Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the given data are as follows:
Money borrowed = $30,000,000
Rate of interest = 9%
Time = 2 months
So, we can calculate the balance of loan interest payable by using following formula :
Balance of loan interest = ( Money borrowed × Rate of interest × Time ) / 12
= ( $30,000,000 × 9% × 2 months ) / 12
= $450,000
Hence, the balance of loan interest payable is $450,000.
Answer:
16.16%
Explanation:
The multiplier each week is ...
1 + 15%/52
So the multiplier after 52 weeks is ...
(1 +.15/52)^52 ≈ 1.1615834
This corresponds to an effective annual interest rate of 16.16%.
Answer:
- TFP does not cause diminishing returns
- both China and India experienced increased standards of living
Explanation:
Total Factor Productivity (TFP) shows how much the economy is growing in excess of the inputs of labor and capital put into the productivity of the economy. It can therefore not be explained by the amount of inputs put into production because it is the part of productivity that is more than the productivity that should have been seen given the inputs put in.
Increasing it does not cause diminishing returns which means it can lead to a sustained increase in per capita output.
Both China and India have experienced growth in the living standards of their citizens from 1980 to 2017 with both of them seeing millions being pulled from poverty. China for instance, managed to reduce the number of poor people in the country from 400+ million in 1981 to 70 million in 2017.
Answer:
$291,460
Explanation:
Data provided in the question:
Purchasing cost of the personal residence = $295,000
Real estate tax paid by Alice before the sale = $4,425
Property tax allocated to Alicia = $885
Property tax allocated to Rick = $3,540
Now,
Rick's basis in the residence will be
= Purchase cost - Property taxes allocated to Rick
= $295,000 - $3,540
= $291,460
