Answer:
$1,610.51
Explanation:
The complete question is
Bruce takes out a personal loan of $1,000 to go on a trip to Florida. His loan has an annual compound interest rate of 10%. The loan compounds once each year. When you calculate Bruce's debt, be sure to use the formula for annual compound interest.
Bruce borrowed $1,000 for his trip.
If Bruce waits for five years to begin paying back his loan, how much will he owe?
we know that
The compound interest formula is equal to
where
A is the Final amount owed
P is the amount of money borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
The correct answer is option d.
Explanation:
Specialization in trade due to the difference in opportunity cost helps in improved allocation of resources globally. It leads to increased production of goods and services around the world as the resources are efficiently allocated.
The well being of people worldwide will be improved, both producers and consumers will be better off. The size of the economic pie will increase with increased production.
The improved allocation will shift the production possibilities outward as countries will be able to produce more.
The answer is B I believe
Answer:
will improve the profit margins of firms and thereby induce them to expand output in the short run.
The best way in handling this is by explaining it to the person again in a clear and understandable manner in which you wouldn't leave without him or her repeating or assuring that he or she does understands the topic that he or she finds difficult to understand. It is needed that a person who is being asked by the new retail associate should be understandable for the person is new at his or her department and needs some people to guide him or her through.
