Answer:
The First Bank loan has an effective rate of 7.98 percent.
Explanation:
we calcualte the effective rate for both loand and check which statement is correct.
<u>First bank:</u>
1.07977643 - 1 = 0.07977 = 7.98%
<u>Second bank:</u>
1.076798729 - 1 = 0.076798729 = 7.68%
Notice tthis isthe effective rate not the annual percentage rate.
So only the statement abour the first bank effectibe rate is true.
Answer:
The rate at which money circulates through an economy.
Explanation:
In Macroeconomics, the term velocity refers to the speed at which money circulates in an economy, and it is a variable in a fundamental macroeconomic equation, the quantity theory of money equation:
M x V = P x T
Which states that the price of goods and services is equal to the amount of money in an economy, or its money supply (M) multiplied by the Velocity of circulation of money, which is in turn equal to price (P) multiplied by the number of transactions (T).
Answer:
Yes.
Explanation:
<em>You are listening to gather intel on a particular individual or set of individuals.</em>
Answer:
b. quasi contract
Explanation:
-Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.
-Quasi contract is an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.
-Reformation is a change made by a court in a document when one party that participates in it makes a request.
-Restitution is when someone receives a compensation for a loss or an injury.
According to the options given and the definitions, the answer is quasi contract.
Answer:
The illusion of time
Explanation:
This is because younger people think that they have time to save up later; that if they spend now, they can always make up for it later. On the other hand, older people know that they don't have much time (comparatively) to save money as they did before, so saving money becomes a bigger deal for them.
