If the Federal Reserve increases the interest rate that it pays on your deposits with them increase reserves at the Fed and reduce loans.
If the Federal Reserve increases the interest rate that it pays on your deposits with them, this means that the amount I deposit with the Fed would earn a higher rate of interest.
The aim of businesses is to make profit. As a result, I would increase the amount I deposit with the Fed in order to earn a higher rate of interest on my deposit and I would reduce the amount of loans I make.
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The statement that is true among the choices given is option C. The presentvalue of money is greater than its future value. This statement is a fact and is always true. The present worth of a money is greater than its future value due to inflation. This is the principle called the time value of money.
Answer:
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<span>The person that is being described above is a
technical director. It Is someone who is responsible in a engineering firm or
company in the software category but they also resides in the theatrical
company in which they are responsible in the elements they are trying to show
on stage such as the sceneries and the platforms.</span>
Monthly payment, p = $300
Duration of loan, t = 4 years
Interest rate, r = 7% = 0.07
n = 12, the compounding interval.
The value of the loan is
A = (4 yr)*(12 mo/yr)*($300 per mo) = $14400
Let P = the principal (the amount financed).
Then
n*t = 12*4 = 48
P(1 + 0.07/12)⁴⁸ = 14400
1.3221P = 14400
P = $10,892.14
Answer: $10,892 (nearest dollar)
