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
The amount of money p will be payed in an annual payments at Annual percentage rate.
Annual percentage rate is the yearly interest produced by a sum that the borrower has to pay . Annual percentage rate is conveyed as a percentage that shows the real annual cost of funds during the term of a loan or income earned on an investment. It does not consider compounding into account.
"APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which it was put in".
APR=((Fees+Interest/p/n)×365)×100
Where-
Interest=Total interest paid during life of the loan
P=Loan amount
n=Number of days in loan term
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Answer:
Intranet Connectivity:
Explanation:
For smooth working in the office, whether it is small or big business, the most crucial element is connectivity to the company intranet. This is crucial for conducting the work in a smartest and effective way.
The two type of intranet that company acquired is
a) intranet provided by the third party
b) network connectivity managed by the corporation itself
Answer:
The markup calculated as a result of information about the elasticity of demand
Explanation:
As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.
There are three facts about markup:
1. The Markup is not to be a price below marginal cost of the pharmaceutical product.
2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an
increase in revenue for the seller.
Therefore having a -4 elasticity of demand could imply more profits for the firm.
