Before you give your hard earned cash to just any Internet bank, make sure they are legitimate. Check and re-check all of the institutions' contact information. Contact them. Ask questions. Make sure they are real! There also should be an “about us” section on the site. This should tell businesses detail. How long have they existed? Who is the CFO? Who is the parent company, if any? This is your money you are entrusting to them. Make sure it is safe! Go to the FDIC web-site. Look for information about the Internet bank you are considering. If they are insured, their information will be available.
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Answer:
10.38%
Explanation:
From the question above a bank offers to lend an amount of $10,000 for a period of 1 year
The bank expects an interest of $250 to be paid every 4 months
= $250×4
= $1,000
Total amount of interest= $1,000
The first step is to calculate the nominal interest
= (1000/10,000)×100
= 0.1×100
= 10%
Therefore, the effective annual rate on the loan can be calculated as follows
= (1+r/m)^m-1
r = 10% , m = 4
= [1+(10/100)/4]^-1
=[ (1+0.1/4)^4]-1
= (1+0.025^4)-1
= (1.025^4)-1
= 1.1038-1
= 0.1038×100
= 10.38%
Hence the effective annual rate in the loan is 10.38%
Answer:
a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.
b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.
Explanation:
Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.
Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.
Based on this explanation, we have:
a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.
b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.
Answer:don't get a loan
Explanation:u'll be bankrupt
Answer:
1,680 sailboats
Explanation:
See the image to get the answer:
