Answer: 16.08%
Explanation:
The effective annual interest rate simply means the interest rate on a loan that is restated from nominal interest rate.
In the above question, we are informed that it uses 15.00% as the nominal annual rate make monthly payments.
Effective annual rate = (1 + r/m)^m - 1
where,
r = annual nominal interest rate
m = number of compounding periods for the year.
In this case m= 12 since there are 12 months in a year.
The answer has been attached.
Answer:
The answer are: ... are a combination of the central planning system and the price system.
Explanation:
Every economy in the world is a mixture of capitalism and socialism. In capitalism the fee market is absolute king, it sets prices and supply and demand of products. In socialist countries the government plans the economy and decides supply and demand of goods and services.
No country is purely capitalist since taxes exist and the government always intervenes with regulations and public services, etc. No country is purely socialist either, not even North Korea, since all the economies need to trade with their neighbors and people will always want to prosper.
So countries try to manage their economies in a mixture, some are more capitalist like the US and Canada, and some are more socialist like North Korea and Venezuela. The EU is sort of in the middle of both ideologies.
Sub-Saharan Africa is defined as the region lying south of the Sahara Desert in Africa.
North Africa does not have a lot of diversity in terms of race, religion or language, mostly being made up of Arabs and Berbers speaking Arabic and Berberi with overwhelming Muslim majority.
Sub-Sahran Africa, on the other hand is a diversity Whirlpool with the country of Nigeria alone having more than 500 documented languages.
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Answer: product specifications
Explanation: In simple words, product specifications refers to the criteria which is used to decide the products that one should use. It directs the specifications that are required to choose a product among other alternatives.
Thus, from the above we can conclude that the correct answer is product specification.
