3 years ago

A demand curve that is horizontal indicates that the commodity

1 answer:

6 0

When a product has a horizontal demand curve, it means that its elasticity is said to be perfectly elastic. When the price of a perfectly elastic good or service rises above the market price, the amount demanded falls to zero. With perfect elasticity, consumers merely aren’t willing to spend more than a detailed price for a good or service. Meaning that the product has many substitutes.

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Answer:

$1,839.45

Explanation:

PV = P * [1-(1+r)^-n / r]

n = 30*12=360 months, r = 6.37%/12 = 0.5308% (monthly)

295,000 = P*[1 - (1+0.005308)^-360 / 0.005308}

295,000 = P * $160.3739

P = $295,000 / $160.3739

P = $1,839.45

So, the monthly mortgage payments is $1,839.45.

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Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:

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After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.

The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:

Was signed by President Biden on March 11, 2021.
Clarifies the scope of Form 1011-K.

The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.

Find out more on Form 1099 at brainly.com/question/25485090.

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Throughout the clarification segment elsewhere here, the definition of the concern is outlined.

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