Answer:
Friendly's would say you were paying <u>1042.86% APR</u>.
Explanation:
Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.
Annual Percentage Rate (APR) can be determined using the following formula:
APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)
Where;
APR = ?
Fees = 0
Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00
Principal = Amount to borrow = $10.00
n = Number of days in the loan term = One week = 7 days
Substituting the values into equation (1), we have:
APR = {[(0 + 2) / 10 / 7] * 365} * 100
APR = 1042.86%
Therefore, friendly's would say you were paying <u>1042.86% APR</u>.
A. Raymond applied for the position, and he was called for an interview two days later.
(This sentence has more than one subject and a predicate, hence is a compound sentence)
Answer: b. using a fixed basket of goods and, therefore, will tend to overstate inflation.
Explanation:
CPI uses a fixed basket of goods each year and measure inflation by monitoring the changes in this basket over several years/ periods.
This has the tendency to overstate inflation however, due to three(3) main reasons: Substitution bias, Quality bias and New product bias.
With substitution bias, the CPI does not take into account that when products increase in price, people will substitute them for lower priced goods. Quality bias means that CPI does not account for change in quality. New Product bias means that CPI does not account for new and better products as it uses a fixed basket.
Put together these three can cause CPI to overstate inflation by as much as 1% sometimes.
Answer:
stagflation
Explanation:
This country is undergoing a process of stagflation, which is the combination of stagnation in economic activity and high inflation. The recipe for stagflation is exactly as described. Decrease in real wages caused by the inflation process and decrease in consumption because agents are becoming poorer and more fearful about the future.
Answer:
The quantity of products to be produced or sold.
Explanation:
The pricing objectives refer to the goals a business establih and that it uses to establish the way in which it sets the prices of the products or services. Unit volume is a price objective and it refers to establishing a price to reach a high unit volume. According to this, the answer is that unit volume as a pricing objective refers to the quantity of products to be produced or sold.
