Answer:
- <u>No, I do not agree because the monthly payments are calculated using 9% interest compounded montly, and the student is calculating using simple interest.</u>
Explanation:
The question is missing the last part. Thus, I copy the complete question for fully understanding:
- <em>A student looking at the timeline for a student loan on page 60 of the text makes the following observation: The text states that the interest rate on the loan is 9%, but this calculation is obviously wrong. Each monthly payment is $127×12 = $1,524 per year. Therefore, because the principal of the loan is $10,000, the interest rate must be $1,524/ $10,000 = 0.1524 or 15.24%.</em>
<em> Briefly explain whether you agree with the student's reasoning.</em>
<em />
<h2><em>Answer</em></h2>
<em />
The payments of a loan are calculated using compound interest. The formula to calculate the monthly payments is:
Where:
- Payment is the monthly payment
- L is the amount of the loan (principal)
- i is the monthly interest rate (the annual interest rate divided by 12)
- n is the number of months
You can obtain the monthly payment of $127 with a an interest rate of 9%, for a $10,000 loan over 10 years, using previous formula:
<em />
The student then will pay $127 × 12 = $1524 per year, but that cannot be used to calculate the annual interest using a simple ratio, which would be valid only for simple interest.
Answer:
The terms to be included are regarding the provision relating to the resolution of any dispute.
Explanation:
As the question is missing the options, the options are found online and are given as below
a. an updated list of the music available through the service.
b. a detailed history of the music business.
c. a provision relating to the resolution of any dispute.
d. positive reviews from users of the service.
Out of these four options
Option A is incorrect as it is not something to be included in the terms and contracts because this list will be changing continuously.
Option B is incorrect as it is not something to be included in the terms and contracts because it is not relevant.
Option C is correct as it is provides valuable information for resolution of disputes.
Option D is incorrect as the reviews from the users will keep on changing and updating.
Answer:
B
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
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Consumption spending includes spending by households on goods and services. Consumption spending includes :
spending on durables - e.g. laptop
spending on nondurables - e.g. clothes, food
spending on services - e.g. payment of hospital bill
the purchase of a textbook by a student is an example of consumption spending on durable goods
Investment - It includes purchases of goods and services made by businesses in the production of goods and services
Government spending - It includes government consumption expenditure and gross investment.
The GDP would differ because the prices of oranges and apples are different
For example, if the price of an apple is $4 and the price of an orange is $1.
The contribution of apples to GDP =$4 x 100 = $400
The contribution of oranges to GDP =$1 x 100 = $100
For this problem for breach of contract and conversion
the possible remedies include the normal contract and tort remedies. i Also, in a situation in which an agent breaches his or her duty to the principal by retaining benefits that belong to the principal, a court can impose a constructive trust and declare that the agent holds the <span>benefits on behalf of the principal.</span>
Answer: E. crude oil refinery purchasing a firm engaged in drilling and exploring for oil.
Explanation:
Backward integration occurs when Company A acquires Company B because Company B produces the inputs that goes into the manufacturing of the goods produced by Company A.
In the scenario in option E, a crude oil refinery produces goods such as gasoline and other types of fuel but they do this by refining crude oil which is what the firm that they purchased is engaged in acquiring. This is therefore backward integration.