Answer:
E) 4.96%
Explanation:
The computation of the APR could be determined by applying the RATE formula i.e. shown below:
Given that
PMT = $402.18
Present value = $25,000
NPER = 6 × 12 = 72
FUture value = $0
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
After applying the above formula, the annual percentage rate of the loan is
= 0.4135% × 12
= 4.96%
hence, the correct option is E.
The correct answer is (b) importing.
importer is buying products from another country.
<h3>What Exactly Is an Import?</h3>
An import is an item or service purchased in one nation but manufactured in another. The two pillars of global trade are imports and exports. if a nation's imports are more than its exports in value.
Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country. Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.
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I would say that renting and leasing an apartment are not the same thing, and I would choose A. False. Renting usually means you have a month-to-month agreement. Leasing usually means you have a much longer agreement.
However, I am not entirely sure.
The term network externality is used in economics to describe a situation in which the usefulness of a product increases with the number of consumers who use it.<span> It is the change in the benefit, derived from a good when the number of other agents consuming the same kind of good changes. </span>
If a network externality is present for a product, then consumers may be more likely to buy the product because it is more useful.
