Answer:
it depends how many months you want so no is not
Answer:
contingent repayment plan
Explanation:
Are there othr options?
It is based on the borrower's income and the total amount of debt. Monthly payments are adjusted each year as the borrower's income changes
Supply of goods and services can go down.The needs and demands of people are unlimited and there are limited resources.So it is common that supply can go down anytime.In this case it not only effects the business but also the people cant be able to fulfil their wants and deires.There will be problems in the economic growth in the country.There will be rising poverty , unemployment if it lasts for too long.
Answer:
4 years
Explanation:
We can calculate the years (compounding periods that) will pass before you receive the payment by calculating the PV factor at 12% as follows.
DATA
Amount borrowed = $635.52
future amount = $1,000
Interest rate = 12%
Time period (n) = ?
Solution
Amount borrowed = future amount x Present value factor (12%, n)
$635.52 = $1,000 x PV factor(12%, n)
0.63552 = PV factor(12%, n)
If you see in a discount table yu wi see 0.63552 in the fourth row of 12% rate that means it will take 4 years to receive the payment.
Answer:
Monthly
Explanation:
Since it is mentioned in the question that the saving account that pays every month than it would be said it is monthly interest period
It also can be semi annual or six months, quarterly i.e. three months, and the one year i.e annually
So in the given case it is a monthly interest period and the same is to be considered