Answer: your question is not complete, its lacking the monthly payments. However, i guess your first option (option A) should be monthly payment since you write 2 options at D.
By using $1,200 as the monthly payment, the answer to the question is $164,402 which is your D
Answer with Explanation:
Question does not state what kind of interest, here are the three common possibilities:
1. Simple interest of 6%:
Future value (FV) = 3000*(1+0.06*20) = $6600
2. compounded annually:
Future value (FV) = 3000*(1+0.06)^20 = $9621.41 (nearest cent)
3. compounded monthly:
Future value (FV) = 3000*(1+0.06/12)^(20*12) = $9930.61 (nearest cent)
Answer:
Emergency
Explanation:
Emergency products are those that are needed urgently or in the case of an emergency usually with no planning. They are characterised by instant purchase and are easy to find.
Normally consumers plan before buying but in this case the need comes suddenly so consumer does not plan, the products are basically the same. Timing is critical in this type of purchase.
Answer:
The change in checking deposit is equal to $22,727.27.
Explanation:
An amount of $2,500 is deposited in a checking account.
The required reserve ratio is 0.11 or 11%.
A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.
The change in the checking deposits will be
= 
amount deposited
= 
= $22,727.27
Yes. The U.S. tax system has a built-in stabilizers.
These built-in stabilizers are called automatic stabilizers. Automatic stabilizers are defined as the features of tax and transfer system that lends stability of the economy without direct intervention from the policy makers.
These stabilizers tempers the economy when it overheats and provides economic stimulus when it slumps.
When: Automatic Stabilizers:
Incomes are high <span>tax liabilities rise and eligibility for government benefits falls
Incomes are low </span><span>tax liabilities drop and more families become eligible for government transfer programs (food stamps, unemployment insurance)</span>
