Answer:
Consumers help determine what goods and services will be produced through their purchasing decisions. I think :)
Explanation:
Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.
Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
Answer:
trade deficits, lack of investment capital, and wide gaps between rich and poor
Explanation:
Answer:
b. Consumers bought too many goods they could not afford.
Explanation:
In the 1920s consumption increased as mass production appeared, businesses began to offer credits to customers and people started buying things that they didn't need and that they couldn't afford. When the crisis began, people lost their jobs or their salaries were cut, consumption decrease drastically and they coudn't pay these credits.
Answer:
$282,706
Explanation:
Calculation to Determine the purchase price of the house
First step
In order for us to determine the purchase price of the house we would be using TVM Calculation to find the PMT
Hence,
PMT =
PV = 200,000
FV = 0
N = 240
I = 0.084/12
Thus,PMT = $1,723.01
The Second step will be to Calculate the Loan Amount Using TVM Calculation,
PV =
FV = 0
PMT = -1,723.01
N = 360
I = 0.084/12
Thus, PV = $226,164.98
Last step is to Determine the purchase price of the house
Using this formula
Purchase price=PV/(100%-20% down)
Let plug in the formula
Purchase price =226,164.98/(0.80)
Purchase price = $282,706
Therefore the purchase price of the house will be $282,706
