Answer:
The EAR of this arrangement is 22.24%.
Explanation:
The choice given by the store means that the present value of 52 weekly equal payment discounting at a weekly discount rate will be equal to the furniture price which is $1,520 ( as one year has 52 weeks). So, we apply the formula for calculating the present value of the annuity, with x denoted as discount rate as below:
1,520 = (32.33/x) * [1 - (1+x)^(-52)] <=> x = 0.387%.
As x = 0.387% is weekly rate, the EAR will be calculated as:
EAR = [ (1+0.387%)^(52) ] - 1 = 22.24%.
Answer:
The inflation rate should remain the same or around the same.
Explanation:
Since almost 50 years ago, there has been a very steady relationship between the inflation rate and the unemployment rate in the US. When the inflation rate is lowering, the unemployment rate tends to increase, and vice versa.
In this case the unemployment rate is stable and has been stable for a number of years, so the inflation rate should remain the same as last year's.
Answer:
True
Explanation:
Opportunity cost refers to the benefits foregone of a non chosen alternative when an alternative is chosen.
Going to college represents opportunity cost in the form of money incurred specifically for pursuing studies and also the lost opportunity in the form of income foregone which could've been earned had the student worked somewhere.
Thus, dropping out of college would involve the opportunity cost in the form of money spent exclusively for study as well as the money which could've been earned had the individual preferred working.
Hence, the given statement is true.
Answer:
What decision are you trying to make using that information?
Explanation:
By knowing the answer to the question, the researcher could designed their research to provide the most relevant data specifically for that purpose.
<u>for example,</u>
let's say that the purpose of the research is to find out which advertising strategies work the best.
The researcher could specifically separate the date and divided the market shares based on different periods. Each different periods are made represent different advertising strategies.
This would provide frank with the information regarding which strategies cause the most increases in market shares.