Answer:
Extortion
Explanation:
Extortion is the act of threatening or forcing another party to give you something, most of the time money.
In this case the minister in the developing country is demanding for payment before giving approval for the multi-million dollar contract.
The threat the minister is using against the company is to not approve Thier contract.
1) Mixed economies are a mix of Command (regulated by the government) and free (Market) economy - the answer is b)
2)Today most countries have a mixed economy, there are few (such as North Korea) which have a command economy, but none have a true free market (for example drugs are regulated)
3)Inflation means that one needs more money to buy the same goods - this is measured by a rising Consumer Prize index (answer d)
4) this indicator would be a steady, but low inflation - but inflation is bad for the economy but lack of inflation is not really stable
Answer:
The magic of compound interest happens in a way that the more you put in, the faster your money grows.
Explanation:
The magic of compound interest happens in a way that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.
Answer:
Option (c) is correct.
Explanation:
Interest expense on Nov 30, 2016:
= (Purchase amount × Rate of interest) ÷ No. of months in a year
= ($288,000 × 12%) ÷ 12
= $2,880
Principal repayment on Nov 30, 2016:
= Monthly payment - Interest expense on Nov 30, 2016
= $25,588 - $2,880
= $22,708
Interest expense on Dec 31,2016:
= (Purchase amount - Principal repayment) × Rate of interest] ÷ No. of months in a year
= ($288,000 - $22,708) × 12%] ÷ 12
= $2,653
Therefore,
Interest expense for the year ended December 31, 2016:
= Interest expense on Nov 30, 2016 + Interest expense on Dec 31,2016
= $2,880 + $2,653
= $5,533
