Answer:
Buying in bulk stops being a wise spending choice when the consumer buys more than is needed
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Yes, an economy would benefit if it gives more resources to agriculture.
<h3>What is Agriculture?</h3>
This refers to the planting of crops, rearing livestock, and other agricultural practices for personal consumption or sale.
Hence, we can see that agriculture is important to every economy because food is needed to both feed the country and also for export purposes and this would benefit the economy because it would reduce the importation of food that can be home-grown.
Read more about agriculture here:
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Answer: a. $73,810.88
b. $10,185.18
Explanation:
a. The payments of $11,000 are constant so this can be considered an Annuity.
The cost of the Computer is it's present value which is,
Present Value of Annuity = Annuity Payment * Present Value Interest Factor of Annuity, 11%, 10 periods
= 11,000 * 6.71008 (Payment is made at the end of the year so this is an Ordinary Annuity)
= $73,810.88
b. When an Annuity is instead paid at the beginning of the period it is considered to be an Annuity due.
The formula is the same but for the figures ,
Present Value of Annuity Due = Annuity * Present Value Interest Factor of an Annuity Due, 11% , 10 periods
73,810.88 = Annuity * 7.24689
Annuity = 73,810.88/7.24689
= $10,185.18
