Answer:
Monthly deposit= $2,625.16
Explanation:
Giving the following information:
Total cost= 2,676*3= $8,028
Monthly interest rate0 0.023/12= 0.00192
<u>First, we need to calculate the nominal value required at the end of the third month:</u>
PV= FV / (1 + i)^n
FV= 8,028
i= 0.00192
n= 9 months
PV= 8,028 / (1.00192^9)
PV= $7,890.6
<u>Now, the monthly investment to reach $7,890.6:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (7,890.6*0.00192) / [(1.00192^3) - 1]
A= $2,625.16
Answer:
d. those that may be stored and repaired
Explanation:
Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out
For example: mobile phone, table, chair, toys, etc
Therefore as per the given situation, the option d is correct
And, the remaining options are to be considered
Answer:
D) productivity in Poland is higher than in Romania.
Explanation:
Income and wages are directly related to productivity and economic growth. Productivity refers to the total output produced by each unit of labor, an almost all variations in the standard of living of a country and most variations in economic growth are associated with it.
The logic is that a worker that is able to generate a higher level of output should earn a higher income. E.g. if you are a salesperson that sells $200,000 worth of merchandise per month should earn more money that another salesperson that only sells $50,000 per month. Generally, the more money you earn, the higher your standard of living.
