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bulgar [2K]
3 years ago
5

Why do you think compound interest is described by some as a mathematical explosion?

Business
1 answer:
tekilochka [14]3 years ago
3 0

Explanation:

what is the first tink sol do you with your money ? g i v e TRUE ore false You should save first , give second and sens third false

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The borrower in a $238,000 loan makes interest payments at the end of each six months for eight years. These are computed using
yanalaym [24]

Answer:

D = 7980.55

Explanation:

Since the borrower pays in 6 months wich is half a year, we calculate the semi-annual rate = \frac{Annual rate of intrest}{Number of months}

= \frac{0.042}{12}

= 0.0035 = 0.35%

The effective semi-annual rate is, [(0.0035)⁶- 1] = 0.02118461

\frac{D[(1.02118461)^{16}  - 1]}{1.02118461) - 1} + \frac{D[(1.02118461)^{10}  - 1]}{1.02118461) - 1} = 238000

\frac{D(1.398518 - 1)}{0.02118461} + \frac{D(1.233226 - 1)}{0.02118461} = 238000

0.631744D = 238000 * 0.02118461

0.631744D = 5041.937

Therefore D = 7980.55

7 0
3 years ago
List one thing you SHOULD do if your car loan suddenly becomes too expensive.
Sphinxa [80]

Answer:

Modify Your Auto Loan.

Refinance Your Vehicle Loan.

Trade-in Your Car.

Let Someone Else Assume Your Loan.

Sell Your Vehicle.

Turn the Keys In.

Let Your Car Be Repossessed.

File for Bankruptcy.

5 0
3 years ago
The balance sheet of Innovative Products reports total assets of $570,000 and $770,000 at the beginning and end of the year, res
Makovka662 [10]

Answer:

$201,000

Explanation:

The computation of net cash flows from operating activities is shown below:-

Beginning Total Assets            $570,000

Ending total assets                   $770,000

Average Total Assets in use    $670,000

($570,000 + $770,000) ÷ 2

Cash return on Asset                    30%

Cash Flow from operating activities  

Average Assets × 25%               $201,000

($670,000 × 25%)

Therefore the Cash Flow from operating activities is $201,000

6 0
3 years ago
Economic research "consistently" finds that immigration negatively impacts the average American wage. "false"
Alja [10]

Answer: The given statement is false.

Explanation:

Immigrants give a boost to the average wages of Americans by increasing the overall productivity and help in investment. Immigrant workers are more advanced in skill sets and knowledge which helps the native Americans to improve their productivity. This process has boosted the investment which in turn increased the demand for labor and increased the pressure on improving wages of labor.

4 0
3 years ago
The labor-force participation rate tells us the fraction of the population that a. has chosen to participate in the labor market
Klio2033 [76]

Answer:

a. has chosen to participate in the labor market.

Explanation:

The formula to compute the labor-force participation rate is shown below:

Labor- force participation rate = Labor force ÷ Population of working age

By dividing the labor force with the  Population of working age so that the labor force participation rate could come

Therefore, the option a is correct as it defines the participated in the labor market

8 0
3 years ago
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