Your "gross monthly income" is the amount you make BEFORE they take out any deductions.
Your "gross monthly income" is the amount you make AFTER they take out any deductions.
Answer:
9.78%
Explanation:
The yield to maturity can be determined using the rate formula in excel as shown below:
=rate(nper,pmt,-pv,fv)
nper is number of times coupon interest would be paid,which is 12 years multiplied by 2(semi-annual interest payment) i.e 24
pmt is the semi-annual interest which is $1000*8%/2=$40
pv is the current price of the bond at $876.40
fv is the face value of the bond which is $1000
=rate(24,40,-876.40,1000)=4.89%
Semi-annual yield is 4.89%
Annual yield is 4.89%*2=9.78%
The yield to maturity on these bonds is approximately 9.78%
Answer:
a) has a significant effect on the unemployment rate since a large part of the labor force earns the minimum wage.
Explanation:
The minimum wage law ensures that all employees have a minimum income to live with dignity. Although there is a big debate among economists, the liberal current suggests that the minimum wage law has a major impact on the unemployment rate, especially among the poorest. According to these economists, the minimum wage is instituted above the productivity level of most people, which causes companies to lose efficiency. If wages were fluctuating, according to market law, more workers would probably be hired for wages tied to their productivity. Therefore, among the options, the first seems to be the most correct.
What will happen is that YOUR INSURANCE COMPANY WILL NOT PAY FOR THE DAMAGES.
Liability car insurance covers damages and injuries to third party's car only, it does not cover damages to the insurance owner's car. Comprehensive car insurance only cover damages done to one's car as a result of theft, fire, natural disaster, vandalism and other such acts, but does not cover damages that occur as a result of collision.
<span>GDP stands for Gross Domestic Product and it reflects all goods and services produced within the country. CPI stands for Consumer Consumer Price Index and it reflects the prices of a representative basket of goods and services purchased by the consumers.</span>
