Answer:
Therefore I can borrow $19646.12 from E-Loan.
The interest I will pay for the loan is $1,857.88.
Explanation:
The formula of present value is
![PV=PMT(\frac{1-(1+i)^{-n}}{i})](https://tex.z-dn.net/?f=PV%3DPMT%28%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%29)
PMT = The monthly payment = $448
i= Rate of interest per period ![=\frac{4.5}{12}\%=0.00375](https://tex.z-dn.net/?f=%3D%5Cfrac%7B4.5%7D%7B12%7D%5C%25%3D0.00375)
n = The number of month = 48 months
Therefore
![PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})](https://tex.z-dn.net/?f=PV%3D448%28%5Cfrac%7B1-%281%2B0.00375%29%5E%7B-48%7D%7D%7B0.00375%7D%29)
≈$19646.12
Therefore I can borrow $19646.12 from E-Loan.
The interest = Paid amount - Loan amount
=$[(448×48)-19646.12]
=$1,857.88
The interest I will pay for the loan is $1,857.88.
Answer: A. interest rates have risen
Explanation:
Since the customer buys a Brokered CD for $100,000 and upon eceipt of his next account statement, he sees that there has been a reduction in the market value of the CD to $99,800.
This would occur because there has been an increase in the interest rates. On the other hand, assuming there was a reduction in the interest rate, this will lead to an increase in the market value.
The right answer for the question that is being asked and shown above is that: "The government will pay firms to give some workers extra pay to increase the total economy." <span>Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? </span>
Answer:
If the demand for the product or services goes down
Explanation:
A reduction in demand for a good or service results in a decline in its price. As per the law of supply and demand, a decline in demand while holding other factors constant pushing the equilibrium price down. Reduced prices mean that the revenues obtained from the sales of the product or service will decline.
Hiring an extra worker when the demand is low will lead to losses. Low demand causes low prices, which implies that the cost of the new employee will be greater than the benefits obtained from the worker. A reduction in prices will mean that the marginal product of labor will be lower than the cost of labor.
Answer:
Explanation:
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