Penny paid off a loan with a simple interest rate of 11.2% in 6 months. What was the APR?

An economist studying the market for wild Alaskan salmon determines the price elasticity of supply to be 0.43. a. In this case,

Marina86 [1]

Answer:

A. Inelastic

B. a less than 10% increase in quantity supplied

Explanation:

A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.

A supply is inelastic if the price elascitiy is less than 1.

4 0

2 years ago

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Alice's three children are driving her crazy. they are constantly squabbling, calling one another names, and generally tormentin

zhuklara [117]

The answer for this question is mutual interdependence (role differentiation) and a common goal. Mutual interdependence works for distinct goals of every participant. In other words, common goals for the entire group (entire group works for goals that are acknowledged by all members, not all members functioning for different, personal goals, but doing it together.)

7 0

2 years ago

The maintenance expenses on a rental house you own average $200 a month. The house cost $219,000 when you purchased it four year

Serhud [2]

Answer:

value we place on this house when analyzing the option of using it as a professional office is $225000

Explanation:

Given data

house cost 4 year ago = $219,000

house valued = $239,000

real estate fees = $14000

property taxes = $4,000

to find out

What value should you place on this house

solution

we know if we sell house we should pay real estate fee

so we get need money to place is present cost - real estate fees

so cost will be

cost = house valued - real estate fees

cost = 239000 - 14000

cost = 225,000

so value we place on this house when analyzing the option of using it as a professional office is $225000

0 0

2 years ago

Scott Peter’s bank granted him a single-payment loan of $3,250 to pay a repair bill. He agreed to repay the loan in 31 days at a

I am Lyosha [343]

After interest he will pay a total of 3631.88 back to the bank
hope this helps<span />

3 0

2 years ago

Two mutually exclusive projects have 3-year lives and a required rate of return of 10.5 percent. Project A costs $75,000 and has

Norma-Jean [14]

Answer:

Both projects should be rejected

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

For project A,

Cash flow in year zero = $75,000

Cash flow in year one = $18,500

Cash flow in year two = $42,900

Cash flow in year three = $28,600

IRR = 9.12%

For project B,

Cash flow in year zero = $-72,000

Cash flow in year one = $22,000

Cash flow in year two = $38,000

Cash flow in year three = $26,500

IRR = 9.48%

The decision rule on if to invest or not is if IRR > r

For both investments IRR is less than rate of return

9.12% < 10.50%

9.48% < 10.50%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button, and the compute button.

I hope my answer helps you

8 0

2 years ago