Answer:
A. a growing industrial economy
D. a focus on agricultural activity
Explanation:
The economies of developing countries are characterized by;
a growing industrial economy
a focus on agricultural activity
Answer: 16.08%
Explanation:
The effective annual interest rate simply means the interest rate on a loan that is restated from nominal interest rate.
In the above question, we are informed that it uses 15.00% as the nominal annual rate make monthly payments.
Effective annual rate = (1 + r/m)^m - 1
where,
r = annual nominal interest rate
m = number of compounding periods for the year.
In this case m= 12 since there are 12 months in a year.
The answer has been attached.
Answer:
The Western Wall, Israel
Explanation:
The Western Wall in Israel isn't one of the new seven wonders of the world.
The New7Wonders of the world are:
Great Pyramid of Giza, Egypt.
Petra, Jordan
Taj Mahal, India
Chichen Itza, Yucatán, Mexico
Christ The Redeemer, Rio De Janeiro, Brazil
Great Wall of China, China
Other places are Machu Picchu, Peru and The Colosseum, Rome, Italy.
Answer:
The interest rate effect is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level.
Explanation:
"Changes in interest rates can have different effects on consumer spending habits depending on a number of factors, including current rate levels, expected future rate changes, consumer confidence, and the overall health of the economy.
It's possible for interest rate changes, either up or down, to have the effect of increasing consumer spending or decreasing spending and increasing saving. The ultimate determinant of the overall effect of interest rate changes primarily depends on the consensus attitude of consumers as to whether they are better off spending or saving in light of the change.
"
Reference: Maverick, J.B. “How Do Interest Rates Change Spending Habits in the Economy?” Investopedia, Investopedia, 31 Aug. 2019
Answer:
6.997%
Explanation:
To find the answer, we use the Yield to Maturity (YTM) for a Zero Coupon Bond:
YTM = [(F/PV)^1/n] - 1
Where:
F: Face/Par value (the question is telling us that the par value of a 3-year bond is $816.367)
PV: Present Value (which is the same as the price: $1,000)
n: number of periods (in this case 3 years because the coupon is annual)
Now, we plug the amounts into the formula:
YTM = [($1,000/$816.37)^1/3]-1
YTM = 6.997%