If the federal gasoline tax increases to $1 per gallon, the gasoline price rises, demand for bicycles shifts rightward.
Option B
<u>Explanation:</u>
If the price of gasoline increases, then probably there will be a decrease in the consumption of the same as a result of which the demand for the substitute product, bicycle increases.
Demand curve a graphical representation of changes in the product or service demanded along with the changes in the cost or price of the service or product. Increase in the demand for a product, is generally represented by the rightward shift in the demand curve.
good debt is for buying assets : things that will be worth more in the future
bad debt is for buying liabilities : things that will be worth less in the future
In order to buy a car worth $25,000 a monthly payment of $622.12 is required.
Mortgages are one type of loan that frequently has a structure that calls for a stream of identical monthly payments. The lender can assess whether the customer's budget can support equal monthly payments by doing so.
Suppose the monthly payment is M.
With 9 percent APR, the effective monthly rate is 9%/12 = 0.75%.
There will be 12 x 4 years, or 48 monthly payments.
The face value of the loan must be equal to the present value of these monthly payments, or

which yields M = 622.12.
If you only paid interest, the monthly payment would be calculated as follows: principal * monthly interest rate (9% /12) = 25,000*0.75% = 187.5.
The results would be that after five years, you would still owe the whole amount of $25,000 and would have to pay $11,250 in interest.
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