Any unregulated, competitive market with an externality will not have an efficient market outcome. External costs prevent a competitive market from allocating resources efficiently because firms consider their private costs when they make their production decisions.
The external cost is a negative externality or an external cost, which is the cost that the company or consumer has to bear and does not include in the cost of production. Thus, the market will never be efficient, since no one is accountable for the additional cost of such production.
The competitive market does not take into account the external costs of production, such as social costs, environmental damage, and other public health problems. A market that operates on its own, without government intervention, is referred to as an unregulated market. The notion of a free market is a contentious one, and it is argued that an unregulated market may become dysfunctional due to competition, asymmetric information, and externalities.
Externalities: The term externality refers to the side effects of a company's activities that affect others. Externalities, both good and negative, can have an impact on the economy, the atmosphere, and society. Negative externalities are the side effects of an activity that cause harm to third parties, while positive externalities are the side effects of an activity that benefit third parties.
Learn more about unregulated market here: https://brainly.com/question/28526717
#SPJ11
cross-cultural research on the "big five" personality traits has led researchers to conclude that
Cross-cultural research on the "big five" personality traits (Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism) has led researchers to conclude that these traits are universal across different cultures.
However, there are some cultural differences in the degree to which certain traits are valued or displayed.For example, some research has suggested that in collectivistic cultures, such as in many Asian countries, Agreeableness may be more highly valued than in individualistic cultures, such as in Western countries, where Conscientiousness and Extraversion may be more highly valued. Additionally, some research has suggested that the expression of certain traits may differ across cultures, such as the display of emotion, which may be more acceptable in some cultures than in others.Overall, while there may be some cultural differences in the emphasis or expression of the big five traits, research suggests that they are a universal framework for understanding personality differences across different cultures.
Learn more about cultures here
https://brainly.com/question/514395
#SPJ11
Time Left:0:39:31
Question 3 (1 point)
Listen
Ayden Marie Lochner: Attempt 1
Amgen, the largest biotechnology company in the world, donates millions of dollars
annually to raise the value of science literacy in the community and attract bright
young minds into the field of science. Since Amgen, as an employer would benefit
from this philanthropy, it would be characterized as strategic giving.
True
False
Question 4 (1 point)
4) Listen
Amgen, the largest biotechnology company in the world, donates millions of dollars annually to raise the value of science literacy in the community and attract bright young minds into the field of science. Since Amgen, as an employer would benefit from this philanthropy, it would be characterized as strategic giving. This statement is True.
Biotechnology is the application of biology to problem-solving and product-making processes. The most popular method is genetic engineering, which enables researchers to change an organism's DNA as they see fit.
In order to apply organisms, cells, their components, and molecular counterparts to create goods and services, biotechnology integrates natural sciences and engineering sciences. Károly Ereky used the word "biotechnology" in 1919 to describe the utilization of living organisms in the creation of goods from raw materials.
The term "biotechnology" refers to a broad range of techniques used to alter living things for human benefit. These techniques date back to the domestication of animals and the cultivation of plants, as well as "improvements" made to them through breeding programs that use artificial selection and hybridization. Along with cell and tissue culture technology, modern applications now include genetic engineering.
Learn more about biotechnology here:
https://brainly.com/question/16536830
#SPJ9
the part of a business plan that includes an organization chart, job descriptions of listed positions, and detailed resumes of the current and proposed executives is called the
Answer: Management Team
Explanation: The management team has authority over positions, resumes, and overall organizational structure of the business.
When income increases, the demand curve for a normal good O a. Shifts to the right O b. Stays the same O c. Becomes vertical O d. Becomes flat Oe. Shifts to the left
When income increases, the demand curve for a normal good (a) shifts to the right. This means that at any given price level, consumers are willing and able to buy a larger quantity of the normal good.
A normal good is a type of good for which demand increases as consumer income increases. When income rises, consumers have more purchasing power, which allows them to buy more goods and services. As a result, the demand for normal goods increases. This increase in demand is reflected by a shift of the demand curve to the right.
Graphically, the shift of the demand curve to the right indicates that at each price level, consumers are willing to buy a larger quantity of the normal good compared to before the increase in income. This shift signifies a positive relationship between income and quantity demanded. It is important to note that the shift of the demand curve to the right does not necessarily imply a change in the slope or shape of the curve. The slope of the demand curve represents the price elasticity of demand, which is a different concept from the income elasticity of demand. Therefore, when income increases, the demand curve for a normal good shifts to the right, indicating an increase in quantity demanded at each price level.
know more about income :brainly.com/question/2386757
#SPJ11
1- cleveland's rock and roll hall of fame is an example of what concept?
a- tax- negative development
b- locality development
c- incumbent upgrading
d- suburban sprawl
The Rock and Roll Hall of Fame in Cleveland is an example of the concept of "locality development." Thus, option B is the correct option.
Locality development refers to the process of leveraging unique local assets, culture, or heritage to promote economic development and attract visitors or investment to a specific area. In this case, Cleveland's Rock and Roll Hall of Fame capitalizes on the city's historical connection to rock and roll music, hosting exhibits and preserving the history of this genre.
By establishing the Rock and Roll Hall of Fame in Cleveland, the city aims to draw tourists, generate economic activity, and enhance its reputation as a cultural destination. The museum showcases the local music scene and contributes to the cultural identity of the city, thus exemplifying the concept of locality development.
Learn more about locality development here:
https://brainly.com/question/28579408
#SPJ4
The ICH GCP guidelines:
- set standards for the design, conduct, monitoring and reporting of clinical research.
- guarantee that a submission in any ICH region will be approved for marketing.
- require certification of clinical research sites and investigators
- replace FDA regulations for internationally conducted studies of drugs that will be marketed in the U.S.
Answer:
Explanation:The ICH-GCP is a harmonised standard that protects the rights, safety and welfare of human subjects, minimises human exposure to investigational products, improves quality of data, speeds up marketing of new drugs and decreases the cost to sponsors and to the public.
the last
If a person has a negative self-description, this description is automatically memorized for future use by the part of his/her self-concept. O self-image Oblind self O absolute self O self-control QUESTION 34 pushed workers to organize labor unions. O Reduced nepotism O Reduced work hours O Negative management O Bureaucratic management QUESTION 35 Which of the following events is most likely responsible for shaping the values of the Pre-Baby Boomer Generation? O The Iraqi War O The Vietnam War O The 9/11 terror attack O The Great Depression
31 If a person has a negative self-description, this description is automatically memorized for future use by the part of his/her self-concept is self-image. Option A
32. Negative management practices often push workers to organize labor unions. Option C
33. The Great Depression is most likely responsible for shaping the values of the Pre-Baby Boomer Generation. Option D
31. If a person has a negative self-description, it is automatically memorized for future use by the part of their self-concept known as the self-image, which influences their self-perception and can impact their thoughts, feelings, and behaviors. Option A
32. s. Poor management techniques, such as unfair treatment, lack of communication, or abusive behavior, can create dissatisfaction among workers and motivate them to come together and form unions to address their concerns. Option C
33. The Great Depression is most likely responsible for shaping the values of the Pre-Baby Boomer Generation. The severe economic crisis, lasting from 1929 to the late 1930s, brought about financial instability, high unemployment rates, and social upheaval, leading to values of frugality, hard work, resilience, and economic security among the individuals of this generation. Option D
For more such question on self-description visit:
https://brainly.com/question/24648731
#SPJ8
Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the
Answer:
utilitarian approach.
Explanation:
Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.
Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.
Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.
The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.
Hence, the executive of Cherries on Top is practicing the utilitarian approach.
what are the legal requirements that an organization adopt a standard based on what a prudent organization should do, and then maintain that standard? question 6 options: certification and accreditation best practices due care and due diligence baselining and benchmarking
The legal requirements that an organization adopt a standard based on what a prudent organization should do, and then maintain that standard are due care and due diligence.
Due care is the responsibility of an organization to perform its duty in a responsible and careful manner. Due care requires that the organization take the necessary steps to safeguard the interest of its stakeholders, including employees, customers, and suppliers.Due diligence is the process of assessing the suitability of an organization's standard for the purpose it is being used.
Due diligence requires that the organization perform a thorough evaluation of the standard's suitability, based on its objectives, requirements, and constraints.Certification and accreditation are the processes of verifying that an organization's standard meets the requirements of a particular industry or regulatory agency. Certification and accreditation provide an external validation of an organization's standard, which can be used to establish credibility with stakeholders.
Best practices are the established standards for a particular industry or application. Best practices provide guidance on how to achieve the desired outcome, based on the experience and knowledge of the industry experts.Baselining and Baselining and benchmarking are the processes of establishing a baseline or benchmark for the organization's standard. Baselining involves establishing a starting point for the organization's standard, while benchmarking involves comparing the organization's standard to the best practices and industry standards.
For more such question on organization
https://brainly.com/question/25922351
#SPJ11
Womack Toy Company’s stock is currently trading at $25 per share. The stock’s dividend is projected to increase at a constant rate of 7 percent per year. The required rate of return on the stock, ks, is 10 percent. What is the expected price of the stock 4 years from today?
Answer: $32.77
Explanation:
Given the following :
Current price of stock = $25
Growth rate of Dividend per annum= 7%
Required return on stock = 10%
Period = 4 years
Expected price of stock after 4 years can be calculated using the relation :
Current price × ( 1 + growth rate)^period
Expected price = $25(1 + 7%)^4
Expected price :
$25 × ( 1+ 0.07)^4 = $25 × (1.07)^4
= $25 × 1.31079601
= $32.76990025 = $32.77
advantages and disadvantages of municipalities
Answer:
The advantage is more locally laws like streat lights and roads but the disadvantage is budget
Answer:
Answer below --
Explanation:
Advantages:
Community Ownership. A municipal utility is owned by the city it serves.
Long-Term Community Goals. The emphasis for municipal utilities is helping to achieve the long-term goals of the community.
Local Control.
Local Regulation.
Local Presence.
Reliability.
The Public Interest.
Keeping Dollars in the Community.
Disadvantages:
Usually lower paying at the highest levels of your profession Usually less of a meritocracy than private sector. This can be a pro for subpar performers. Often less job clarity. In private sector, ideas that make money or save money are usually implemented. In public sector, maybe but maybe notSubmission Requirements:
Create a job application, cover letter and a resume.
Submit your responses to Part 1: What job did you choose? Why?
What are the qualifications for each job?
What type of compensation does the ad reflect?
Is this a job you would take based on the advertisement? Explain.
What other information do you need concerning the job before you would apply?
Find the current wage for the type of job you have chosen.
and Part 2: Identify the person from human resources whom you might contact. If it’s a small business, who do you think would be your contact?
Assume you were hired. What would human resources do for you as an employee? Discuss what benefits HR would offer and how, you believe, this would happen if you were to be employed in this position.
I have chosen the position of Marketing Manager for a software engineering company.
What is company?A company is an entity that is created by individuals for the purpose of carrying on commercial enterprise. It is a distinct legal entity, separate from its owners and managers.
I have chosen this position because I have a strong background in digital marketing, and I am looking for a role that will give me the opportunity to use my skills to help a company reach its goals.
The qualifications for this position include a Bachelor's degree in marketing or a related field, five years of digital marketing experience, and knowledge of web analytics, SEO, and email marketing.
The advertisement reflects a competitive salary and benefits package that includes medical, dental, and vision coverage, 401k, vacation, and other company perks.
Yes, this is a job I would take based on the advertisement. The position offers a competitive salary and benefits package, and I have the qualifications and experience needed to successfully fill this role. Before applying for the job, I would need to know more about the company's culture and the specific duties of the position. I would also need to know more about the team I would be working with and the resources available to me in order to be successful.
According to salary.com, the median salary for a Marketing Manager in the United States is $94,917 per year.
Identify the person from human resources whom you might contact. If it’s a small business, who do you think would be your contact?
If the company is a large business, the contact would likely be the head of human resources or a member of the HR team. If the company is a small business, the contact would likely be the owner or a member of the management team.
If I were to be hired, human resources would be responsible for onboarding me as an employee. This would involve providing me with information about the company, including its policies and procedures, and helping me to understand what is expected of me as an employee.
To learn more about company
https://brainly.com/question/24553900
#SPJ1
Why are bonds known as fixed income investments? A) there is a fixed principle B) there is a fixed rate of return C) there is a fixed option of investing part of the bond D)
all of the above
Answer:
The awnser is B
Explanation:
took the test
Computer database programs make it easier for businesses to manage
Group of answer choices
Internet search engines.
problem-solving skills.
large amounts of related data.
customers' buying habits.
Answer:
large amounts of related data.
Explanation:
Computer programs can store, organize, and analyze large volumes of data. Companies store information relating to sales, customer interactions, marketing campaigns, financial transactions, employment, and much more. This information is organized in a database, making it easy to retrieve and refer.
Managers use the programs to store data for better decision making. Computer programs offer a fast and accurate way to organize and interpret huge volumes of data.
On Wednesday, your boss asks you if you'd be willing to work an
extra day on Saturday. You agree to come to work. On Friday,
your best friend invites you to go to the beach the next day.
Should you go to work or to the beach on Saturday? Why?
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
Which of the following may not characterize an oligopoly? A few firms. No market power. High barriers to entry. Substantial control over price.
The statement "No market strength" may not signify an oligopoly.
In an oligopoly, a small variety of companies dominate the marketplace, which means there is a concentration of market energy among those few companies. They can steer market conditions, including pricing and output selections.
Oligopolistic companies frequently interact in strategic conduct, along with collusion or non-rate competition, to keep their marketplace positions and defend their pastimes. They may additionally coordinate their actions to control costs, restrict competition, and maximize their income.
High limitations to entry are a function of an oligopoly. The existing firms in an oligopolistic market generally have tremendous advantages and limitations that make it tough for new entrants to compete correctly. These barriers can encompass economies of scale, logo loyalty, patents or highbrow assets rights, get admission to distribution channels, or great capital requirements.
Substantial manipulation of price is any other characteristic of an oligopoly. Due to the confined quantity of firms within the marketplace, every firm's pricing choices will have a significant impact on the overall market price. Oligopolistic corporations are aware of their interdependence and the ability of their actions to have an effect on the conduct of other companies within the enterprise.
Therefore, the right choice is "No market power." Oligopolies are characterized by using a few corporations, high obstacles to access, and great manipulation overcharges.
To know more about oligopolies,
https://brainly.com/question/29852865
#SPJ4
what are the ways of receiving employment related information?
Answer:
just do well on software and follow me for updates
Applications of can help marketers determine which television shows current and potential customers watch,
allowing marketers to determine the value of advertising on a particular show.
O A. Big Data
B. customer relationship management (CRM)
OC. one-to-one marketing
OD. search engine optimization (SEO)
E. data mining
what does it mean when a company has negative cash from financing activities in the cash flow statement?
When a company has negative cash from financing activities on its cash flow statement, it means that the company used more cash than it received from financing activities.
This could be due to repaying a loan, buying back shares or issuing dividends to shareholders. Negative cash from financing activities can be a sign of financial distress because it means that the company is unable to generate enough cash from its financing activities to sustain itself. In any case, negative cash from financing activities should be carefully monitored to ensure that the company is able to remain solvent.
To know more about financing activities click here
https://brainly.com/question/16377227
#SPJ4
what is the annual depreciation expense? (round to the nearest cent, input your answer as a positive number.)
Deterioration cost is the expense of a resource that has been devalued for a solitary period, and shows the amount of the resource's worth has been spent in that year.
Aggregated deterioration is the aggregate sum of devaluation cost that has been designated for a resource since the resource was placed into utilization.
How does annual depreciation work?
The typical annual rate at which a fixed asset is depreciated is known as annual depreciation. If the straight-line method is used, this rate stays the same year after year. Annual depreciation will rise early and then fall later if an accelerated approach is used.
What is an example of a cost related to depreciation?
Over the asset's useful life, the method deducts an equal annual depreciation cost. For instance, Company A spends $50,000,000 on a building that will be used for 25 years and have no resale value. Divide $50,000,000 by 25 to determine the annual depreciation cost of $2,000,000.
To learn more about Deterioration cost here
https://brainly.com/question/28099872?referrer=searchResults
#SPJ4
Why should a speaker never find all of their information in only one type of source?
- The research will be one-sided.
- The research will become very boring.
- Listeners like to hear about different types of sources.
✅A speaker may end up receiving a biased view of the subject.
As of December 31, Year 2, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. During Year 3, Moss earned $42,000 of cash revenue, paid $24,000 for cash expenses, and paid a $3,000 cash dividend to the stockholders.
Determine the amount of retained earnings as of December 31, Year 2.
Answer:
$20,000
Explanation:
Calculation for the amount of retained earnings as of December 31, Year 2.
Using this formula
Retained earnings=Total cash -Notes payable-common stock
Where,
Total cash= $195,000
Notes payable= $90,500
Common stock= $84,500
Let plug in the formula
Retained earnings = $195,000 − $90,500 − $84,500
Retained earnings= $20,000
Therefore the amount of retained earnings as of December 31, Year 2 will be $20,000
Which of the following is NOT an example of a voluntary paycheck deduction?
a
Employee paid insurance
b
Social Security
c
401K
d
Life Insurance
Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Printing Technology
Telecommunications
Performing Arts
Journalism
Answer:
Journalism
Explanation:
Answer:
journalism
Explanation:
The Levi Company issued $200,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on June 30 and December 31. The bonds are dated January 1, and mature in five years, on January 1. The total interest expense related to these bonds for the current year ending on December 31 is
24000, The total interest expense related to these bonds for the current year ending on December 31 is 24000 (12% of 200000)
More about bond interest expense:
Bond interest expense is the total amount of interest paid on the payable bonds of an organization during a reporting period. This cost includes the amortization of any premium or discount on bonds that were issued for the reporting period and based on the cost at which investors purchased them.
It should be rather simple to figure out the interest expense on a payable bond, but then the accountants got involved. Generally Accepted Accounting Principles, or GAAP, make what would normally be a straightforward multiplication problem a little bit more challenging.
Learn more about interest expense here: https://brainly.com/question/17031556
#SPJ1
Fink Insurance collected premiums of $17,700,000 from its customers during the current year. The adjusted balance in the Deferred premiums revenue account increased from $5.0 million to $8.8 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year?
a. $22,300,000.
b. $9,500,000.
c. $13,500,000.
d. $17,900,000.
The Fink's revenue from insurance premiums recognized for the current year is $13,900,000.
This is because to find Fink's revenue in this situation; we use this formula.
Insurance premium collected + Beginning Deferred premium account - Ending deferred premium;
Thus we have an Insurance premium collected => $ 17,700,000;
Beginning Deferred premium account => $ 5,000,000;
Ending deferred premium => $8,800,000;
Therefore by slotting the details into the formula, we have:
=> $ 17,700,000 + $ 5,000,000 - $8,800,000 = $ 13,900,000;
Hence, in this case, it is concluded that the correct answer is "$13,900,000."
Learn more here: https://brainly.com/question/15133127
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
To know more about loan here-
https://brainly.com/question/11794123
#SPJ4
what would you do when you grow up?*Career*
And explain why!
Answer:
Nursing or famous singer
Explanation:
because I want to inspire other people and make them happy.
Answer:
Explanation:
W
hat do you want to be when you grow up? Have you ever been asked that question before? What was your answer?
You might say you want to be a firefighter, a ballerina, a policeman, a professional athlete, a doctor, or a teacher. Parents and teachers who ask this question of their children and students will tell you that very few kids express an interest in being an insurance adjuster, an administrative assistant, a market researcher, or a database administrator.
Why is that? Although there are literally billions of people in the world working in all sorts of jobs, you might only know about the jobs held by people you come into contact with in your daily life.
For example, you might be familiar with the jobs your parents, friends, or relatives hold, as well as those you see portrayed on television shows or held by people you come into contact with in your community, such as doctors, dentists, and teachers.
Since you will likely have to work a full-time job to support yourself and perhaps your family in the future, it's important to choose a career path that provides both necessary income and job satisfaction. If you choose a job that makes you unhappy, your life will not be as happy and fulfilling as you want it to be.
Be sure to investigate all kinds of careers. The perfect job for you might be something that you've never heard of…yet! The future is unwritten and the possibilities are endless. Tomorrow's happiness and success will depend in part on the planning and work you do today with tomorrow in mind.
Thinking about the future and planning for what you want to be when you grow up should not be limited to just one day, though. Start talking with teachers, parents, relatives, friends, and mentors in all sorts of settings — at school, at home, at work, at church — any time you have questions about the future.
There's never a bad time to think about your talents and interests and wonder how those might someday shape your future career. What subjects do you enjoy and excel at in school?
Are you a math whiz? Maybe you should be an engineer or a scientist someday. If you're good at language arts, perhaps you could become a writer. Do you look forward to art more than any other class? Perhaps a career in design is in your future.
Although working for a living may seem far, far away, it's closer than you think. Planning for success in the future starts today. As you think about careers, explore what skills and education you will need to be successful in the careers that interest you.
For example, if you are interested in careers that require a college degree, you will need to work hard in school — now — to ensure that you are able to attend college one day. Some careers don't require a college degree, but specialized training may be necessary. For example, if you want to be a chef, you might need to attend a special culinary arts program.
Knowing what type of education or training you need for various careers will help you plan today to get where you want to be tomorrow!
Don't limit your explorations to careers that exist today. Many of the people working in the field of computers and Internet technology have jobs that did not exist when they were children. Believe it or not, you may one day work in a job that no one has yet dreamed into existence.
When you look into your crystal ball to see what the world will be like in 10, 15, or even 20 years from now, what do you see? What trends do you think will continue? What types of jobs will always exist? What types of jobs exist today that might be gone by the time you are ready to enter the workforce?
So take some time today to dream. And dream big! The world is your oyster. Make the most of it.
Dream about the type of world you want to live in. Dream about the family you want to have and what type of community you want to live in. Dream about what you love to do and what you're good at. Start dreaming of the person you will be one day. Then make it happen!
In Business Law
State the three-step analysis for licensing.
The three-step analysis for licensing is as follows:
1. Determine whether a license is required: The first step in the licensing analysis is to determine whether a license is required to engage in the activity in question. This involves researching the relevant laws and regulations to determine whether a license is necessary.
2. Determine the requirements for obtaining a license: If a license is required, the next step is to determine the requirements for obtaining the license. This may involve meeting certain educational or experience requirements, passing an exam, or submitting an application and paying a fee.
3. Determine the consequences of operating without a license: The final step in the licensing analysis is to determine the consequences of operating without a license. This may include fines, penalties, or even criminal charges. It is important to understand the risks of operating without a license before engaging in any activity that requires one.
The Galindo family plans to start a small business in our neighborhood. The father
borrows $10,000 from the bank at an annual interest rate of 7.5% rate for 42
months. What is the amount of interest he will pay on this loan?
$26.25
$26,250
$262,500
$2,625
Answer:
$2,625
Explanation:
Interest is calculated using the formula
I = p x r x t
For Galindo family
I= interest,
P = principal amount : $10,000
r= Interest rate: 7.5 % or 0.075
t= times in years : 3.5 years( 42 months /12)
I= $10,000 x 0.075 x 3.5
I=750 x 3.5
I=$2,625