Answer:
a) 1% per month
2) 263.34 dollar per month
3) interest will be of 64,03 in the 20th payment
d) total payment: 2,640.32
Explanation:
PV 10,000
time 48
a) monthly rate: 12% annual / 12 months per year = 1% = 0.01
b) C $ 263.338
amortization at the 1st payment:
263.34 - 10,000 x 0.01 = 163.34
at the 20th payment:
163.34 x 1.01^20 = $199.3058
interest: cuota - amortization = 263.34 - 199.31 = 64,03
d) 263.34 x 48 - 10,000 = 2.640,32
This economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs, there will be an immediate growth effect.
Recall that population growth in the Solow model does not contribute to per capita income growth, which depends solely on the growth of (exogenous) technology. in Romer's model, population growth could be the source of her per capita income growth.
In the short run, increased savings and investment boost national income and output growth. Solow analyzes how increased savings and investment affect long-term economic growth. In the short run, higher savings and investment lead to higher national income and output growth in the short run.
The Solow growth model is an exogenous model of economic growth that analyzes changes in an economy's output levels over time as a result of changes in the rate of population growth, savings, and technological progress.
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The company incurs costs in receiving, inspecting, identifying, and returning the merchandise. More returns create more expenses.
Is cost of sales an expense?
Cost of Goods Sold is also known as “cost of sales” or its acronym “COGS.” COGS refers to the cost of goods that are either manufactured or purchased and then sold.
COGS counts as a business expense and affects how much profit a company makes on its products.
What are the depreciation expense?
Depreciation expense is that portion of a fixed asset that has been considered consumed in the current period.
This amount is then charged to expense. The intent of this charge is to gradually reduce the carrying amount of fixed assets as their value is consumed over time.
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