The models that economists construct usually make simplifying assumptions.
What is economists?
A specialist in economics examines the connection between such a society's resources and its output or production. Economists research a variety of social systems, including local communities, entire countries, as well as the global economy. A wide range of policies, such as interest rates, tax codes, employment programmes, international trade agreements, as well as corporate strategies, are shaped in part by the expert judgement and research findings of economists. An economist's responsibilities are incredibly diverse. analyse data utilising mathematical models, statistical methods, and software; present research findings in reports, tables, and charts; conduct surveys and collect data. interpret and predict market trends, provide economic advice to businesses, governments, and individuals, and suggest fixes for economic issues; write content for scholarly publications and other media.
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What are situations in which a resource is considered valuable?
The asset assists the business in generating more economic value (V-C). A resource is deemed useful in cases where it aids a company in maximizing an outside opportunity.
Economic value is the value a person assigns to an economic good based on the advantages it provides for them. It is frequently calculated based on the buyer's willingness to pay, which is typically expressed in monetary terms. The market value, which is the price asset consumers are willing to pay for a good or service and which may be more or lower than the economic value that a given person assigns to a good, should not be confused with the economic value.
The economic value of an apple does not stem from any objective property of the fruit; rather, it is totally determined by the individual's subjective intent and their relationship to the fruit. The individual's expectation of how well an asset of a particular quality will suit their use is the only source of economic worth for the apple, even though the attributes of the apple may influence the use that the person has for the fruit.
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The _____________ shows process structures based on output volume and product variety.
A group of business models known as product variety aim to gain a competitive edge by providing more diversity than their rivals. The following are typical examples of product variety-based business models.
Research in economics, psychology, and marketing has generally believed that other things being equal (e.g., costs, shelf space), providing more options is preferable. Product diversity increases consumers' likelihood of finding a good match with their preferences.
The Product Process Matrix displays process structures depending on output volume and product diversity in response to this inquiry. This takes production volume and variety to account.
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Dax is evaluating the options between starting a business by himself or with a friend. In most situations, Dax prefers to be in charge; however, his friend has some expertise that would likely be helpful in running the business. Dax is carefully considering the pros and cons associated with the different types of business ownership. As he evaluates his options, what key question should he answer to help him determine if starting a business with his friend meets his needs?
(1 point) Responses
A.) How much control of the business do you want?
B.) What do you want to name the business?
C.) How will you determine where to market your product?
D. ) What do you want to pay to set up the business?
Answer:
A.) How much control of the business do you want?
Explanation:
like in the show shark tank
morton lends money as a business loan to luisa, who is capitalizing her start-up sole proprietorship named luisa's things. if morton must sue for repayment, he would sue?
Since Morton lends money as a business loan to Luisa, If Morton must sue for repayment, he would sue: Luisa.
What is contract law?Contract law can be defined as a set of law that governs oral and written agreements between two or more parties with respect to the buying and selling of goods, services, debt, loans, property, etc.
What is a loan?A loan simply refers to an amount of money that is typically being borrowed by a borrower from a bank or other financial institutions (lender), and it is generally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.
Under contract law, Morton should sue Luisa who is the owner of Luisa's things for repayment of the money that was loaned to her.
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Complete Question:
Morton lends money as a business loan to Luisa, who is capitalizing her start-up sole proprietorship named Luisa's Things. If Morton must sue for repayment, he would sue?
A. no one, since the loan makes him a partner.
B. Luisa's Things.
C. Luisa and Luisa's Things.
D. Luisa.
Which word represents the total cost of the item you’re purchasing on credit minus any down payment you make upfront?.
The credit cost van be defined as the cost of the item that a person would have to be purchasing on credit minus the down payment that they would make upfront on that good.
What is credit cost?This is teh term that would simply be used to refer to the cost of getting a loan. That is, it is the cost that the person that has received the loan definitely has to pay.
This has to do with the fees that the person is going to have to pay for the loan and also the interest rate that they would have to pay to be able to use the loan.
The institutions would have to charge you the fees that they would use to review the loan that you are to take and also to finance the loan.
Hence we would say that the credit cost is the word that os sued to tell us of the item that is to be gotten on credit subtracted by the payment that they would make.
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Answer: Principal.
Explanation: The principal is the total amount you are agreeing to pay back when you take out a loan, including interest rate throughout the time period given. This means it would be the total cost minus the down payment you paid upfront.
Imagine your class has been asked to organize a career fair for your school. Now that you know about all the career clusters, you want to be sure to include each one in the career fair,
Working in small groups, imagine your class has been asked to organize a career fair for your school. Now that you know
Brainstorm how you would begin to organize this career fair. What would you need to do? What information would you
need to have? What permissions would you need to secure? Where will this be held?
Describe your plan below in detail.
Answer: Organizing a career fair requires knowledge of a variety of career clusters. Here are certain ideas you can use while organizing a career fair:-
After dividing the class into smaller groups assign each group a particular career path on which they can prepare a presentation.Prepare an itinerary for the presentations and assign each group a particular time slot.These itineraries can be distributed as pamphlets to the target audience.Each group can make an effort to invite certain professionals or experts from the field for the occasion.Permission from the School Council and higher authorities might be required for the use of school grounds and auditoriums.Each group must have a leader for the coordination of the activities.The leaders must work together as a team and keep each other updated about the progress of their individual groups.In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is.
The cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is cash account is credited and merchandise account is debited.
The journal entry is a form of transaction passed in the books of accounts to keep a record and then approaching and posting them in the form of entries in the financial statements of the company.
Merchandise account is account which is giving out cash and is debited and the cash is been received so it is been credited. This is double entry book keeping concept where double effect records is shown in books of account.
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A foodhandler wonders when the dry storage area needs to be cleaned. What can be done to find out, other than asking the manager?
A foodhandler wonders when the dry storage area needs to be cleaned. What can be done to find out, other than asking the manager. The right thing to do is Check the Master Cleaning Schedule.
Your company's dry storage room is where inventories of cereals, wheat, rice, dried pasta, fruit, and vegetables, as well as canned goods and packaged items that don't need temperature control, are kept. For efficient and secure dry storage in a food industry, the following procedures are crucial. We're on a mission to alter the way you view grains. Chefs, bakers, brewers, distillers, and farmers are honored at Dry Storage, an artisan mill.
Servsafe and SafeStaff are pleased partners. For the mandatory food employee training that foodhandler complies with Florida Statute 509.049 standards, DBPR has contracted with SafeStaff Online Food Handler Training, with approval number 1752486. You can buy several courses and distribute them to your employees.
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List the importance of market in 3 points. Its urgent
Answer:
The importance of marketing for your business is that it makes the customers aware of your products or services, engages them, and helps them make the buying decision. Furthermore, a marketing plan, a part of your business plan helps in creating and maintaining demand, relevance, reputation, competition,
Explanation:
Has big brain
Answer: critical in price formation, liquidity transformation and allowing firms to service the needs of their clients.
Explanation: Markets are important. They are the mechanism through which shares in companies are bought and sold, and they give businesses access to cash. Markets are critical in price formation, liquidity transformation and allowing firms to service the needs of their clients.
Which of the following describes a negative externality?
O Unintended benefits to people not involved in a choice
O Unintended costs to people not involved in a choice
Benefits experienced by the people who make a choice
O Costs experienced by the people who make a choice
Answer: B. Unintended costs to people not involved in a choice
Explanation:
Answer: I took the test it’s B
Explanation:
g drainage solutions culverts produces small culverts for water drainage under two-lane dirt roads. budgeted unit sales for the next several months are:
Drainage Solutions culverts produces small culverts for water drainage under two lane dirt roads.
Budgeted unit sales for the next several months are:
Month Sales
September 2,300
October 1,800
November 1100
December 800
There were 575 units of completed items in stock at the start of September. Plans call for having an inventory of finished items equivalent to 25% of the next month's sales during the last part of the year when road development slows. At a cost of $5 per pound, each unit of completed goods takes 600 pounds of raw materials. The goal of management is to keep raw material stocks at month's end equal to 50% of the demands for the next month. There were 500,000 pounds of raw materials available at the beginning of September.
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jt engineering issued bonds with detachable common stock warrants. at the time of issue, the warrants had a known market value, but the bonds did not. the sum of the fair value of the warrants and the face amount of the bonds exceeds the cash proceeds. how should this excess be reported?
This extra be reported as a reduction on bonds payable.
The required details for bonds in given paragraph
Bonds are issued through governments and agencies after they need to elevate money. By shopping for a bond, you are giving the provider a mortgage, and they comply with pay you returned the face fee of the mortgage on a particular date, and to pay you periodic interest bills alongside the way, generally two times a year. Unlike stocks, bonds issued through businesses provide you with no possession rights. So you do not always enjoy the business enterprise's growth, however you might not see as a great deal effect whilst the business enterprise isn't always doing as well, either—as lengthy because it nevertheless has the sources to live modern-day on its loans.
Bonds, then, provide you with 2 capability blessings while you preserve them as a part of your portfolio: They provide you with a movement of income, and that they offset a number of the volatility you may see from proudly owning stocks.
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the career readiness competencies key to developing your ability to think strategically are resilience and leadership.
a. True
b. False
False, it is a skill possessed by someone in pursuing a career.
Leadership is a strength or ability that is within a person. This leadership attitude is used when leading. One of the effects of this leadership attitude is that it can affect someone. This exerted influence is intended within a job or organization. That's because generally a person's leadership attitude is needed in leading a job or organization.
The purpose of this leadership attitude is to achieve a target or goal. Whether in the field of work or an organization, there is always a target to be achieved. The targets that have been determined can be achieved because of the attitude of leadership. Leadership is an attitude that is in a leader. A leader is someone who has been trusted. The trust is used to be a head or chairman in a company or organization.
Based on this, a leader must have the ability to guide his members. In addition, a leader must be able to influence and convince a group of people or someone. When the leader and his members are already on the same path, then what is targeted will be easier to achieve.
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goods with upward sloping demand curves are referred to as question 9 options: luxury goods. giffen goods. normal goods. substitute goods.
A Giffen good is a low-priced, non-luxury item for which demand rises in tandem with price increases.
The fundamental laws of demand, which are based on a demand curve that slopes downward, are in direct opposition to the upward-sloping demand curve of a Giffen good.
Do request bends slant upwards for extravagance merchandise?
The luxury goods demand curve slopes upward rather than downward. This is due to the fact that luxury goods are status symbols. As a result, when prices rise, so does demand for the product.
What else are Giffen goods known as?
A detailed description of what have come to be referred to as Giffen goods and what might be more appropriately referred to as Gray goods can be found in A Rise in the Price of Bread Corn, Beyond a Certain Pitch, tends to Increase Consumption.
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a paas vendor offers its clients the ability to quickly build a customer loyalty app that allows customers to earn points for every purchase. the client chooses what features they’d like the app to have from a predetermined list of choices. what is this an example of?
A PaaS vendor offers its clients the ability to quickly build a customer loyalty app that allows customers to earn points for every purchase. This is an example of a software host
This is further explained below.
What is a software host?Generally, PaaS providers provide cloud services on behalf of third parties, hosting the necessary software on either private or public cloud infrastructure.
At a high level, the advantages of the platform as a service (PaaS) to organizations are comparable to those of other cloud computing scenarios: Possible decrease in TCO costs Access to services may be obtained quickly and easily over the web.
Hosted software is software that is completely installed, hosted, and accessible from a distant server or location. This kind of software is known as cloud computing.
The software's original developer or a third-party provider stores and manages the hosted version of the application. Users may access it anywhere in the world by using the Internet.
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you have a $47,000 portfolio consisting of intel, ge, and con edison. you put $20,400 in intel, $10,800 in ge, and the rest in con edison. intel, ge, and con edison have betas of 1.3, 1, and 0.8, respectively. what is your portfolio beta?
Portfolio Beta is 1.06 which can be calculated as,
By dividing the percentage of each stock in your portfolio by its beta and combining the result, you can calculate the beta of your entire portfolio.
Portfolio beta = (20400/47000)1.3 + (10800/47000)1 + (15800/47000)0.8
Portfolio beta = 0.56 + 0.23 + 0.27
Portfolio beta = 1.06
Beta (), which is mostly employed in the capital asset pricing model (CAPM), is a measurement of a security or portfolio's volatility—or systematic risk—in comparison to the market as a whole.
The amount of risk that a stock will add to a (supposedly) diversified portfolio can only be roughly predicted using beta data about a specific stock. The stock must be tied to the benchmark used in the calculation for the beta to have any significance
The beta for the S&P 500 is one.
The S&P 500 tends to move with greater momentum than equities with betas above 1, while companies with betas below 1 tend to move with less momentum.
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After management at cascade geotechnical decided to adopt a teams approach to problem solving, the firm benefitted in many ways. what items was an organizational benefit?
It did away with unnecessary layers of bureaucracy. The use of teams has the organizational benefit of flattening the hierarchy in large organizations.
Fewer levels of management streamlines internal communication and allows for quick decision-making; additionally, since the layers of middle management are eliminated, power and responsibility are distributed evenly throughout the organization.
To improve coordination and communication, a flat structure elevates each employee's responsibility within the organization and eliminates unnecessary hierarchy. Employee decision-making is improved when there are fewer levels between them. The absence of middle management increases the organization's budget.
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rachel babysits for her sister for no pay. when she babysits for someone else she charges $8 an hour. when is rachel’s babysitting included in gdp?
Rachel’s babysitting will be included in GDP when she babysits for someone else, but not when she babysits for her sister.
What is GDP?
GDP which means Gross domestic product refers to the standard measure of the value added created through the production of goods and services within a certain period usually a quarter or a year, in a country. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). The national statistical agency of the country following the international standard is responsible for calculating the GDP.
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compared to marketing to consumers, organizational buying is characterized by
They are most strongly influenced by their financial requirements for dependability and quality.
According to the information in the question, it can be concluded that organizational purchasers' purchasing decisions are mostly driven by their financial requirements for dependability and quality. Customers want to buy products they can rely on to last after purchase and complete the task for which it was intended
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Adjusting entries to adjust supplies or prepaid rent have?
To adjust prepaid rent debit the expense account and credit the prepaid Expense account. The adjusting entry for the supplies expense is the difference between the supplies account's beginning balance and the actual amount of supplies still on hand.
Prepaid rent and cash are both debited in the initial journal entry for prepaid rent. These are both asset accounts that don't affect a company's balance sheet in any way. Prepaid expenses are viewed as an asset since they will benefit the organization financially in the future.
To make sure that expenses are recorded in the period in which they are incurred, adjusting entries for prepaid expenses are required. They merely make adjustments to already recorded transactions rather than recording any new business transactions.
The purpose of adjusting entries is to convert cash transactions into the accrual accounting method. Accrual accounting is based on the revenue recognition principle that seeks to recognize revenue in the period in which it was earned, rather than the period in which cash is received.
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using the eoq model, if a firm's order quantity is 500 units and its annual holding cost is greater than its annual setup cost, then what can we say about the optimal order quantity?
Firm's order quantity < 500 units Since, Holding cost > Set-up value, the order quantity desires to be reduced such that common inventory decreases and consequently keeping fee lower.
Order cost will grow when you consider that no. of orders increases. as a consequence order quantity needs to be decreased to the most reliable order quantity.
as a result most optimal order quantity of < 500
Optimal Order amount
Typically the term is one year. the whole value of a stock is the sum of the acquisition, ordering, and protecting charges. As a system: TC = computer + OC + HC, where TC is the entire price; the laptop is bought value; OC is the Ordering value, and HC is keeping fee.
Using these records, you could calculate your keeping expenses as follows: stock holding sum = stock provider value + capital value + storage area price + inventory danger. inventory conserving sum = $20,000. (inventory keeping sum / total price of inventory) x one hundred = keeping fees (%).
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What is an example of a single product with multiple market segments?
Botox is a drug marketed to some groups as a way to reduce signs of aging on the face, and to others as a treatment for migraines an example of a single product with multiple market segments.
Market segments is becoming a more crucial component of a successful marketing strategy and can be the difference between success and failure for businesses operating in highly competitive Market segments like e-commerce.
The easiest technique to set your company apart from a variety of internet rivals is through good communication. The ability to identify the precise messaging that will persuade your clients to buy is provided by market segmentation. A migraines is a headache that can be extremely painful, throbbing, or pulsating, usually on one side of the head.
Although the precise etiology of migraines is unknown, it is believed that they are the result of abnormal brain activity that momentarily affects the brain's nerve signals, neurotransmitters, and blood vessels.
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suppose a consumer has preferences between two goods that are perfect substitutes. can you change prices in such a way that the entire demand response is due to the income effect?
Yes you can change prices in such a way that the entire demand response is due to the income effect.
What is Income effect?
Usually, when we talk about perfect alternatives, we are talking about lowering the cost of the expensive good. If you were on the y axis of the performance subs graph, the price of good x, which was previously quite expensive, has now decreased. Therefore, your decision will be limited to the x axis.
The term "income effect" describes the shift in real income or purchasing power brought on by a price adjustment. Therefore, as prices drop, your real income essentially rises.
If we lower the cost of the already affordable good. The consumer's real income then rises. As a result, he purchases the cheap item.
Therefore, this shift in demand, where he now purchases more of the cheap commodity, has been brought about by an increase in real income due to a decrease in the price of the previously cheap good.
So, The answer is Yes.
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what are the two components that make up readiness for training?
A positive work environment and employee characteristics are the two components that make up readiness for training.
Training preparedness directly and significantly influences learning motivation. The desire to transfer is positively and significantly impacted by learning motivation. The connections between organizational support and learning motivation and preparedness for training were mediated by supervisor support. Situational restrictions and social support in the workplace are two primary aspects that influence readiness for training. The efficiency of training can be limited by situational restrictions, which result from the environment or circumstances present inside the business.
Developing the abilities and attitudes required for any profession is called workplace readiness training. A student can develop these abilities to assist them in understanding how to communicate with managers and coworkers.
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what is important to real estate professionals in california about the following environmental hazards: special flood hazard zone; area of potential flooding; high fire hazard area; forest fire hazard area; earthquake fault zone; and seismic hazard area?
When a property for sale is located within one of these six local or state hazardous areas, California law mandates disclosure: A Particular Flood Hazard Zone. A Potential Flooding Area (dam failure inundation) A zone with a Very High Fire Hazard Severity.
What is hazards?
A risk is something that could cause harm. When something has the potential, even theoretically, to harm someone's health, life, property, or any other valuable interest, it can be considered a hazard. The term "risk" is frequently used synonymously in everyday speech and refers to the likelihood that the potential harm will be experienced in a particular incident as well as the size of that harm. In order to categorise a risk, it must be determined whether it is natural, anthropogenic, technological, or a combination of these. For example, a natural phenomenon like wildfire may become more frequent due to anthropogenic climate change or more dangerous due to changes in building practises.
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13. an economic impact study uses data to quantitatively estimate the economic benefits of a particular event or activity on a region. a. true b. false
An economic impact study uses data to quantitatively estimate the economic benefits of a particular event or activity on a region is option A: a true statement.
What is the purpose of an economic impact study?The way in which an economy reacts to a primary change (direct effect) by the reinvestment of income from a value-added component.
Economic impact studies calculate the overall amount of money, employment, and household income added to an economy as a result of a new activity, such as the establishment of an event center or the expansion of a firm in the area.
Furthermore, An economic impact analysis calculates the economic advantages that a specific project or sector already provides or might provide for the neighborhood or region.
Hence, the Four criteria are commonly used to assess economic impact are: employment, household income, also economic output, and lastly value added.
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When companies study the possibility of moving to the Cloud, they often perceive that security is a roadblock to making things happen quickly. What should Accenture tell a client about their capabilities?
When one perceive that security is a roadblock to making things happen quickly and the thing that Accenture need to tell a client about their capabilities is option A; Accenture integrates security early in the process and implements their own patented innovations to automate processes and migrate in a much shorter period of time.
What makes cloud migration crucial?The cloud can have a huge impact on businesses that go through the cloud migration process. The total cost of ownership (TCO) will be lower, delivery will happen more quickly, and there will be more options for innovation.
Therefore, Accenture presently only provides a small number of Cloud services, but will eventually provide full end-to-end services. Accenture anticipates that its clients will create their own cloud solution roadmaps and strategies.
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See full question below
When companies study the possibility of moving to the Cloud, they often perceive that security is a roadblock to making things happen quickly. What should Accenture tell a client about their capabilities? Accenture integrates security early in the process and implements their own patented innovations to automate processes and migrate in a much shorter period of time. Accenture’s security solution is so robust that it can be deployed on top of an existing system on the Cloud with no impact. Once an incident occurs, Accenture establishes controls to block accidental or malicious activities. After monitoring the security solution, Accenture can provide a few additional personnel to develop workarounds
why is it not advisable to compose a business message that includes step-by-step instructions written in narrative form within a paragraph?
The account design for directions is more hard to follow.
Which factor is the most critical to developing persuasive business messages?
Identifying the message's purpose is the first step in crafting an effective business message. It is possible for the goal to be either general or specific. In the case of the general nature of the purpose, the primary goal is to collaborate with the audience or provide information.
A message serves three purposes: inform, persuade, or show kindness
What is the most difficult aspect of writing a routine business message?
It's hard to find enough information to write a routine message. It is difficult to pique the interest of readers because they are bombarded with routine messages. Routine messages require significant proof to report their cases.
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An effective price ceiling will cause consumers to do which of the following?
a. gain surplus from additional trades.
b. gain surplus from paying a lower price.
c. lose surplus from trades that no longer take place.
d. lose surplus from paying a lower price.
An effective price ceiling will cause consumers to gain surplus from paying a lower price. Hence, the correct option is (b).
Effective price ceiling is the price which is set below the natural equilibrium prices making the market prices of goods and services low, which will lead to excess demand.
A price ceiling is a cap placed by the government on the cost of a product or service in order to safeguard the interests of consumers by prohibiting prices from becoming excessively high. The price imposed by the price ceiling must be lower than the price of stable place for the measure to be effective.
When an effective price ceiling is implemented, excess demand as well as a lack of supply are brought about is because companies are hesitant to offer products at a lower price and customers want even more inexpensive goods. Deadweight loss is therefore produced. Consumer surplus will be net positive if the demand curve is highly elastic, but the change in producer surplus will be unfavorable.
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how would the payment differ if you paid interest only? (do not round intermediate calculations and round your final answer to 2 decimal places.)
The payment would differ by $91 per month if you paid interest only.
n=2x12=24
i= 12/12= 1
pv= 9,100
cpt pmt = 428.37
The monthly payment will be $ 428.37
9,100 x (.12/12) =
9,100 x .01 = 91
So, The payment would differ by $91 per month for only paying the interest.
Interest:
In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount (the amount borrowed). [ It is not the same as a fee that the borrower might pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
So, the answer is $91.
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