The statement " "Funding in full" proposed by Alexander Hamilton is seen as a bad idea because it primarily benefited the mercantile, financial elite, and speculators." is true.
The proposal of "Funding in full" by Alexander Hamilton, which aimed to assume state debts and establish credit for the United States, can be seen as a bad idea because it primarily benefited the mercantile, financial elite, and speculators.
Firstly, by assuming state debts, the federal government would take on the financial burden of repaying these debts, which were often held by wealthy individuals and speculators. This would effectively transfer the liabilities from the states to the federal government, relieving the creditors of their obligations and ensuring they would be paid in full. This arrangement greatly benefited the financial elite who held these debts, as they were guaranteed full repayment, allowing them to profit from their investments.
Furthermore, the assumption of state debts provided an opportunity for speculation. Speculators could purchase these depreciated securities from the original debt holders at a discounted price and then sell them to the federal government at full face value, making substantial profits in the process. This speculative activity allowed wealthy individuals to accumulate more wealth at the expense of the government and taxpayers.
The mercantile class, consisting of merchants and traders, also stood to benefit from "Funding in full." As the federal government assumed the state debts, it would establish credit and create a stable economic environment. This would provide favorable conditions for the mercantile class, enabling them to conduct business and expand their enterprises more easily.
In summary, the proposal of "Funding in full" by Alexander Hamilton can be seen as a bad idea because it disproportionately benefited the mercantile, financial elite, and speculators, allowing them to profit at the expense of the government and ordinary taxpayers.
To learn more about mercantile refer here:
https://brainly.com/question/909450
#SPJ11
At Dot Com, a large retailer of popular books, demand is constant at 18,700 books per year. The cost of placing an order to replenish stock is $15, and the annual cost of holding is $6.00 per book. Stock is received 15 working days after an order has been placed. No backordering is allowed. Assume 350 working days a year aDotCom's optimal order quantity is books (Enter your response rounded to the nearest whole number)
Inventory management models are used to determine the optimum order quantity and reorder point for a given inventory item or group of items.
Dot Com, a large retailer of popular books, has a consistent demand of 18,700 books per year. The cost of placing an order to replenish stock is $15, and the annual cost of holding is $6.00 per book. Stock is received 15 working days after an order has been placed. No backordering is allowed. Assume 350 working days a year.Dot Com's optimal order quantity is given by the formula:
EOQ = sqrt ((2DS)/H)where D = Annual demand S = Order costH = Annual carrying cost per unit
Therefore,EOQ = sqrt ((2DS)/H)= sqrt ((2 x 18,700 x $15)/$6)≈ 697.96 books ≈ 698 booksThe optimal order quantity is approximately 698 books, rounded to the nearest whole number.
To know more about Inventory management visit:
https://brainly.com/question/13439318
#SPJ11
Is a general decline in prices throughout an economy
hey yalll how yall day goin
Hey y'all! How is your day going? This is a friendly greeting used to ask someone how their day is going. Y'all is short for "you all" and is used to address multiple people.
What is address?Address is a geographical location that is associated with a particular building, residence, or other place of interest. It is typically composed of a street number, street name, city, state, and postal code. An address can also include additional details such as a unit or apartment number, floor level, or suite number. Addresses are used to identify and locate individuals, businesses, and other entities.
To learn more about address
https://brainly.com/question/1296408
#SPJ1
Scott and Mary have accepted a three-year international relocation for work. Both are still paid in U.S. dollars, and their paychecks are automatically deposited to a U.S. Bank. When they need cash, they use local ATMs that allow them to withdraw funds from their U.S. bank, but the ATM gives them the equivalent in local currency. Which type of system does the U.S. Bank use to transfer money almost instantly, and in the currency needed by the user?
Answer:
The answer is "Electronic Funds Transfer".
Explanation:
It is a financial exchange electronically, which is also known as direct deposit salary services with ATM, which Cash subsidies among buyer marketing authorization, which implies digitally moving funds from one bank to the next. It's accomplices through the exchange of paper currency or certificates. The bank account is among the most popular applications of EFT.
alex measured the length of an item to be 3.9 cm. the actual length is 3.5 cm what is alex percent error ?
Answer:
11.42 %
Explanation:
The formula for calculating percentage error
percentage error = observed value - actual value x 100
actual value
Percentage error = 3.9- 3.5 x 100
3.5
Percentage error = 0.4 x 100
3.5
Percentage error =0.1142 x 100
Percentage error = 11.42 %
How is the value of a product determined? A. By the amount a consumer is willing to pay for it B. By how much it cost the producer to make C. By its variable costs D. By the number of workers who were involved in making it Please select the best answer from the choices provided A B C D
Answer:
A i took the test
Explanation:
The value of the product is determined through the calculation of the cost incurred at the time of production of the product. Thus, option (B) is correct.
What is Product?Product refers to the item or the goods that is manufacturer by the producer and sold to the customer for satisfying their needs and earning profits out of it. A commodity can be either a function or a physical thing. It might be real, virtual, or cyber.
It encompasses anything that may be given to a market to meet a customer's want or need.
Every product has a cost, and every product has a price. The price that may be paid is influenced by the market, the quality, the marketing, and the targeted group. The price of the product is kept as per the cost incurred after the production.
The cost is added to the profit margin of the manufacturer and sold to the retailer or customer. Therefore, it can be concluded that option (B) is correct.
Learn more about product here:
https://brainly.com/question/22852400
#SPJ2
3. use porter’s diamond model of national advantage to explain why an emerging market such as indonesia would be expected to experience great difficulty in achieving global competitiveness in a new industry sector such as smartphones or hybrid electric–gasoline automobile engines.
According to Porter's Diamond model, a country needs to have four different types of factors in order to succeed abroad.
Demand and conditions are one of those elements; Indonesia needs more customers who want higher-quality items as well as more modern factors like telecommunications and transportation networks.
A model developed to describe how governments might function as catalysts to boost a country's position in a highly competitive international economic environment is the Porter Diamond, which is more accurately known as the Porter Diamond Theory of National Advantage. It aims to make it easier to comprehend how particular factors that nations or groups have at their disposal provide them a competitive edge.
To know more about Porter's Diamond model
https://brainly.com/question/17212975
#SPJ4
You are the manager of a firm that sells its product in a competitive market at a price of $30. Your firm's cost function is C=15+5Q
2
. Your firm's maximum profits are 60 30 45 90 Question 8 Consider a monopoly where the inverse demand for its product is given by P=50−2Q. Total costs for this monopolist are estimated to be C(Q)=100+2Q+Q
2
. At the profit-maximizing combination of output and price, deadweight loss is $128 $64 $32 $150
The profit-maximizing combination of output and price for the monopoly is Q = 6.25 and P = $62.5, At the profit-maximizing combination of output and price for the monopoly, the deadweight loss is $71.875.
In a competitive market, the price of your firm's product is $30 and the cost function is given by C=15+5Q².
To find the maximum profits, we need to determine the quantity that maximizes the difference between the revenue and the cost.
The revenue function in a competitive market is given by R=P*Q,
where P is the price and Q is the quantity. In this case, the price is $30.
So, the revenue function becomes R=30*Q.
To find the maximum profits, we subtract the cost function from the revenue function and set the derivative equal to zero:
Profit function (Π) = R - C = 30Q - (15+5Q²)
Taking the derivative of the profit function with respect to Q and setting it equal to zero, we can find the quantity that maximizes the profit:
dΠ/dQ = 30 - 10Q = 0
10Q = 30
Q = 3
So, the profit-maximizing quantity is Q = 3.
To find the maximum profits, substitute the value of Q back into the profit function:
Π = 30Q - (15+5Q²)
Π = 30*3 - (15+5(3²))
Π = 90 - (15+45)
Π = 90 - 60
Π = 30
Therefore, the firm's maximum profits in a competitive market are $30.
Now, let's consider a monopoly where the inverse demand for its product is given by P=50−2Q.
The total cost function for this monopolist is C(Q)=100+2Q+Q².
To find the profit-maximizing combination of output and price, we need to determine the quantity that maximizes the monopolist's profit function, which is the difference between the revenue and the cost:
Profit function (Π) = R - C
Profit function (Π) = (50-2Q)Q - (100+2Q+Q²)
To find the quantity that maximizes the profit, we take the derivative of the profit function with respect to Q and set it equal to zero:
dΠ/dQ = 50 - 4Q - 100 - 2Q - 2Q = 0
-8Q - 50 = 0
-8Q = 50
Q = -50/8
Q = -6.25 (ignoring negative value)
Since the quantity cannot be negative, we ignore the negative value of Q.
To find the price corresponding to this quantity, substitute the value of Q into the inverse demand function:
P = 50 - 2(-6.25)
P = 50 + 12.5
P = 62.5
Now, let's calculate the deadweight loss at the profit-maximizing combination of output and price. Deadweight loss represents the loss in economic efficiency due to market inefficiencies.
Deadweight loss is calculated by finding the area of the triangle formed by the demand curve, the marginal cost curve, and the quantity produced. In this case, the demand curve is P=50−2Q and the total cost curve is
C(Q)=100+2Q+Q².
To find the deadweight loss, we first need to find the quantity produced at the profit-maximizing combination of output and price. We already found that Q = 6.25.
Substitute the value of Q into the demand curve to find the corresponding price:
P = 50 - 2(6.25)
P = 50 - 12.5
P = 37.5
Now, we need to find the marginal cost at this quantity.
Take the derivative of the total cost function with respect to Q:
MC = dC/dQ = 2 + 2Q
Substitute the value of Q into the marginal cost function:
MC = 2 + 2(6.25)
MC = 2 + 12.5
MC = 14.5
Now, we can calculate the deadweight loss using the formula:
Deadweight loss = 0.5 * (P - MC) * Q
Deadweight loss = 0.5 * (37.5 - 14.5) * 6.25
Deadweight loss = 0.5 * 23 * 6.25
Deadweight loss = 71.875
to know more about marginal cost visit:
https://brainly.com/question/33539358
#SPJ11
What are the 4 main types of orders in stock market?
The 4 main types of trade order in stock market are:
Market orderLimit orderStop orderStop limit orderStock Market or Trade Order refers to the instrcution given by an investor to his broker to buy or sell the investor's share or security on his behalf through a trading platform.
Market order refers to an order to buy or sell shares immediately without any guaranteee on the execution price. Market order will be executed at or near the current bid or ask price. A broker will buy or sell an investor's shares at the current market price and does not control the amount paid for the share purchased or sale.
Limit order refers to an order to buy or sales of stock at a specific set of price or better. Limit order allows an investor to buy or sell shares at his desired price and avoid purchasing or selling price at his undesired price. Limit order will only be executed if the market price in line with the limit oder price. Limit order might come in a form of buy limit or sell limit orders.
Stop order would be executed if the price market reaches the specific desired price, or stop price. Stop order will trigger market order once the market price reaches the stop price. Stop market is used to avoid larger losses or to lock in profits.
Stop-limit order refers to a conditional order that requires placing two prices - the stop price and the limit price. Stop-limit order will trigger limit order when the stock hits the stop price. Stop-limit order will guarantee a price limit and guarantees an order execution but not necessarily at the stop order price.
Learn more about Stock Market or Trade Orders here: https://brainly.com/question/22518464
#SPJ4
Ruby, a seventeen-year-old, purchases a car from Smitz Used Auto Sales and agrees to pay for it over a period of twenty-four months. Ruby makes the payments for four months but then decides the car payment is too much for her limited budget. Ruby tells Smitz that she wants to stop making payments and that she wants out of the contract completely. The contract between Ruby and Smitz can be canceled by:
Answer:
Ruby
Explanation:
Because she is a minor, but Ruby must return the car.
The contract between Ruby and Smitz can be canceled by Ruby. Because she is a minor, but Ruby must return the car on cancellation of the contract.
What is a contract?A contract is an agreement that specifies certain legally binding rights and responsibilities for two or more mutually agreeing parties. A contract usually includes the exchange of goods, services, or money, or the promise to exchange any of these at a later date.
If a contract is breached, the injured party may pursue judicial remedies such as damages or rescission. A treaty is a legally binding arrangement between parties in international law. When a party to a contract fails to fulfil its obligation(s), whether partly or entirely, as specified in the contract, or conveys an intent to fail the obligation, or otherwise appears unable to perform its obligation under the contract, this is referred to as a breach.
Therefore, in this case as Ruby is a minor she must return the car when the contract between Ruby and Smitz will be canceled.
To learn more on contract, click here:
https://brainly.com/question/2669219
#SPJ2
Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
Find out more on sequence of events at https://brainly.com/question/24613604
#SPJ1
What steps will add slicers to a PivotTable? Use the drop-down menu to complete the steps.
Select the Pivot Table.
Click the Pivot Table Tools
tab.
Design, Format, Review, Options
In the group,
Filter, Slicer, Timeline, Data
Click
Insert Timeline, Insert Slicer, Active Field, Group
In the Insert Slicer dialog box, select the fields to create slicers for.
Click OK.
Answer:
1. options
2.Filter
3. Insert Slicer
Explanation:
I got it correct
The steps are as follows:
optionsFilterInsert SlicerPivot table
Pivot tables are a powerful Excel tool that helps us summarize large amounts of data and saves us a lot of time. Pivot tables are a reporting tool that has a fields section that contains four fields.
What does this table contains?It has four fields, that are:
Rows: Data that is taken as a specifier. Values: Count of the data. Filters: Filters to hide out certain data.Columns: Values under different conditions.Thus, the steps are as follows:
optionsFilterInsert SlicerLearn more on pivot table here - brainly.com/question/2222360
#SPJ2
7.
Why must private ownership of property be guaranteed before a free market economy will work?
The government will retain too much power if there is a guarantee.
Entrepreneurs need to be assured that they will benefit from a successful project.
Without such a guarantee, criminals can steal the profits from a good business.
Unemployment will be too high for the private ownership to work without the guarantee.
Answer:
I think it would be either B or C
I can't tell between those too I'm sorry
Prepare a report on environmental sanitation. Include the impacts, causes, and prevention methods
Answer and Explanation:
Environmental sanitation is carried out through a series of public investments that seek to promote environmental control in a region. The impacts of this type of sanitation must be positive, since it is through it that a community can present adequate garbage collection, treated water supply, sewage treatment, correct disposal of human waste, cleaning of public roads, basic sanitation, among others . All of this promotes human development, the well-being of the population and environmental preservation.
The causes of environmental sanitation are the need to establish social policies that promote better living conditions and that optimize the health of citizens without degrading the environment.
The concept time value of money indicates?
The concept of the time value of money indicates that the value of money changes over time due to factors such as interest, inflation, and opportunity cost.
In simple terms, it recognizes that receiving or paying a certain amount of money at different points in time has different worth or significance. This is because money has the potential to earn returns or interest when invested, and inflation erodes the purchasing power of money over time.
The time value of money is a fundamental principle in finance and investment decisions. It is used to evaluate the profitability and attractiveness of investment opportunities, determine the fair value of assets and liabilities, and assess the cost of capital. Time value of money concepts, such as present value, future value, and discounting, enable individuals and businesses to make informed decisions regarding cash flows occurring at different points in time.
By considering the time value of money, individuals and organizations can account for the potential earning power of money over time and make more informed financial decisions.
To know more about opportunity cost , click here, https://brainly.com/question/32971162
#SPJ11
Does Caroline have any closed accounts? How long does a closed account stay on a person’s credit report?
Answer:
add yxlhjtxhlxitfitgysouiyfisiyghxjlx iehjjjgjHZ
Explanation:
kydyhshlxluludlidlharuskydykstkdulkSltsluskydhkSORRY FOR THIS
Talitha wants to build a game for mobile phones that she believes teens will pay to play. What would be the best thing she could do to test her assumptions about her potential customers?
Answer:
Do a Survey and target the population she thinks is going to play the app
Explanation:
In order to test her assumptions about her potential customers she should conduct a survey which helps her in effective data collection.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
A survey is referred to as a method of observation and data collection in which some set of questions will e asked from the designed or selected set of samples and based on their responses a conclusion will be formed.
Surveys can be used to determine how representative each person's opinions and experiences are. Finding out what your consumers like and dislike can help you improve your business. This will helps to find potential customers based on their responses.
Learn more about Survey, here:
https://brainly.com/question/29365625
#SPJ2
how long does it take to be an immigration lawyer and what’s the average salary?
A rightward shift in the aggregate demand curve will cause employment and the price level to change in which of the following ways in the short run?
Employment Price Level
A. Increase Increase
B. Increase Decrease
C. Increase No change
D. Decrease Increase
E. No change No change
Option B. Increase, Decrease. A rightward shift in the aggregate demand curve will cause employment to increase and the price level to decrease in the short run.
The Impact of a Rightward Shift in the Aggregate Demand Curve on Employment and the Price LevelA rightward shift in the aggregate demand curve will cause employment to increase and the price level to decrease in the short run. This is because when aggregate demand increases, firms will demand more labor in order to produce more goods and services. This increased demand for labor will lead to higher wages and more employment. However, the higher wages will also lead to higher prices for goods and services, which will decrease aggregate demand.
Learn more about the Price: https://brainly.com/question/26075805
#SPJ4
All of the following are examples of the food and beverage industry
except
-school cafeteria
-McDonald's inside a Walmart
-restaurant inside a shopping mall
-travel agency
Answer:
-travel agency
Explanation:
The food and beverage industry is made up of establishments whose core business is preparing meals, snacks, and beverages as per customers' orders for immediate consumption in or off the premises. A school cafeteria, McDonald's inside a Walmart, and restaurant inside a shopping mall will fit into the food and beverage industry's definition.
A travel agency is best placed in the tours and travels industry.
If a person wants to work from home in the Business, Management and Administrative careers, what is required?
O a cubicle to keep the person on task
0 a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answer:
proper technology to keep the person connected
Explanation:
Working from home entails accessing the office remotely. The employee gets connected to the company's private network while at home. A good internet connection is required for the employee to be connected to the office systems while at home.
Apart from connectivity, they may need a virtual private network application to access the company's private network. The employee's home computer will need configuration to access office applications. Proper technology is, therefore, required to keep an employee connected.
Answer:
C) proper technology to keep the person connected
Explanation:
no-growth industries pays out all of its earnings as dividends. it will pay its next $4 per share dividend in a year. the discount rate is 12%. a. what is the price-earnings ratio of the company? (do not round intermediate calculations. round your answer to 2 decimal places.) b. what would the p/e ratio be if the discount rate were 10%? (round your answer to 2 decimal places.)
a. The price-earnings ratio of the company is a. 33.33 and b. 40 if the discount rate were 10%.
a. To calculate the price-earnings ratio (P/E ratio) of the company, we need to divide the price per share by the earnings per share. Since the company pays out all of its earnings as dividends, the earnings per share are equal to the dividend per share. The price per share can be calculated using the present value of the expected future dividends.
Using the formula for the present value of a perpetuity, we can calculate the price per share as follows
Price per share = Dividend per share / Discount rate
Price per share = $4 / 0.12 = $33.33
Therefore, the P/E ratio of the company is:
P/E ratio = Price per share / Earnings per share = $33.33 / $4 = 8.33
b. If the discount rate were 10%, the price per share would increase, since the present value of the expected future dividends would be higher. Using the same formula as above, we can calculate the new price per share as follows:
Price per share = Dividend per share / Discount rate = $4 / 0.10 = $40
Therefore, the P/E ratio of the company with a 10% discount rate would be:
P/E ratio = Price per share / Earnings per share = $40 / $4 = 10.00
Rounding to 2 decimal places, the P/E ratio with a 10% discount rate is 10.00.
Learn more about price-earnings ratio at
brainly.com/question/31468094
#SPJ4
What are scarce resources
Answer:
Scarce resources are resources that are in limited availability.
Explanation:
Hope this helped:)
Answer:
Limited Goods or goods that are running out
Explanation:
Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.
Question 3 of 20
Which statement describes why you should start retirement planning early?
A. Your income will increase, while your expenses will decrease.
O B. Your income will decrease, while your expenses will increase.
O C. Your income will decrease, while your expenses will stay the
same.
O D. Your income will increase, while your expenses will stay the same.
SUBMIT.
Answer:
B) Your income will decrease, while your expenses will increase
Explanation:
You should start retirement planning early, because as you grow up you may become less skilled or not be able to perform heavy work. As you get older expenses will increase for various reasons, inflation, which will make goods more expensive, forcing you to spend more and also medical bills, treatments, therapies, check-ups or preventive studies, can make you spend more in an older age.
True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
Economics: Grade 12 NW Project QP: 2022 QUESTION 1 1.1 Outline any FOUR non-price competition strategies that food outlets like Nandos, KFC, Chicken Licken and other businesses specialising in chicken, employ use to ensure their operational success in the monopolistic competitive firm.
In monopolistic competition, businesses like Nandos, KFC, and Chicken Licken use non-price competition strategies to ensure their operational success.
Some of these strategies are:
Product Differentiation: These food outlets differentiate their products from their competitors through their recipes, flavors, sauces, and cooking techniques. Nandos, for example, uses its signature peri-peri sauce, which is unique and exclusive to its brand.Advertising and Marketing: These food outlets invest heavily in advertising and marketing to create brand awareness and promote their products. They use various media channels such as television, radio, social media, and billboards to reach their target audience.Customer Service: These food outlets focus on providing excellent customer service to create a loyal customer base. They ensure that their staff is well-trained, courteous, and efficient in serving their customers.Location and Ambiance: These food outlets choose prime locations that are easily accessible to their target audience. They also create a unique ambiance and atmosphere that is appealing to their customers.By using these non-price competition strategies, food outlets like Nandos, KFC, and Chicken Licken can differentiate themselves from their competitors, attract new customers, and retain their existing ones. This, in turn, ensures their operational success in the monopolistic competitive firm.
Learn more about monopolistic competition:
brainly.com/question/29617378
#SPJ11
What is the term that describes what a business has to pay to correct defective products?
Answer:
Cost of quality
Explanation:
Apevx
Answer:
cost of quality
Explanation:
Excited to buy her dream car, Molly rushes into her local Volkswagen dealership. Molly picks out a
car, sits down at the financing desk, and hears the following:
"Well, we ran your credit history. You've got a really thin file -- just a year's worth of student
loan payments. The deal you saw was for 'well qualified buyers. The best deal we can offer
you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on
credit history, so you don't qualify for $500. That said, you're excited about a Volkswagen,
and I want to see you driving one, so I can do $400 for you!"
9. Molly still has a $2500 down payment. How much loan does Molly need?
10. How much will Molly's monthly payment be using the Bankrate calculator?
11. How much total interest will molly pay using this plan?
12. How many is the total cost of her car after all together?
9. The amount of loan that Molly needs with a $2,500 down payment is $22,100.
10. Molly's monthly payment is $433.
11. The total interest Molly will pay under this plan is $3,907.
12. The total cost of Molly's car is $28,507.
Loan Amount:Required cash allowance = $500
Qualified cash allowance = $400
Down payment = $2,500 (typically 10% of value)
Total price of car = $25,000 ($2,500/10%)
Loan required = $22,100 ($25,000 - $2,500 - $400)
Interest and Periodic Payment:N (# of periods) = 60 months
I/Y (Interest per year) = 6.6%
PV (Present Value) = $22,100
FV (Future Value) = $0
Results:
PMT = $433.45
Sum of all periodic payments = $26,007
Total Interest = $3,907
Total Cost of the car to Molly:Down payment = $2,500
Total periodic payments = $26,007
Total cost = $28,507 ($26,007 + $2,500)
Learn more about periodic payments at brainly.com/answer expert verified
#SPJ1
If a driver with an insurance policy drives infrequently, it can
raise costs.
lower costs.
create risk
share risk.
Answer: lower cost
Explanation:
An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.
In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.
Therefore, the correct option is B.
Answer: Lower cost.
Explanation: This is the correct answer on Edge 2020 ( I just took the quiz and got it right ^-^).