Answer:
$177,114.99
Explanation:
The ending balance of the loan at the end of the 30th month after the monthly payment is the beginning balance at the beginning of the month plus the interest for the month minus the monthly payment.
Note that the interest expense for the month increases the loan balance while the monthly payment reduces the balance.
interest expense for 30th month=beginning balance*fixed interest rate/2
interest expense for 30th month=$177,391.93*4.375%/12
interest expense for 30th month=$646.74
monthly payment =$923.68
The ending balance of the loan=$177,391.93+$646.74-$923.68
The ending balance of the loan=$177,114.99
During a period of economic expansion, the demand curve for bonds shifts to the left.
<h3>What is the effect of an economic expansion?</h3>
During an economic expansion, the supply of money in the economy rises and the demand for money also increases. This leads to an increase in the interest rate and the price of the bonds would fall.
If expected profitability is expected to be high, people would prefer to hold more risky investment. Thus, there would be a fall in the demand for bonds. The demand curve for bonds would shift to the left.
Here are the options to this question:
A) the demand curve for bonds shifts to the left.
B) the supply curve of bonds shifts to the right.
C) the equilibrium interest rate falls.
D) the equilibrium price of bonds rises.
To learn more about economic expansion, please check: brainly.com/question/831569
#SPJ12
They are estimating the Nominal GDP. The Nominal GDP measures the quarterly economic output that occurred in the year. This would analyze production, employment, all the elements in the financial circulation. This is different from the real GDP because here it would include the inflation of prices that occurred. Nominal GDP only reflects on the economical changed within the current year regardless of inflation.
Answer:
I should pay off my smallest balance first. Then continue paying my smallest balances until I have paid all of my debt.
Explanation:
This is one of the lesson from the activity. That, loans and debts are important part of life of someone but the most important thing, is to remember to clear off those loans and debts. this could be done through the gradual payment till all the debts are cleared.
Deadweight loss is a type of economic inefficiency when a good or service is not at its economic equilibrium (where supply equals demand). This loss may be experienced because of a tax or subsidy, or because of market power, such as a monopoly. Economists refer to deadweight loss when they want to show the negative effects of certain policy decisions that are less than optimal.
