Answer: <em><u>Developers can spend $55316.9</u></em>
Explanation:
EAR =![[e^{Annual percentage rate} -1]\times 100](https://tex.z-dn.net/?f=%5Be%5E%7BAnnual%20percentage%20rate%7D%20-1%5D%5Ctimes%20100)
Effective Annual Rate=
Effective Annual Rate% = 9.42
![PV_{Ordinary Annuity} = C\times [\frac{(1-(1+\frac{i}{100} )^{-n} )}{(i/100)} ]](https://tex.z-dn.net/?f=PV_%7BOrdinary%20Annuity%7D%20%3D%20C%5Ctimes%20%5B%5Cfrac%7B%281-%281%2B%5Cfrac%7Bi%7D%7B100%7D%20%29%5E%7B-n%7D%20%29%7D%7B%28i%2F100%29%7D%20%5D)
where;
C = Cash flow per period
i = interest rate
n = number of payments
![PV = 3500\times [\frac{(1-(1+\frac{9.42}{400} )^{-5\times 4} )}{(9.42/400)} ]](https://tex.z-dn.net/?f=PV%20%3D%203500%5Ctimes%20%5B%5Cfrac%7B%281-%281%2B%5Cfrac%7B9.42%7D%7B400%7D%20%29%5E%7B-5%5Ctimes%204%7D%20%29%7D%7B%289.42%2F400%29%7D%20%5D)
PV = $55316.9
This ability is known as claircognizance or clear knowing. This is said to be one of four basic intuitive senses. People who exhibit this ability seem to just know things with no explanation as to how they came by the knowledge. A person with this ability can get information about a person object or place. They often explain the event as just flashing to their minds.
Answer: Shopping products
Explanation:
A shopping product is a type of product which equires consumer research and the comparison of different brands. Shopping products are items that are less frequently bought by the consumer hence the consumer compare several available brands in the market.
Consumers need planning, time and efforts before a final decision is taken on whether to purchase the product or not.
For example, considering the audio system that Joel wants to buy, he analyzed available brands firstly in the market taking the price and quality into consideration after which a wireless bluetoth home audio system was chosen and paid for. Examples of shopping product are washers, fridge, television etc.
<span>The price will increase by $6,396. The total price of the new model is $58,396. This answer is found in two parts. First multiply the old price by the decimal equivalent of 12.3%, 0.123, which looks like: 52,000*0.123=6,396. Then add this value to the price of the old model to get the price of the new model: 52,000+6,396=58,396.</span>