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S_A_V [24]
3 years ago
8

Credit Card Debt - Application The function D(t) can be used to approximate the total average credit card debt in a U.S. househo

ld (in thousands of dollars) t years after 1995. Interpret the meaning of the statement: D(23) = 21.5. In the year , the total average credit card debt for a U.S. household will be $___________.
Business
1 answer:
mash [69]3 years ago
4 0

Answer: 2018; $21,500

Explanation:

The 't' in D(t) represents how many years after 1995 the function is referring to. This question has the 't' at 23 so this is 23 years after 1995.

= 1995 + 23

= 2018

The average household debt is given in thousands of dollars therefore;

= 21.5 * 1,000

= $21,500

In the year <u>2018</u>, the total average credit card debt for a U.S. household will be <u>$21,500</u>.

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Bob newsome purchased 250 shares of the northern lights growth fund. the purchase cost was $20 per share and the total commissio
Julli [10]

When Bob Newsome purchased 250 shares at a price of $20 per unit, and commission was charged for $250, then the total load charged by the fund will be 5%.

<h3>What is the significance of load?</h3>

A load can be referred to or considered as a charge or fees taken by a fund house in order to pruchase shares on behalf of an individual or an organization. It is expressed in percentage.

For the condition given above, it can be ascertained that $250 commission was charged for a purchase value of $5,000 worth of shares. So, the load being charged will be 250 / 5000 x 100, or 5%.

Therefore, the significance regarding load has been aforementioned.

Learn more about load here:

brainly.com/question/8418683

#SPJ4

8 0
2 years ago
Bob, Jack and Norman are the only people living on an island. They are trying to decide whether or not they should build a light
Tems11 [23]

Answer:

Efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse

Explanation:

Since the lighthouse is a public good, according to the coase theorem, if the combined willingness to pay for the lighthouse of all of the people living on the islands is higher than the cost of the lighthouse, then a lighthouse should be built.

The total willingness to pay is:

W = \$1000+\$1200+\$500 = \$2700

The population willingness to pay is higher than the cost of building one lighthouse ($2000) but lower than the cost of building two lighthouses ($4000). Therefore, efficiency requires that one lighthouse is built since the willingness to pay of all the residents together is larger than the cost of providing the lighthouse.

6 0
3 years ago
Which of the following is not correct?a. If the inflation rate exceeds the nominal interest rate, then the purchasing power of a
lilavasa [31]

Answer:

The options which is NOT correct is C.

Purchasing power does not increase with inrease in the rate of inflation. There is an inverse relationship between inflation and purchasing power of money.

Explanation:

Inflation refers to the overall increase in prices of goods and services and the erosion of the power of the currency to purchase those goods and services. In otherwords, when inflation happens, one requires more dollar bills to purchase same unit of goods or services.

Deflation is the opposite of inflation. It refers to the decrease in the prices of goods and services and is usually accompained by an increase in the purchasing power of the currency.

Nominal interest rate simply put is the interest payable on a loan without considering processing fees, compounding interest payable and the erosion of the value of such money.

Cheers!

             

4 0
3 years ago
Two investment centers at a large corporation have the following current-year income and asset data:  Investment Center A Invest
Sergio039 [100]

Answer:

26.923%

Explanation:

Return on Investment

\frac{return}{investment}

Center B

return 525,000

investment 1,950,000

ROI 525,000 / 1,950,000 = 0,26923076923 = 26.923%

Is metric is used to determinatethe efficiency of the assets. It compares the generated amount with the investment account.

The investment yields 26.923% of the principal

8 0
3 years ago
Tyler and Camille both live in Oklahoma. A new-car dealer in Oklahoma bought a new car from the manufacturer for $17,000 and sol
Bond [772]

Answer:

$20,000

Explanation:

Given that

New car bought from the manufacturer = $17,000

Sale value of the new car = $20,000

And, the car is sold to Camille for $15,000

So by considering the above information, the amount i.e to be contributed to U.S GDP is

= Sale value of the new car

= $20,000

It represents the finalized value of the goods and services and the same is to be considered

7 0
3 years ago
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