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svetoff [14.1K]
3 years ago
14

Madison Davidson negotiated for a $30,000 loan with $200 monthly payments, plus 9 percent interest. In this case, what is the mo

nthly interest in the first month?
Business
1 answer:
Julli [10]3 years ago
4 0

Answer:

$225

Explanation:

Remember, the interest rates of a loan are spread out equally each month.

Therefore, we calculated the value of the total interest in dollars for a year:

30,000/100 x 9 = $2,700 (annual interest in dollars)

Next, we divide the annual interest in dollars by 12 to get the value from the first month:

$2700/12= $225 (First month interest in dollars)

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6
TEA [102]

Answer: Four pies.

Explanation:

Marginal cost is the additional cost of producing one extra unit of a good or service.

From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.

From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.

3 0
3 years ago
Select the correct answer.
Daniel [21]

Answer:

Which element can be used as a hook in an essay?

The element that is used as a hook in an essay is called main idea

Explanation:

Main idea is used as an hook in writing essay because it gives the reader an idea of the message being passed by the writer.

6 0
3 years ago
Where do you typically earn an Associate of Arts degree?
ElenaW [278]

Most likely a two year college, so a local community college nearby is a good option. It's also a lot cheaper than a traditional university.

3 0
3 years ago
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Through October​ 2014, the U.S. government administered two programs that affected the market for cigarettes. Media campaigns an
allochka39001 [22]

Answer: Placing a price above equilibrium will lead to increase in price and limitation on land use will lead to reduction in supply of tobacco products.

Explanation:

Smoking has many negative impact on the bodyband some of these effects are life threatening. Smoking affects the respiratory organs and increases the risk of cancer and eventually may lead to death.

Government in different countries have put in different methods and policies to reduce smoking. Some of the policies are high tax on tobacco products, ban and enlightenment programmes.

The policies used here such as placing price above the equilibrium price and limiting the amount of land that can be used for tobacco production are good policies. Placing the price of tobacco products above equilibrium price will lead to an increase in price which might discourage people to buy tobacco related products such cigarette. Also, limitation on the land use for tobacco production will lead to decrease in supply. This means less tobacco related products will be available for people.

5 0
3 years ago
Which is NOT a step in a career plan?
zepelin [54]

Answer:

D. go on vacation to the beach

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3 years ago
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