<em><u>Loan L</u></em> would be best for Craig that has a nominal rate of 8.254% that is compounded daily a sit gives an<u> effective rate of interest</u> as 117.95.
The formula for <u>computing compounded rate</u> of interest is given as follows:
The effective rate of interest for loan L as per the above formula would be:
The effective rate for loan M would be:
The effective rate for loan N would be:
The effective rate for loan O would be:
Learn more about the effective rate of interest here:
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Answer: Yes, the years worth of payments is more than the actual claim
Explanation:
the claim was $2500 and he payed $3,012 a year for insurance
Answer:
a. a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
Explanation:
During a recession, the aggregate demand is the first to decrease. As a result of lower demand, inventories will increase resulting in an increase in the aggregate supply. Recessions tend to decrease inflation, which results in lower price levels and an overall decrease in real GDP. Recessions will continue until the aggregate demand increases again, increasing the aggregate supply.
Eloise, an engineer for an oil company, is interested in working overseas at this stage of her life because she knows that foreign work experience demonstrates independence, resourcefulness, and entrepreneurship to potential employers.
<u>Explanation:</u>
The work experience in foreign demonstrates the skills that includes, confidence, independence, Adventure sense, Sense of ambitions, adaptability and open minded nature. Working at overseas helps in increasing the confidence. It also improves the sense of being adventurous and make the individual more independent.
When the independent nature of an individual gets enhanced, he or she will develop a sense of being an entrepreneur. There will be a lot of resources inside the mind of an individual with which he or she can start a own business.
Answer:
aggregate; marginal product; positive; diminishing.
Explanation:
Slopes are well depicted in image attachment.
Aggregate production function:
This function shows how the available inputs (production) of an economy affects the total real gross domestic product.
Note: another word for aggregate implies the whole or total production in an economy.
Marginal product function: The marginal product is the slope of the total aggregate function.
Remember, marginal product is the change in output that results from adding more unit of labor, in this case in an entire economy.