Answer:
They are something to do with car and lines in traffic
Explanation:
:))) Your welcome
Most homeowners would agree that the most important financial benefit from owning their own home is the tax break. This is known as a tax shelter and allows for homeowners to avoid or lower their taxes. Owning a home reduces your taxable income and in large part due to interest rates and interest paid on an owned home.
Based on the real GDP growth rate, the velocity of circulation, and the quantity of money, the long run inflation rate will be 0%.
<h3>What is the long-run inflation rate?</h3>
This can be found using the Quantity theory of money:
Money supply x Velocity of circulation = Price level x Real GDP
Can also be written as:
% change in M + % change in V = % change in P + % change in Y
Solving gives:
3% + 0 = P + 3%
P = 3% - 3%
= 0%
The price level is to increase by 0% which means that inflation is 0%.
Find out more on the Quantity theory of money at brainly.com/question/26370040.
The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).
<h3>Simple Interest</h3>
Given Data
- Final Amount = $4,500*2 = $9,000
Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 22%/100 = 0.22 per year,
then, solving our equation
t = (1/0.22)((9000/4500) - 1) = 4.55
t = 4.55 years
Learn more about Simple Interest Here:
brainly.com/question/723406
