Answer:
21.45%
Explanation:
Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000
Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%
Where,
nper = number of period = 30
pmt = annual payment
pv = present value which has a default value of 0.
fv = future value = $950,000
Note: Find attached the excel sheet to see result.
Answer:
of changes in price level
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
For example, country A produces 10 kg of rice at $10 per kg in 2019 and 50kg of beans at $30 per kg in 2018. In 2019, it produces 10 kg of rice at $20 per kg in 2019 and 50kg of beans at $40 per kg in 2019. 2018 is the base year.
Nominal GDP in 2018 = (10 x $10) + (50 x $30) = $1600
Nominal GDP in 2019 = (10 x $20) + (50 x $40) = $2200
Real GDP in 2018 = (10 x $10) + (50 x $30) = $1600
Real GDP in 2020 = (10 x $10) + (50 x $30) = $1600
We can see that even though the country produced the same quantity of outputs in both years, nominal GDP differed but when the effect of rise in prices was eliminated, real GDP for both years was the same.
Answer:
c) movement from a point inside the curve to a point on the curve.
Explanation:
Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.
Answer:
To manage credit risk, the organization has to maintain credit exposure within the allowed bounds. One successful technique is via a risk assessment algorithm that evaluates how much a bank stands to lose on loan portfolio. Furthermore, loan choices are frequently dependent on the potential borrower's credit score and report.
Explanation:
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