The following are topics in macroeconomics:
- The optimal interest rate for the Federal Reserve to target
- The effect of a large government's budget deficit on the economy's price level
The following are topics in microeconomics:
How a quota on textile imports affects the textile industry
<h3>What is microeconomics and macroeconomics?
</h3>
Microeconomics studies individuals and business decisions, while macroeconomics studies the government decisions and its impact on the economy.
Macroeconomics is a top-down approach while microeconomics is a bottom-up approach to analysing the economy.
To learn more about macroeconomics, please check: brainly.com/question/13244131
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Answer:
A) The mower is only expected to be needed for three years.
Explanation:
Excelsior is surely more expensive than the Grassassinator, due to its longer working life. Therefore, it is essential to examine the period of use of the lawn mower. There is absolutely no need to invest in a long-running lawn mower if it is going to be needed twice less the time. In this case, it would be more financially efficient to invest in the Grassassinator.
Answer:
The future value of a 18-year annuity of $2,000 per period where payments come at the beginning of each period is $59,078.
Explanation:
We apply the formula to calculate future value of annuity to find the future value of 18-year annuity as at the beginning of year 18 ( because payment comes at the beginning of the year):
2,000/5% x (1.05^18 -1) = $56,264.77.
We further compound the future value of 18-year annuity as at the beginning of year 18 for one period to come up with the future value of this annuity as at the end of 18 year time:
56,264.77 x 1.05 = $59,078.
So, the answer is $59,078.
Benefits: You do not have to carry large amounts of cash with you
drawbacks: You have to pay interest rates
it is technically a loan
hope this helps
Answer: $1942.89
Explanation:
Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:
= PMT(9.2%/12, 84, -120000)
This will be slotted into the Excel calculator and the answer gotten will be $1942.89
Therefore, the monthly payment will be $1942.89.