Answer:
10.24 years
Explanation:
For this question we use the NPER function that is shown on the attachment. Kindly find it below:
Data provided in the question
Present value = $5,000
Future value = $10,000
Rate of interest = 7%
PMT = $0
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be 10.24 years
Answer:
This is an example of increasing protectionism.
Explanation:
Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are
- Tariffs
- Quotas
- Subsidies
- Product standards
In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.
This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.
Answer:
13,6%
Explanation:
The first step to calculate the annual interest rate is to calculate the total yearly interest amount you will pay.
So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year,... so a total of $1,360 (4 x $340) for the year.
Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest

The effective annual rate on the load is then of 13,6%.
day
Explanation:
bc its day time and your doing things lol