Answer:
the nominal annual interest rate on the payment plan is 15%
Explanation:
According to the question, a one-time payment for the speakers will cost $1,000
An installmental payment will have a $150 down payment and then another $100 fro ten subsequent months.
Calculating the total payment at tthe end of the payment plan will give
$150 + ($100 x 10months)
we have, $150 + $1,000 = $1,150.
This shows that at the end of the payment plan, the set of speakers would have cost $1,150 instead of $1,00 one-time payment.
Step 2:
To calculate the interest rate, we subtract the one-time price from the payment plan price and express it as a percentage of the one time price to get tthe interest rate.
$1,150-$1,000 = $150
then we have,
($150 ÷ $1,000) × 100%
= 0.15 × 100%
- 15%
The nominal annual interest rate is 15%.
Cheers.
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
Answer:
political union.
Explanation:
Political Union is defined as a political entity that is made up of different states. Usually the different stages come together to form. The political Union in a process called unification.
Lumberne is a continent comprising 18 countries.each country is politically independent, governments of at least 12 countries are negotiating to form a common government. Lumberne is a free trade area and an economic union including all 18 countries as members of free trade.
This is an example of a political Union.
<span>The cost of borrowing money is called the interest. Interest is what you pay to the loan company or lender when you borrow money from them. The interest is what they are charging when they give you money for a purchase now while you pay them back overtime. </span>
The managed care plan that is allowed to contract directly with employers to provide health care services is the health insurance.
<h3>What is managed care plan?</h3>
- Health insurance comes in the form of managed care programs. They have agreements with hospitals and medical centers to provide members with care at lower costs.
- These suppliers make up the network of the plan. The policies of the network will determine how much of your care the plan will cover.
- Among the several categories of managed health care programs are: maintenance of health organization (HMO) preferred supplier company (PPO) Service location (POS)
- The availability of numerous in-network providers, low costs, the provision of credentialed treatment, lower prescription costs, and low cost are some of the most frequently cited advantages of managed care systems.
Learn more about managed care plan here:
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