Before her promotion, Mitch was receiving $40,000 per year
after tax. Since the loan payment is 4%, therefore the money that goes to the
loan is:
Loan payment = $40,000 * 0.04
Loan payment = $1,600
After her promotion, Mitch is now receiving:
New salary = $40,000
* 1.25
New salary = $50,000
Therefore the new loan payment becomes:
New loan payment = $50,000 * 0.04
New loan payment = $2,000
Therefore Mitch is paying an extra payment of:
$2,000 - $1,600 = $400
Answer: $400
6 because 6X6=36 and a square has all sides equal.
Answer:
1. Felix can easily determine that the panaview model has a lower price = Value of money
2. Felix saved $30 per week = Resource gathering
3. Felix pays $140 for the Blu-Ray = Medium of exchange
Step-by-step explanation:
1. The price of each blu-ray is notices by Felix as he can easily see the value and compare prices to drive his decision
2. The resource's needed to for obtaining the value which Felix desired is gathered.
3. Exchange of money for desired value or valuable
