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3 years ago

PERSONAL FINANCE QUESTION PLS HELP

Business

1 answer:

mr Goodwill [35]3 years ago

4 0

Answer:

People often buy fewer goods and services

Explanation:

This is the only option that makes sense for the question. Economic slow down is marked by the movement of money slowing down. As the movement money slows people buyer fewer goods and services.

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Facing stiff competition, Hendrix College, a small liberal arts institution in Conway, Ark., decided two years ago to bolster it

Marianna [84]

Answer:

Inelastic

Explanation:

Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.

PED = 37% / -25% = -1.48 inelastic

If PED > 1, elastic demand

If PED < 1, inelastic demand

If PED = 1, unitary demand

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3 years ago

If a country has a high level of income, it likely has:________.1. a highly productive work force.2. widespread access to techno

Rus_ich [418]

Answer:

Explanation:

According to economic growth theories , economic growth can occur as a result of :

1. increase in labour

2. technological advancement

3. growth in physical theories

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3 years ago

You receive a college investing kit in the mail from a reputable investment company. This information is _____.

mafiozo [28]

The information is reliable, I believe. (As the question states the investment company is reputable, which is pretty much a synonym for reliable, so it can't be unreliable.)

3 0

4 years ago

how can electricity, communication, and transportation facilities indicate the potential for industrial growth?

Mashutka [201]

Answer:

The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.

Explanation:

7 0

3 years ago

An investment offers $6,700 per year, with the first payment occurring one year from now. The required return is 6 percent. a. W

oksian1 [2.3K]

Answer:

Ans.

a) The value today if the payments occured for 15 years would be:$65,072.07

b) The value today if the payments occured for 40 years would be: $100,810.19

c) The value today if the payments occured for 75 years would be: $110,254.18

d) The value today if the payments occured forever would be: $111,666.67

Explanation:

Hi, except for c) (we´ll talk about later about c.) the equation that we need to use is:

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

Where:

A = Annuity (yearly payment, in our case $6,700)

r = Discount rate (in our case 6% or 0.06 for the formula)

n = Period of time (for a) is 15, b) is 40, c) is 75)

So, let´s solve a)

$PresentValue=\frac{6,700((1+0.06)^{15}-1) }{0.06(1+0.06)^{15} } =\frac{6,700(1.396558193)}{0.143793492} =65,072.07$

For b) is:

$PresentValue=\frac{6,700((1+0.06)^{40}-1) }{0.06(1+0.06)^{40} } =\frac{6,700(9.285717937)}{0.617143076} =100,810.19$

For c) is:

$PresentValue=\frac{6,700((1+0.06)^{75}-1) }{0.06(1+0.06)^{75} } =\frac{6,700(78.05692079)}{4.743415247} =110,254.18$

Finally, for d) which is if the payments were made forever, the formula would be:

$PresentValue=\frac{A}{r}$

So the present value if this payments were made forever would be:

$PresentValue=\frac{6,700}{0.06}= 111,666.67$

Best of luck.

7 0

3 years ago