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3 years ago

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Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million

of savings deposits, $40 million of small-denominated time deposits, and $30 million of money market mutual fund deposits.

1 answer:

Luda [366]3 years ago

7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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After visiting several automobile dealerships, Richard selects the car he wants. He likes its $11,500 price, but financing throu

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Answer:

The answers are:

A) total interest = p x r x t

where:

p = $9,200
r = 10%
t = 2 years

total interest = $9,200 x 10% x 2 = $1,840

B) the total cost of the car = down payment + principal + total interest

total cost = $2,300 + $9,200 + $1,840 = $13,340

C) monthly payment = (principal + total interest) / total number of payments

monthly payment = ($9,200 + $1,840) / (12 x 2) = $11,040 / 24 = $460

D) APR = (total payments x total interest) / [principal x (total payments +1)]

APR = (24 x $1,840) / ($9,200 x 25) = 0.192 or 19.2%

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Explanation:

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Answer:

You can form sentences from the five options.

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Explanation:

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Answer:

$14.42

Explanation:

Please kindly check attachment for the step by step solution of the given problem.

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