Now, the monthly investment to reach $7,890.6:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (7,890.6*0.00192) / [(1.00192^3) - 1]
A= $2,625.16
The price of the refrigerator before markup will be $325. This can be calculated by reversing the markup in the price of the refrigerator.
<h3>What is Markup?</h3>
Markup basically refers to the difference between the selling price of a good and its cost. The markup is generally expressed as a percentage and is added to the cost of the good to ensure cost cover and earn profit.
For the given question, the before markup price can be calculated as:
Given:
Makeup is the addition to the original price of a good. The after markup price can be taken as 100% + 25% = 125% of original price.
Then original price can be calculated as:
Therefore the before markup price is $325.
Learn more about markup here:
brainly.com/question/5189512
Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
Because there is only one firm in the monopoly industry, a monopoly's demand curve is the industry's demand curve
Answer:
Steve
Explanation:
because he can get in contact with Steve while in the hotel
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