The real value of your savings if the price level increases by 6 percent for the year will be $5,660.
If the price level increases by 6%, then the year-end price level index would be 106.
Real value of savings = 6,000 * (100 / 106) = $5,660
The charging stage is the average of contemporary costs across the whole spectrum of products and services produced in an financial system. In extra preferred phrases, price level refers back to the rate or value of an excellent, service, or security in the financial system.
the general rate level is a hypothetical degree of average expenses for some set of products and services, in an economic system or monetary union for the duration of a given c program language period, normalized relative to some base set. Generally, the overall price degree is approximated with a each day charge index, commonly the Daily CPI.
We are able to think of this charge level for a basket of products as a popular fee index that is created from diverse items and services within the USA. For instance, the customer price index (CPI) within America is a representative rate degree for a basket of goods.
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The United States House of Representatives.
Answer:
If the interest rate decreases, you will be able to pay back the loan in only 58 months, which is 27 months less than with the higher interest rate.
Explanation:
I prepared an amortization schedule using the 21.8% rate, an it would take 85 months to pay of your debt completely. But if the interest rate decreases to 12.4%, it will take you only 58 months.
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The answer is: Technology and planning integration
Technology and planning integration refers to the use of modern technology in order to achieve company's goals more efficiently.
Not only that, implementing technological assistance will lower the total cost made by the company in the long run.
