The state of the market if market price was fixed at Birr 25 per unit is excess demand
<h3>Quantity demanded</h3>
Qd = 50 - p
p = Qs + 5
p - 5 = Qs
if market price was fixed at Birr 25 per unit?
Qd = 50 - p
= 50 - 25
Qd = 25
Qs = p - 5
= 25 - 5
Qs = 20
The state of the market if market price was fixed at Birr 25 per unit is excess demand (demand greater than supply) leading to an increase in price.
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Monthly interest, i = APR/12 = 0.06/12 = 0.005
Monthly payment, A = $450
Period, n = 36 (months)
Future value of payment
= A((1+i)^n-1)/i
= 450((1.005^36-1)/0.005
= 17701.2472341
Future value of car
F = future value of payment + residual value
= 17701.2472341 + 20000
= 37701.2472341
Present value of car
= downpayment + present value of future payments
= 1500 + F/(1+i)^36
= 1500 + 37701.2472341/(1.005^36)
= 1500 + 31504.86
= 33004.86
Answer:
im just doing this for the points lol
Step-by-step explanation:
11x = 44
X=4
44 + 7 = 51
5x = 20
31 + 20 =51
51 = 51
The answer is going to be 623. Have a great day.
