Answer:
$62,160
Explanation:
Given:
Purchase price = $300,000
Down payment = 10% of purchase price = 0.1 × $300,000 = $30,000
Thus,
the cumulative amount to be financed = $300,000 - $30,000 = $270,000
The present value of an annuity of $1 per year for 8 years at 16% = $4.3436
Now,
Annual payment
= ( Cumulative Amount financed ) / ( Cumulative PV factor at 16% for 8 years)
= $270,000 / 4.3436
= $62,160.42
≈ $62,160
Answer:
The demand for money decreases sharply.
Explanation:
The portfolio choice and Keynes's theory of demand for money both proposes that as the returns expected on money falls, its demand also falls. When there is an increase in interest rate, it leads to a decrease in the expectation placed on returns on money thus leading to a decrease in demand for money.
I believe the answer might be b and c:
Protective tariffs<span> are a tool countries use to protect domestic industries. They can take the form of taxes, duties, fees, or other restrictions on imported goods. The purpose of </span>protective tariffs<span> is to foster the growth of local industries and protect them from a flood of cheap foreign goods. </span>
Microcredit help poor people establish thriving small
businesses because it provides a small finacial loan made to proverty stricken
individuals who want to start their own business. Hence the objective of this
microcredit is for the poor people for self-employment. The following are the
reasons why microcredit targeted primarily to women because women make better
use of small loans than men. That most women do not spend their money on snacks
or luxuries than men but instead use their money into providing food for their
children/family. Women have a better track record when it comes to repayment,
women are a huge untapped labor pool, women have the right to access capital
and lastly women who receive loans adopt healthier lifestyles and are
empowered.
