Answer:
TRUE
Explanation:
It is true that if a costumer has a coupon for 30% off any skateboard and then another coupon for an extra 5% off a total purchase, you can simply add the coupons together to determine the discount as long as they are only buying one skateboard
.
The above assertion is correct because the amount of the skateboard will be the same as the amount for the sale, hence both percentages making up 35% can be applied to the skateboard amount.
<u>However if they buying more items than just a skateboard, the total amounts of the different items of purchase has to be added before applying the discount percentage.</u>
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Answer:
Explanation:
Net Cost of Life Insurance Premium : Life insurance policy entails Premium to be paid by the insured at a monthly / quarterly interval. insured often gets dividend from the insurance company and in that case, the net cost of premium will be low
The 20 years premium can be calculated with Annual Premium which is not given in the question, therefore i will solve for all the option but please pick the answer that the Annual premium is with you
a) 20 years premium = Annual Premium x Number of years
= 11700 x 20
= 234,000
b) 20 years premium = Annual Premium x Number of years
= 7900 x 20
= 158,000
c) 20 years premium = Annual Premium x Number of years
= 550 x 20
= 11,000
d) 20 years premium = Annual Premium x Number of years
= 28350 x 20
= 567,000
The answer is maximizing utility.
When Marietta is making her decision she is trying to get the maximum utility for the money that she has.
This is an example of the Utility Maximizing Rule. (Keep in mind that utility is defined as the total amount of satisfaction a consumer obtains from consuming a product.) The utility maximizing rule explains how consumers decide to allocate their money so that the last dollar spent on each product purchased yields the same amount of extra (marginal) utility.
Answer:
True
Explanation:
All spend money on necessary and unnecessary things. The government could spend money on (example) a new banking system. Businesses can spend money on a bigger store or building. Lastly, you as an individual could spend money on a new shirt.
Answer:
a. Ending balance in year 3 = $0
b.
% Interest % Principal
Year 1: 28.82% 71.18%
Year 2: 20.28% 79.72%
Year 3: 10.71% 89.29%
Explanation:
a. Complete an amortization schedule for a $15,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 12% compounded annually. Round all answers to the nearest cent.
Note: See part a of the attached excel file for the calculations.
In the excel function, the yearly payment is calculated by using PMT function in Excel: =PMT(12%,3,-15000,,)
b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places.
Note: See part b of the attached excel file for the calculations.
