Answer:
$1,720
Explanation:
Total annual premium for both Karen and Mike = $400 + $600 = $1,000
If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150
We use formula FV to calculate the future value of annual payment:
= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720
Answer:
Explanation:
The interest expense would be
= Borrowing amount × annual rate of interest
= $80,000 × 8%
= $6,400
And, the principal would be
= Annual payment - interest expense
= $20,037 - $6,400
= $13,637
The principal balance on January 1, 2019 would be
= Borrowed amount - principal repaid amount
= $80,000 - $13,637
= $66,363
The interest expense would be
= Borrowing amount of 2019 × annual rate of interest
= $66,363 × 8%
= $5,309
And, the principal would be
= Annual payment - interest expense
= $20,037 - $5,309
= $14,728
Answer:
increase the price of our products or services.
Explanation:
When the price elasticity is less than 1 (inelastic), then an increase in the price of our products or services will result in a proportionally smaller decrease in the quantity demanded. Therefore, by increasing our prices, we can increase total revenue even if the quantity demanded decreases a little.
Answer:
a. True
Explanation:
The uterine family represents the individual mother and mother children. in other way, it is you, your mother, your siblings, etc
The Uterine family implies the family description that shows the women have the children but they are not officially recorded as a members of the similar lineage
Therefore the given statement is true
Answer:
Elastic/ Inelastic
Explanation:
Price elasticity of demand is a tool use to measure in economics to show the elasticity, or responsiveness, of the demanded quantity of goods or services to increase in its price. When the price of a good or service changes, inelastic demand is when the buyer's demand does not change when the price of the good or service changes.
