A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.
<h3>What is a Loan?</h3>
This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.
With this in mind, we can see that loan proceeds can be used to:
- Buy a house
- Go on a trip, etc
Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.
Read more about loans ere:
brainly.com/question/25239160
Explanation:
The cross-price elasticity formula is:
CPE= Δ%q of good A/ Δ%p of good B
The CPE of penguin patties and raskels is:
CPE= -22%/-20%
CPE= 1.1
A positive CPE means that both good are substitutes; often, penguin patties take the place of raskels. An increase in price of penguin patties will affect positively the quantity demanded for raskels.
The CPE of penguin patties and kipples:
CPE= 7%/-20%
CPE=-0.35
A negative CPE means that both goods are complementary, which means that consumers will likely consume them together. An increase in price of penguin patties will affect negatively de quantity demanded for kipples.
Complementary goods should be advertise together because both could be positively benefited by advertising. If the demand for penguin patties increases, it is probable that the demand for patties increases too. If you advertise substitute goods, people will always prefer one, then the advertising will only be effective or for penguin patties or for raskels.
Answer:
3.4%
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
9.7 = 5.2 + 1.34(x - 5.2)
9.7 - 5.2 = 1.34(x - 5.2)
3.35 = x - 5.2
Answer:
6%
Explanation:
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.
Solution
interest rate on 3-year bond
Interest rate = [{(1 + 3%) × (1 + 5%) × (1 + 8%)} ^ (1 / 3) - 1] + 0.75%
Interest rate = [(1.16802 ^ 0.33) - 1] + 0.75%
Interest rate = (1.0525- 1) + 0.75%
Interest rate = 0.0525 + 0.0075%
Interest rate = 0.06 OR 6%
