Answer:
The correct answer is C.
Explanation:
Giving the following information:
The down payment of $5,000 and financed the balance. According to the purchase agreement, you must pay $600/month for four years, beginning one month from today. The credit agreement is based on an annual interest rate of 12%.
First, we need to calculate the final value of the monthly payment.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 600
i= 0.12/12= 0.01
n= 12*4= 48
FV= {600*[(1.01^48)-1]}/0.01= 36,733.56
Now, we calculate the present value:
PV= FV/ (1+i)^n= 36,733.56/ (1.01^48)= 22,784
Total cost= 22,784 + 5,000= $27,784
Answer:
Inelastic
Explanation:
When the price of hamburgers increased from $1.50 to $2.75, the quantity demanded decreased from 375 units sold to 250 units sold. Using the midpoint method, hamburgers are said to be inelastic
1. Change in price = 2.75-1.5 / (1.5+2.75)/2 = 1.25/2.125 = 0.59
2. Change in quantity demanded = 375-250 / (375+250)/2 = 125/ 312.5 = 0.4
3. Price Elasticity = 0.4/0.59 = 0.68
4. When the value of elasticity is less than 1, it suggests that the demand is insensitive to price and is inelastic
Answer:
Fiscal investors.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Under globalization, a fiscal investor refers to an independent business that facilitates or enhances foreign exchange trades between two or more countries.
This ultimately implies that, fiscal investors are institutions or business firms that make it possible for foreign exchange to take place with respect to the buying and selling of goods and services between countries.
Answer:
Annual deposit= $4,143.66
Explanation:
Giving the following information:
You need to have saved $1,000,000 in 30 years. You can invest in a retirement account that guarantees you a 12% annual return.
To calculate the annual deposit needed to achieve the objective, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.12)/ [(1.12^30)-1]= $4,143.66
Answer:
C) The government bans the hiring of workers with brown eyes.
Explanation:
A competitive market can eliminate wage differentials if firms are allowed to act in their self-interest without government intervention. However, if the government steps in and declares a ban on the hiring of brown-eyed people, there isn't really anything that firms can do, even if they want to hire people with brown eyes. This situation would effectively lower the brown-eyed workers' wages to zero, because they now are unemployed and banned from finding employment.
The only option firms that still want to hire brown-eyed people is to resort to illegality, and hire people outside government authorization, but this entails risks, and not many companies are likely to take that kind of measure.
