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Monica [59]
4 years ago
6

Which formula should be used to correctly calculate the monthly mortgage payment?

Business
1 answer:
Charra [1.4K]4 years ago
7 0
What’s the question
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Which best explains what a credit score represents? A) A number expressing your yearly income. B) A numerical rating that shows
Juli2301 [7.4K]
<span>D) A numerical rating that expresses how likely you are to repay your debts.</span>
3 0
3 years ago
Suppose that when the price for Good A increases by 7 percent, the quantity demanded for that product decreases by 2 percent. Ac
Monica [59]

Answer:

The own price elasticity is 0.28.

The demand for good a is inelastic.

Explanation:

The price elasticity of demand for a product is the change in the quantity demanded of a product due to a change in its price.

When the price of good A increases by 7% the quantity demanded of that product decreases by 2%.

The own price elasticity of demand

= \frac{change\ in\ quantity\ demanded}{change\ in\ price}

= \frac{2}{7}

= 0.28

The elasticity of demand is less than 1, this implies that demand is inelastic.

A greater change in price is leading to a smaller change in quantity demanded.

7 0
4 years ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,
kolezko [41]

Answer:

It cost $915,166.69

Explanation:

R=75,000

i=j/m, j=0.0525, m=1 - annually

i=0.0525

n=mt

n=20

An=R[1-(1+i)^-n] : i

An=(75,000x[1-(1+0.0525)^-20]) : 0.0525

An=$ 915,166.69

8 0
4 years ago
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti
Marysya12 [62]
<span>In a monopoly, prices are usually higher
 because there's no competition,
 whereas in a competitive market items which  are not priced orderly may never sell
so correct option is A 
hope it helps

</span>
6 0
4 years ago
Read 2 more answers
In his late 30s, jerry quit his lucrative career in engineering to teach middle school science. his teaching salary is one-third
Amanda [17]
Based on the given scenario above, I can say that Jerry's career change is an example of RIGHT LIVELIHOOD. Despite knowing that the career he chose has lower salary and requires more time to work, he still finds it more fulfilling because it is what he wants. In the Buddhist teaching, right livelihood refers to how persons should make a living in a way that it will be more beneficial to them and is ethically positive. Hope this helps.
3 0
4 years ago
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