Answer: $8
Explanation:
Total loan is $3,000
Monthly instalments of $258
Tenor of 12 months
Total interest paid on loan = $258 x 12= $3,096
Interest = $3,096 - $3,000 = $96
Apr = $96/$3000= 0.032
= 0.032 x 100
= 3.2% annual rate
= 3000 x 3.2%
= 96/12 = $8
On the ceiling, of course
Answer: A technology entrepreneur is an investment in a project that assembles and deploys.
Explanation: Hope this helps!
Answer:
Present Value= $1,772.115
Explanation:
Giving the following information:
You have won the $3 million first prize in the Centennial Lottery.
However, the prize will be awarded on your 100th birthday, 78 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent.
We need to use the following formula:
PV= FV/[(1+i)^n]
PV= present value
FV= final value
PV= 3000000/(1.10^78)= $1,772.115
The balance of the price in the market is determined by demand and supply, which are measured in terms of the price and quantity variables; When a tax is placed on a product, a change in the market equilibrium is generated, since buyers pay more and sellers receive less.
Thus, a tax causes the supply curve to move up and the demand curve to move down.
In order to know how the tax burden is distributed, the incidence is measured through the elasticity of the supply and demand curve, which measures the sensitivity of the quantity, demanded or offered, of products before a price change.
When the supply curve is more elastic than the demand curve, the impact of the tax is stronger for consumers, as the prices paid by consumers increase more than the price that sellers receive decreases.
Answer
It can be concluded about the elasticity of demand and supply prices that <em>supply is more elastic than demand</em>
