Fixed interest rates and income-driven repayment plans. Hope it helps.
Answer:
After World War II, the United States helped rebuild Western Europe.
Explanation:
There was a program known as 'The Marshall Plan' or 'European Recovery Program' started by United States in which it provided help to Western Europe after the World War II. It was passed in 1948 by Secretary of United States 'John Marshall'. According to this program, it gave more than $15 billion as a financial help to Western Europe to rebuild their continent.
Their main purpose was to revive the working economy of the world. Also, Marshall believed that stable government in Europe would depend on economic stability of the people.
Answer: $31,513.65
my monthly payment (principal) would be closest to $31,514
Explanation:
Using compound interest formula below to find the principal
A = p (1 + r/n)^nt
A= amount = $34,000
r = annual nominal rate = 1.9% = 0.019
n = number of compounding ; monthly compounding means 12 interest payments in a year
P= principal
t= time in years 48months = 48/12years = 4years
34,000 = p (1 + 0.019/12)^12(4)
34,000 = p (1 + 0.00158333333)^48
34,000 = p ( 1.00158333333)^48
34,000 = 1.07889755p
Divide both sides by 1.07889755
P = $31,513.6502
≈$31,514 to nearest whole number.
Answer:
The correct answer is: marginal cost; average variable cost.
Explanation:
The supply curve of a perfectly competitive firm is equal to its marginal cost curve above the minimum point of its average variable cost. This happens because the firm supplies at the point where its price is equal to marginal cost and covering the average variable cost.
In case the product price does not cover the average variable cost, the firm will stop production.
Answer: $295
Explanation:
Given that,
Amount spent by the students is normal in shape
Mean = $235
Standard deviation = $20
99.7% is within 3 standard deviations of the mean:
= Mean + 3 × Standard deviation
= $235 + 3 × $20
= $235 + $60
= $295
The amount of $295 is spent by all the students on textbooks.
