Answer:
B. $4,520.64
Explanation:
The computation of the down payment is shown below:
= {Monthly payment × (1 - 1 + interest rate)^-number of periods} ÷ {Interest Rate}
where,
Interest Rate = 8% ÷ 12 months = 0.66667
= {500 × (1 - 1 + 0.67)^-48} ÷ {0.67}
After solving this, the amount is $20,480.956
Now the down payment is
= $25,000 - $20,480.956
= $4,519.04 approx
An oligopoly is a market form in which a market is dominated by a small number of sellers. For example, as of fourth quarter 2008, Verizon, AT&T, Sprint, and T-Mobile together control 97% of the US cellular phone market. Competition is limited in an oligopoly because barriers to entry are high.The most important barriers are government licenses, economies of scale, patents, access to expensive and complex technology, and strategic actions by incumbent firms designed to discourage or destroy nascent firms.
Answer:
The correct option is D, be concise
Explanation:
Being concise means that the presenter is being asked to achieve two opposing objectives of using few words as much as possible as well as being comprehensive enough such that the audience understand the topic appropriately.
Conciseness in actual terms, is required because the audience are not trained finance professionals and would not be able to comprehend professional terminologies.
I believe the answer is D!
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