GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well
Answer:
The payment after 1 year will be
F=P(1+i)^n
n=1 year
P=100,000
F=100000(1+0.09)
F=109000 after 1 year
interest=9/100*100000=90000
exceeded payment=109000-90000=19000
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The document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
Mastery Promissory Note (MPN) is a document that contains the rights and responsibilities of an individual getting a federal student loan.
Generally, students are expected to sign this document after getting a federal student loan.
It serves as a legally binding agreement that the student will pay back their loan.
Hence, in this case, it is concluded that the document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
Learn more here: brainly.com/question/24801462
