<span>Factors of production, also called resources or inputs is an economic term that describes the inputs that are used in the production of goods and services in order to make an economic profit. The factors of production include: land, labor, capital and entrepreneurship.</span>
Answer: 10.3%
Explanation:
The borrower is to pay 3 points on the loan to get it which means that the effective total they are getting is:
= 13,000 * ( 1 - 3%)
= $12,610
The borrower will also have to pay an interest of 7% so the total to pay back is:
= 13,000 * ( 1 + 7%)
= $13,910
Interest actually paid:
= Amount to paid back / Amount to be received - 1
= (13,910 / 12,610) - 1
= 10.3%
Answer:
$1806.75 is the deposit
Explanation:
Add 1395.50, 876.25, and 10 together. Then from that amount subtract 475 then there is your answer
Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.
