Hey there,
Your question states: <span>Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?
</span>1.5% of 845 is 12.675
So by round this above, your correct answer would be <span>12.68
Hope this helps</span>
I believe the answer is high yield bonds
Answer:
D
Explanation:
The gain from the trade will be split between the two countries but the division may not be equal because the division of gain depend on several factors such demand and supply for goods as well as the price which we don't have the information about.
Answer: Aggregate Demand Decreases
Explanation:
When the Central Bank sells bonds, it is engaging in Open Market Operations to reduce the amount of money in the Economy by taking money out of people's hands ( the money they will use to buy the bonds).
When money supply in the economy decreases, it will have the opposite effect on Interest rates as they will increase because money is no longer readily available.
When this happens both businesses and Individuals will reduce the amount of money they borrow for investment and consumption respectively which are both components of Aggregate Demand.
Aggregate Demand therefore decreases and the AD curve shifts to the LEFT to depict this.
Answer:
$18,035.30
Explanation:
nominal net return year 1:
- ($22,000 x 1.03) - ($5,000 x 1.03) = $22,660 - $5,150 = $17,510
nominal after tax return year 1:
- {($22,000 x 1.03) - ($5,000 x 1.03)} x (1 - 15%) = ($22,660 - $5,150) x 0.85 = $14,883.50
nominal net return year 2:
- ($22,660 x 1.03) - ($5,150 x 1.03) = $23,339.80 - $5,304.50 = $18,035.30
nominal after tax return year 2:
- {($22,660 x 1.03) - ($5,150 x 1.03)} x 0.85 = ($23,339.80 - $5,304.50) x 0.85 = $14,883.50
