Answer: Seasonal unemployment.
Explanation:
Seasonal unemployment refers to a situation that occurs because of the certain conditions and these conditions are temporary in nature or recurrent. Most of the industries experience a fluctuations in the demand for a product that is based on the conditions.
For instance, suppose a firm produces woolen clothes. We know that the demand for woolen clothes only increases in the winter season. But, once the winter season get over then the demand for woolen clothes decreases as a result unemployment increases. This is a situation of seasonal unemployment.
In our case, Anna lose her job during the summer or winter which indicates that Anna is suffering from seasonal unemployment.
Based on the information given, the best deal will be to buy the product from the discount store.
From the complete information, if the person buys the toaster pastries at a discount store, the person will pay about $0.44 for each package.
This is the cheapest as the remaining prices are $0.54 and $0.88. Therefore, the best deal will be to buy the product from the discount store.
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Answer:
$62,000
Explanation:
the DINK method or double income, no kids method, makes two basic assumptions when considering insurance needs:
- both spouses work and earn the same salaries
- if one spouse dies, the remaining one will keep working
In order to determine total insurance needs you add funeral expenses ($10,000) + half of mortgage ($40,000) + half of auto loan ($7,500) + half of credit card debts ($2,000) + half of personal debts ($2,500) = $62,000
<h3>It takes 3 years to save an amount of $ 5000</h3>
<em><u>Solution:</u></em>
<em><u>The formula for compound interest, including principal sum, is:</u></em>
Where,
A = the future value of the investment/loan
P = the principal investment amount
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per unit t
t = the time the money is invested or borrowed for
From given,
p = 4000
A = 5000
n = 2 ( compounded semiannually)
t = ?
Therefore,
Thus it takes 3 years to save an amount of $ 5000