Answer:
You plan to save $370 per month starting today for the next 46 years at an interest rate of 9.7% will be <u>$791046.3155</u>
Explanation:
Rate = 9.7% / 12 = 0.808333%
Number of periods = 30 * 12 = 360
Future value = ( 1 + r) * Monthly payments * [ ( 1 + r)n - 1] / r
Future value = ( 1 + 0.00808333) * 370 * [ ( 1 + 0.00808333)360 - 1] / 0.00808333
Future value = 1.00808333 * 370 * 2,120.819723
Future value = $791046.3155
It is important to determine the amount of traffic using a particular site, visits to the blogs, or tweets about the site. A measure used for this purpose is the number of of hits that that are on a particular page.
<h3>What is meant by the hits on a page?</h3>
This is the term that is used to refer the ways that the number of traffics that happens on a particular web page can be ascertained. The hit is the number of people that are known to visit the particular site that is in question.
Hence we would say that It is important to determine the amount of traffic using a particular site, visits to the blogs, or tweets about the site. A measure used for this purpose is the number of of hits that that are on a particular page.
Read more on website traffic here:
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Answer:
Probably country Y had a comparative advantage over country X in the production of widgets, therefore trade resulted between the countries and it increased the gains for both countries.
Country Y will probably continue to produce and export widgets and country X will be producing and possibly exporting some other good.
Answer:
1. The richest 1% of Americans should pay more taxes than the rest of the 99% - Normative Economics
2. A decrease in the supply of coconut will increase the price of German chocolate cake, a good which requires coconut shavings as a key ingredient - Positive Economics
3. The higher the minimum wage, the higher the price of goods and services is likely to be - Positive Economics
4. Social welfare spending in Sweden occupies too large a portion of the national budget - Normative Economics
Answer:
law of diminishing marginal utility
Explanation:
According to my research on different economic terms, I can say that based on the information provided within the question the term being mentioned is called the law of diminishing marginal utility. Like mentioned in the question this term states that the marginal utility of a good or service declines as its available supply increases.
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