Answer:
Instructions are listed below
Explanation:
Giving the following information:
Suppose Sally borrows $1,000 from Harry for one year and agrees to pay a nominal interest rate of 9%. When she borrows the money, both she and Harry expect an inflation rate of 6%. Suppose that when Sally pays back the loan after one year, the actual inflation rate turns out to be 7%.
Real rate= nominal rate - inflation rate
At the beginning of the loan, the expected real rate is:
Real rate= 9 - 6= 3%
The actual rate is:
Real rate= 9 - 7= 2%
<u>The equilibrium price of a </u><u>gallon could be</u><u> $3.3.</u>
What Is Equilibrium Quantity?
- When a product is in equilibrium amount, there may be neither a scarcity nor a surplus at the market.
- When deliver and call for cross, the quantity of a great that purchasers need to shop for is same to the quantity that its producers are supplying.
What is equilibrium amount and rate?
- The handiest rate at which customer and manufacturer plans coincide is the equilibrium rate, that is reached while the amount demanded with the aid of using purchasers and the amount furnished with the aid of using producers, respectively, are same.
- The equilibrium amount is the call given to this not unusual place amount.
- At Q = 1150, the market equilibrium rate might lie among social fee and personal fee, which comes out to be among $3.1 and $3.5, that is $3.3.
Learn more about Equilibrium Quantity
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Answer:
9 annual payments
Explanation:
The correct annual payment is $2,900 not $1,300 as shown below:
Kevin Morales invests $15,451.93 now for a series of $2,900 annual returns beginning one year from now. Kevin will earn a return of 12% on the initial investment.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
How many annual payments of $2,900 will Kevin receive?
In a bid to determine the number of annual payments of $2,900 that Kevin would receive, we can make use of a financial calculator bearing in mind that the calculator would be set to its default end mode before making the below inputs and that the amount invested today is the present value of annual payments
PMT=2900(amount of each annual payment)
I/Y=12(the rate of interest to be earned annually without the "%" sign)
PV=-15451.93 (amount invested, it is negative since it is an outflow)
FV=0(after all annual payments have been received, number of outstanding annual payments would be nil)
CPT
N=9.00
Answer:
Sole Proprietorship.
Explanation:
This is an example of a Sole Proprietorship. It is a form of business owned by one person . The owner provides the capital (usually not that large) , has unlimited liability in the business, and the life of the business depends on the existence of the owner; if he falls ill or passes away and there's no succession plan, the business would dissolve.
Answer:
A. Budgets must measure a year in length
Explanation:
Budget periods are based on organisation goals or targets for a period of time. Budgets, which are estimates of income and expenses, can be prepared for a specified period of time e.g a year, a month, a week, five years etc. This makes option A incorrect.
In order to set realistic budgets, adequate research and review of past performance is required to set attainable goals for the organisation. Furthermore, for budgets to be effective, a sound organizational structure that clearly demarcates roles and responsibilities should be in place in order to meet the set goals. Therefore options B, C and D are correct.