The amount of interest to be paid in total for six and a half years is $59,357.31
Computation:
Given,
Principal Amount =$44,500
Interest rate =13.11% annually
The interest is compounded monthly
time period= 6.5 years
The formula of compound interest will be used:
Substituting the values in the formula:
Now, the value of total interest paid is computed by taking the difference between the annuity amount and the principal amount.
Therefore, from the given options non of the options are correct.
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When a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its: <em>potential customers/market target.</em>
Every product has a specific group of people that share similar characteristics that it can meet their needs. The unique needs of that group of people is what companies and producers focus on to exploit in creating product and marketing strategy for.
Such unique group of people constitute the market target or potential customers for such product.
Therefore, when a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its potential customers/market target.
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Answer:
C. the money supply to fall.
Explanation:
According to my research on economics, I can say that based on the information provided within the question an increase in currency holdings will cause the money supply to fall. This is because if people begin to hold this causes the cash flow to decrease and money supply decreases because of the low cash flow.
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The answer is true. A stock is a broad phrase that refers to any company's ownership certificates. A share, on the other hand, refers to a company's stock certificate.
You become a shareholder if you own a share of a specific corporation. Stocks are classified into two types: common and preferred. When you purchase stock in a corporation, you become a part-ownership of that company. If a corporation has 100,000 shares and you purchase 1,000 of them, you own 1% of the company. Investing in stocks is fundamentally about accumulating and growing wealth. The most basic suggestion for traders on how to invest money in the stock market is 'buy cheap, sell high.'
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Awareness level is currently 77%, or .77.
Awareness decreases by 33% per year, so without any additional promotion spending, awareness next year would be .77 * .66 (2/3 of 77%)
The 1 million dollar spending will increase awares by 26%, so the effect on awareness will be 0.77 * 1.26
To calculate awareness next year:
77% times (1.26 - .33)
= .77 * 0.93
= .716, or 71.6%