The obvious consequence of high inflation is that it makes it more difficult for people to afford basic necessities like batteries and light bulbs. This causes families to struggle as they attempt to keep up with the price of everything from cornflakes to college tuition. With many negative effects resulting from high inflation, that doesn't automatically mean that low inflation is positive for an economy. Low inflation can have a number of negative effects on the economy.Signals economic weakness, limits impact of monetary policy, buffer for deflation is small, Puts pressure on the financial system are the affect of inflation.
Lowest because to show how scarce it is it will have to be low
Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
<u>Closing phase</u> of the interview, which includes verifying contact information and timeline as well as expressing thanks for the interview and your interest in the position.
In the survival of the fittest stage of the Business Life Cycle, the focus shifts to revenue, expenses and growth.
Survival of the fittest is the second stage of the Business Life Cycle. After the first stage of existence, companies establish themselves in the market as a viable business model, where the focus changes to conquer a consumer base and therefore achieve a balance between expenses and income, so that the business achieves profitability.
At this stage, therefore, cash flow is a big problem, as companies are still adapting to the market and customer expectations. The search for a balance between income and expenses can then harm the cash flow for the maintenance of the business, being essential to reduce costs and waste for the growth and success of the business.
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