Answer:
Her Yearly Repayment will be approximately $5771
Explanation:
For an Amortized Loan, to calculate the payment amount per period, we use the formula:
A=[P(1+r)ⁿ]/[(1+r)ⁿ-1]
where A=Payment per period
P= Initial Principal/Loan Amount
r= Interest rate per period
n= number of payments period
From the information provided,
P=$20000
n=4 years
r=6%=0.06
Therefore Yearly Repayment Amount A=[Pr(1+r)ⁿ]/[(1+r)ⁿ-1]
=[20000X0.06(1+0.06)⁴]/[(1+0.06)⁴-1]
=[1200(1.06)⁴]/[(1.06)⁴-1]
=[1200X1.2625]/[1.2625-1]
=1515/0.2625
=$5771.43
An externality in business or economics is where an industrial activity has an unexpected side effect which does not figure in the cost of the goods and services involved. For example, I worked many years at a large mine. Just the existence of the mine there meant it was a no-hunting area so a side effect was that the moose used it as a refuge during hunting season which as a side effect was beneficial to the moose (and deer). Another example is that we used to crush mine rock for the haulroads for winter traction. As a result, it was found that the fines from this were concentrated with copper values so were put in the mill for processing-an unexpected outcome.
Answer:
(C) Partner A will have a smaller loss absorption potential than L
<span>Disability income plans which require that the insurer can never change or alter premium rates are usually considered </span>noncancellable.
Noncancellable means an insurance policy that can not be canceled as long as the customer makes their premium payments. They can not cancel or change the service agreement for any reason if payments are made.
Answer: Transformational advertising
Explanation:
From the given case/scenario, we can state that this approach is an example of Transformational advertising. Transformational advertisement is referred to as or known as advertising which tends to associate experience of consuming advertised brand in association with unique parts of the psychological characteristics that are not typically associated with brand or the experience.
