Answer:
Positive:
-Managing money
-Saves money for other things
Negative:
-May be hard to budget if you need a lot
Hope this helps! These are just what come to mind in my opinion.
Answer:
a. 0.75% per month
b. 2.25% per quarter
c. 4.5% semi- annually
d. 9% yearly
Explanation:
a. Computing the effective interest rate per payment period for the payment schedule which is monthly:
Effective rate (monthly) = Nominal rate (r) / Compounded monthly (m)
where
r is 9%
m is 12
Putting the values above:
= 9% / 12
= 0.75% per month
b. Computing the effective interest rate per payment period for the payment schedule which is quarterly:
Effective rate (quarterly) = Nominal rate (r) / Compounded quarterly (m)
where
r is 9%
m is 4
Putting the values above:
= 9% / 4
= 2.25% per quarter
c. Computing the effective interest rate per payment period for the payment schedule which is semi- annually:
Effective rate (semi- annually) = Nominal rate (r) / Compounded quarterly (m)
where
r is 9%
m is 2 (every 6 months)
Putting the values above:
= 9% / 2
= 4.5% semi- annually
d. Computing the effective interest rate per payment period for the payment schedule which is annually:
Effective rate (annually) = Nominal rate (r) / Compounded yearly (m)
where
r is 9%
m is 1 (end of the year)
Putting the values above:
= 9% / 1
= 9% yearly
Answer:
component lifestyle
Explanation:
Component lifestyle -
It refers to the method of selectively buy certain services and goods , which are up to the mark of his or style or interest , is referred to as component lifestyle .
These type of people are very specific and selective in nature .
Hence , require the characteristic features of their likes and dislikes , while choosing any product .
Hence, from the given scenario of the question ,
The correct term is component lifestyle .
Answer:
When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.
so it is true
Explanation:
