Answer:
Douglas can afford 21697.88 to borrow to purchase a car.
Explanation:
As the formula for calculating present value is given as:
PV = PMT * ( (1-(1+r)^-n) / r )
As Douglas can afford 240$ a month for five years for a car loan so
it means that payment = 240
$
As the APR is 8.5% which means after dividing by 12 the rate per month = 8.5%/12
Total number of Months = 5*12
Total number of Months = 60
Putting these values into the above formula, we get
PV = PMT * ( (1-(1+r)^-n) / r )
PV = 240 * ( (1-(1+8.5%/12)^-60) / (8.5%/12) )
PV = 11697.88
As the down payment = 10,000 so the total value of car
= 11697.88+10000
= 21697.88
Douglas can afford 21697.88 to borrow to purchase a car.
The product’s equilibrium price
Just simply because the price and quantity is the same
Identifying and removing employment practices which are working against minority applicants and employees is the affirmative action strategies would involve an employer changing the company policy or the way an organization is decorated.
Affirmative action includes a set of policies and practices within a government or organization which seeks to include particular groups based on their race, gender, sexuality, or nationality.
In no way does affirmative action require an employer to hire an unqualified minority over a qualified non minority, which is important to note. Thus, affirmative actions include outreach efforts, training programs, and other positive steps.
Hence, affirmative action gives a certain advantage to the minority groups in the recruitment process.
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Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17
<h3>What is
Child Tax Credit?</h3>
Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.
The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).
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Answer: B) Correct Incorrect
Explanation:
Whilst it was generally believed at some point that raising taxes and Government Spending by the same amount would have no effect, research has disproven this thought.
This is because it was shown that an increase in Government Spending leads to a larger increase in GDP than an increase in taxes reduces it.
This is because when the Government spends money, the Multiplier effect of Government Spending is always 1 more than that of the Taxes therefore raising taxes and spending by the same amounts still increases the Real GDP because Government Spending will create more income than taxes will take.
Necco is right, Packard is wrong.
