Wyatt's<u> effective interest rate</u> would be greater than his <u>nominal interest rate </u>by 0. 71 percentage points.
The <em>nominal interest rate</em> is 13. 62% or 0.1362 that would be given an <em>effective rate of interest </em>as follows:
Here, the value of the effective rate of interest<u>,</u> that is 0.1433 that would be multiplied with 100 to get the <u>percentage value</u> of 14.33%
Hence, the <u>difference between effective and nominal interest rates</u> would be:
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B- sales of goods and services
If closing the sale is an extremely stressful point for him. If he does not close the sale, the outcome will be he will generate no income.
<h3>What is income?</h3>
Income can be defined as a the cash receive from the sales of goods and services.
Based on the given scenario in a situation were Mike did not close the sale for the day this will tend to mean that he will generate no revenue or income reason being that closing the sale will enables him to generate income.
Therefore the outcome will be he will generate no income.
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Answer:
Expected payoff from insurance:
$1000*0.20 = $200
0*0.80=0
Expected payoff is $200
He pais $400 for insurance.
He gains only if there is a flood, but he has an expected loss of $200
<span>Sun baked mud bricks comprised the core of Mesopotamian ziggurats, while fired mud bricks comprised the outer facing. These fired bricks were often glazed in a variety of colors, speculated to have an astrological meaning. Sometimes facing bricks displayed the engraved names of Kings.</span>
