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murzikaleks [220]
3 years ago
15

Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound inte

rest rate of 15%. The loan compounds once each year. When you calculate Claire’s debt, be sure to use the formula for annual compound interest. A = P (1+StartFraction r Over n EndFraction)nt If Claire does not make any payments, how much will she owe after ten years? $12,136.67 $3,481.24 $6,090.90 $3,232.74
Business
2 answers:
Elan Coil [88]3 years ago
8 0

Answer: $12,136.67

Explanation:

Law Incorporation [45]3 years ago
3 0

Answer:

The answer is A

Explanation:

edg. 2020

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The negative impact of the coronavirus on businesses​
Pie

Answer:

UNEMPLOYMENT..

main cause..

3 0
3 years ago
2. If the government decided to subsidize the production of a good, the result would be a decrease in the equilibrium price and
kogti [31]

Answer: True

Explanation:

The subsidy will increase the supply of the good, and therefore the supply curve will shift to the right. Then its intersection with the demand curve will be located at a lower price and with a larger quantity.

5 0
3 years ago
If the current price of a product is below the market equilibrium​ price, there is​ ________ of this product.
Svetach [21]

Answer:

Excess demand

Explanation:

The equilibrium price is the price at which demand equals supply.

If price is below equilibrium price, it means the price is lesser than the equilibrium price, therefore the quantity demanded would increase.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If price is below equilibrium price, the quantity supplied would fall.

I hope my answer helps you.

7 0
3 years ago
The price elasticity of a good will tend to be larger:a)the longer the relevant time period. b)the fewer number of substitute go
Butoxors [25]

The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be  available.

The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.

For example, if the price of coffee rises, the quantity demanded for tea which is the best  substitute of coffee beverage will increase as consumers will switch to a less expensive but the  substitutable alternative.

This is reflected in the cross elasticity of the demand formula, as both the numerator  which is the percentage change in the demand of tea and denominator which is the price of coffee  shows a positive increase.

To know more about price elasticity of demand here:

brainly.com/question/13565779

#SPJ4

7 0
1 year ago
Franklin Company borrowed $144,000 from a bank on March 1, 2021 and agreed to pay it back in eleven months at an interest rate o
ioda

Answer:

$25,080

Explanation:

Given:

Loan amount = $1,44,000

Starting Date 1 march 2021

Duration = 11 month

Interest Rate = 19%

Amount of interest =?

Amount of interest for a year = PRT/100\\\\Amount of interest for a year = 144,000\times19\times1/100\\Amount of interest for a year= 27,360

Amount of interest for eleven month = Amount of interest *11/12

Amount of interest = $27,360*11/12

Amount of interest = $25,080

6 0
3 years ago
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