Answer:
$169.07
Explanation:
Data provided in the question:
Loan amount = $29,000
Time = 10 years
Interest rate = 7% compounded monthly
Therefore,
Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583
number of periods, n = 10 × 12 = 120 months
Now,
Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]
on substituting the respective values, we get
$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]
or
$29,000 = Monthly payments × 171.53
or
Monthly payments = $169.07
Answer:
C. A decrease in the quantity demanded
Explanation:
Price Elasiticity
The law of demand and supply would usually hold that an increase in prices will result in a decrease in demand. Furthermore, an increase in demand generates a corresponding increasing in supply as well.
<u>When the demand of a product is sensitive to the changes in price, then we say that price of the product is elastic</u> but if the product demand not strongly influenced by price then we say that the pricing is inelastic.
In the case of the lettuce, we can say that the price is elastic, because there is a sensitive reaction between an increase in price from $1 to $2 which immediately leads to a halfing of the quantity demanded. The price is elastic such that an increase in price leads to a decrease in quantity demanded.
Answer:
D. corporation.
Explanation:
Companies are usually incorporated by the issuance/sale of shares. Corporations are entities that are legally separate from the owners.
The owners' interest in such entities are usually in form of shares held.
A sole proprietor is the owner of a business and no shares are issued before the business commences.
Trade agreements are agreements between two or more parties for which the terms and conditions as well as the responsibilities of the parties involved are spelt out in the deed.
Mutual agencies do not require the ownership of shares of stock.
The right option is D. corporation.
Answer:
Explanation:
A monopoly is a market structure where there is only one supplier of a product and many buyers. An example of a monopoly is Microsoft; it is a price setter in the market. Abuse of monopoly power can occur when a firm dominates the market meaning no competitors within the industry. This abuse could be in form of limiting output or setting higher prices to benefit from supernormal profits . This therefore leads to less choice for consumers.Over time, monopolies can become less innovative because they do not have competition and causing the market to fail and be inefficient; the price mechanism fails to take into account all of the costs and/or benefits of providing and consuming a good.
Answer:
The correct answer is real estate values by subdivision
Explanation:
As Gloria is not able to afford the Tapestry analysis which is a costly one, She will use the real estate values by the subdivision. As this method is not only cost effective but is far efficient from the other less effective methods. Although Tapestry PRIZM analysis methods are effective however they are not as good a value for money as the real estate values by subdivision strategy is.
