Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very good credit score, so his loan has an APR of 7.75%, compounded monthly. Nick’s credit score is rather low, so his loan has an APR of 13.10% interest, compounded monthly. If both of them repay their loans over a four year period, making equal monthly payments based on their own loan, how much more will Nick have paid than Miles? (Round all dollar values to the nearest cent.) a.$619.68 b.$267.50 c.$1,609.57 d.$1,070.00

Answers

Answer 1

Answer: The answer to the question above as to how much more will nick have to pay than miles if nick's loan has an APR of 13.10% and mile's loan has an APR of 7.75 the answer is letter B, $267.50. in calculation the total payment of nick for four years is $5655 that's with the added 13.10% compounded monthly and mile's is $5387.5 with 7.75% compounded monthly.

Answer 2

Answer:

Answer:

Explanation:

if you don't want to read all of that

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What is one of the best ways to determine what kind of business you'll enjoy? A. Buy an established business. B. Create one related to what you do in your free time. C. Get advice from a professional. D. Make small investments in several diverse ideas.

Answers

The answer would be (B. To create one related to what you do in your free time) To be interested/motivated in what you are doing, it has to grab your attention, you have to appreciate the topic, best way to make a business you'll enjoy is to create one based around one of you favorite pass times, hobbies, passions, etc...

Answer:

. Create one related to what you do in your free time

Explanation:

1 , what are the agent of socialization

Answers

Answer:

Agents of socialization, or institutions that can impress social norms upon an individual, include the family, religion, peer groups, economic systems, legal systems, penal systems, language, and the media.

Explanation:

The Harvest County School Board is concerned about deteriorating school facilities, combined with a shrinking budget. The board began by studying the issue, and then identified parents, children, teachers, staff, and taxpayers as groups who have a vested interest in the problem. The school board has listened to each group's concerns. In the Ethical Decision-Making Framework, its next action should be to a. identify issues of concern to lawmakers.
b. assess impact of its actions beyond the classroom.
c. engage in brainstorming and evaluate alternatives.
d. choose a course of action.

Answers

Answer:

The answer is: C) engage in brainstorming and evaluate alternatives.

Explanation:

The Ethical Decision-Making Framework consists of five steps:

Recognize the issue
Get the facts
Evaluate alternatives
Make a choice
Reflect on your decision.

Currently the school board has taken steps one and two, and needs to start working on step three.

Step three requires the school board to come up with different alternative actions and evaluate them. They should consider ethical standards when evaluating the possibilities.

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per capita is 1.6% per year, how many years will it take for real GDP per capita to reach $98,000? Instructions: Enter your answer as a whole number. years

Answers

Answer:

n = 43.6673555

it will take 43.67 year to achice a real GDP of 98,000

Explanation:

we solve for time of a future lump-sum:

$PV (1+r)^n = FV\n(1+r)^n = FV / PV\n$

we use logarithmics properties:

$(1+r)^n = FV/PV\nlog_(1+r)FV/PV = n\nn = (log FV/PV)/(log(1+r))$

PV 49,000

FV 98,000

rate 1.6%

$n = (log 98,000/49,000)/(log(1+0.016))$

n = 43.6673555

Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a new house as _____.net exports
consumption
investment

Answers

Suppose you were hired to calculate the Gross Domestic Product (GDP) by using the expenditure approach. You would count buying a new house as investment.
Investment is one of the items to consider to determine GDP by expenditure approach which includes residential construction, since residential buildings can be rented out, even if they are occupied by owners.

investment is the correct answer thanks

If the price of butter increases, then the demand for margarine will likely _____.a. increase
b. decrease

Answers

Increase

Hope this helps!

a. The demand for margarine will increase, the demand for butter will decrease.

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