Even though commercial airlines have excellent safety​ records, in the weeks following a​ crash, airlines often report a drop in the number of​ passengers, probably because people are afraid to risk flying. ​a) A travel agent suggests that since the Law of Averages makes it highly unlikely to have two plane crashes within a few weeks of each​ other, flying soon after a crash is the safest time. What do you​ think? ​b) If the airline industry proudly announces that it has set a new record for the longest period of safe​ flights, would you be reluctant to​ fly? Are the airlines due to have a​ crash?

Answers

Answer 1

Answer:

A) There is no such thing as the "Law of Averages." The overall probability of an airplane crash does not change due to recent crashes.

Explanation:

This is the complete question below;

Even though commercial airlines have excellent safety​ records, in the weeks following a​ crash, airlines often report a drop in the number of​ passengers, probably because people are afraid to risk flying. A travel agent suggests that since the Law of Averages makes it highly unlikely to have two plane crashes within a few weeks of each​ other, flying soon after a crash is the safest time. What do you​ think?

Choose the correct answer below.

A. There is no such thing as the "Law of Averages." The overall probability of an airplane crash does not change due to recent crashes.

B. The "Law of Averages" states that outcomes must even out in the short run. This means that the overall probability of an airplane crash is higher due to recent crashes.

C. The "Law of Averages" states that outcomes must even out in the short run. This means that the overall probability of an airplane crash is lower due to recent crashes.

D. The "Law of Averages" does not apply to this situation. The overall probability of an airplane crash does not change due to recent crashes.

We are informed from the question that commercial airlines have excellent safety​ records, in the weeks following a​ crash, airlines often report a drop in the number of​ passengers, probably because people are afraid to risk flying. A travel agent suggests that since the Law of Averages makes it highly unlikely to have two plane crashes within a few weeks of each​ other, flying soon after a crash is the safest time.

In this case, There is no such thing as the "Law of Averages." The overall probability of an airplane crash does not change due to recent crashes.

There was fact that the commercial airlines has excellent safety​ records in the past and there is a crash after the following week, all these doesn't have any connection with people flying soon after a crash because they think is the safest time.

Answer 2

Airline transportation has its pros and cons. The answers are given below;

My point is that There is nothing like the "Law of Averages." The total likelihood of an airplane crash will not be altered due to recent crashes. When one take a flight, it is usually done at your own risk.

If the airline industry proudly announces that it has set a new record for the longest period of safe​ flights, I would not be be reluctant to​ fly. Every airline companies are known to have strict maintenance of their planes are its parts.

They ensure that their flights does not have any issue on the way, Even though things do  happen, that does not mean I would be scare and not fly.

The airline is not due to crash. This is because the likelihood of a crash occurring is not due to the time a previous crash occurred. One should not be scared or afraid of flying.

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Related Questions

Who will be the first Trillonare in this world ?

Answers

The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.

According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.

However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.

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*Will award Brainliest if correct!*

The time you define as being busy on the device.

(A) Active hours
(B) My time
(C) Windows schedule

Answers

Answer: it would active hours

Explanation: Simply, that is your active hours on your computer

The correct answer is: (A) Active hours

What are energetic hours on a computer?

Energetic hours discover the time frame while you anticipate the device to be in use. automated restarts after an update will arise outdoor during the energetic hours. via default, lively hours are from eight AM to 5 PM on pcs and from 5 AM to eleven PM on phones. customers can trade the active hours manually.

It is referred to as energetic hours. active hours are a time variety you could set to permit your computer to recognize whilst you're commonly the usage of your tool, so it might not restart robotically throughout the one's instances.

What is the means of energetic hours in home windows 10?

Energetic hours allow home windows to understanding while you're typically at your laptop. we'll use that data for agenda updates and restarts when you're no longer the usage of the pc.

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3. Kathleen is starting a new job where she will be working remotely. Her new company has
all kinds of collaborative tools they use to work together. What are three types of tools she
will likely be using in this new job? List and describe the functions of these three tools.

Answers

types of tools  Kathleen will likely be using in  remote job: screen recording tool, remote desktop software, mobile hotspot

How to describe the functions of remote tools?The Remote Desktop app lets you securely connect to a computer in another location, so you can work as if you were sitting at the keyboard of that computer. This is a convenient way for remote workers to access computers at headquarters or another remote worker. As a bonus, it's perfect for solving your parents' email problems from the comfort of your couch.Mobile Hotspot serves not only as internet access, but also as a backup in the event of a power outage or internet failure.screen recording tool: What if you want to take a quick screenshot, or record your screen and send it to someone asynchronously? Then a screenshot tool can help. Zapier uses Zappy. It's very fast and you can start annotating right away without having to fiddle with your computer's built-in tools. Created in-house, but available for anyone to use.

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If a firm could hire all the workers it wanted at a zero wage (i.e. the workers are unpaid interns), the firm should hire:
use ONE of these key terms in answer: "diminishing marginal returns" or "MPP" or "productivity"

Answers

Up until the marginal product of labour (MPP) reaches zero, which is the point of diminishing marginal returns, a company should employ unpaid interns. Still, productivity must be taken into account.

How do implicit and explicit costs differ?

Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, or labour and salaries. The opportunity cost of resources that the company already owns and uses for business purposes are implicit costs.

What kind of implicit cost might there be?

The loss of interest revenue on money and the depreciation of equipment for a capital project are two examples of implicit costs. Intangible expenses that are more difficult to quantify for include the time an owner devotes to maintenance.

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What are the process of microeconomics?

Answers

Answer:

Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.

Explanation:

Select all that apply.

Work environments can be:

indoor
outdoor
both indoor and outdoor
none of the above

Answers

Answer:

C. Both indoor and outdoor

Answer:

C

Explanation:

If a buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should

Answers

There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;

Consult with the buyers and determine whether they want to proceed.

What is the response of a listing agent who approaches a potential listing?

The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;

He should ask the seller if the flag stands for his racial prejudice and later ask that it should be removed.

Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.

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Describe the power relationship between Numi and its supply chain partners.

Answers

In any supply chain, power dynamics can vary depending on various factors, such as the size of the companies involved, the type of product or service being supplied and the degree of competition in the market.

What is a product?

In economics, a product refers to good or service that is produced, marketed, and sold to satisfy customer's needs and wants. A product can be tangible, such as a physical item like a smartphone or a car, or intangible, such as a service like consulting or healthcare. The production of a product involves various stages, including design, development, manufacturing, and distribution. A successful product must fulfill the needs and wants of the target market, be competitive in terms of quality and price, and be marketed effectively to reach potential customers. In addition to meeting customer demands, a product must also comply with relevant regulations and standards to ensure safety, quality, and sustainability. Ultimately, the success of a product depends on its ability to generate revenue and profit for the company that produces it.

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A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??

Answers

A long-term incentive is a type of incentive given to employees that is designed to be paid over an extended period or longer term. It is typically used as a way to align the interests of employees with the long-term goals of the organization. Long-term incentives are often provided in addition to regular salary or short-term incentives and are commonly used for executive-level employees or key members of the organization.

Match the information about a company to the correct SWOT Analysis element.

Question 28 options:

Opportunity


Strength


Threat


Weakness

1.
Could increase sales and grow a company.

2.
Areas in which a company is lacking.

3.
Things a company does well.

4.
Anything that poses a risk to a company's success and growth.

Answers

Answer:

1. opportunity

2.weakness

3. strength

4. threat

Match the information about a company to the correct SWOT Analysis element.

opportunity- Could increase sales and grow a company.

weakness- Areas in which a company is lacking

strength- Things a company does well.

threat - Anything that poses a risk to a company's success and growth.

What is an information?

An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.

The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.

Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.

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Given the following information, calculate the debt coverage ratio of this commercial loan:

Estimated net operating income (NOI) in the first year: $150,000
Debt service in the first year: $100,000
Loan amount: $1,000,000
Purchase price: $1,300,000.

Answers

Answer:

1.50

Explanation:

The debt coverage ratio shows the extent to which the property is generating income in a bid to pay its debt service charge, it is computed using the below DSCR formula

DSCR= net operating income (NOI)/Debt service

net operating income (NOI)=$150,000

Debt service=interest expense or finance charge in the year=$100,000

DSCR=$150,000/$100,000

DSCR=1.50

The property in question is generating income that  is 1.5 times its debt servce yearly

In your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your:
Group of answer choices

turnover.

point-of-sale.

rate of return.

return on interest.

Answers

If in your business plan, you note that investors can expect to gain 110 percent of their investment back after three years. The time frame here provides your: C. rate of return.

What is rate of return?

Rate of return can be defined as the gain or loss a person make on their investment and the rate of return is in a form of  percentage.

In a situation where a person who invest his/her money into a business  make a profit of 110% of the amount the person invested after two to three years this is called a rate of return.

Therefore the correct option is C.

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why would you put money into a savings account everfi

Answers

Answer:

I would put money in a savings account so When i become the age i can buy myself a nice car and a nice apartment

One of the most straightforward ways to generate interest on your money is through savings accounts.

What is a savings account?

Money that you just don't intend to spend straight away should be kept in savings accounts. They may be used to save for goals that are both short and long-term, and the majority of savings accounts offer back on donations to help you increase the amount that you save.

They nevertheless make it simple to spend and draw money while providing a greater rate of interest than a standard checking account.

These accounts might serve as secure storage facilities for money that you don't plan to use soon enough. These savings accounts are helpful for long-term goals like saving money for a deposit on a house as well as short-term necessities like emergency funds.

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On October 1, 2016, Adams Company paid $4,200 for a two-year insurance policy with the insurance coverage beginning on that date. As of December 31, 2016, which of the following account balances are correct after adjusting entries have been made?a. Prepaid insurance $4,200, and Insurance expense $0.b. Prepaid insurance $0, and Insurance expense $4,200.c. Prepaid insurance $2,100, and Insurance expense $2,100.d. Prepaid insurance $3,675, and Insurance expense $525.

Answers

Answer:

d. Prepaid insurance $3,675, and Insurance expense $525.

Explanation:

Preparation of the journal entry to determine which of the following account balances are correct after adjusting entries have been made

Based on the information given the account balances that are correct after adjusting entries have been made will be PREPAID INSURANCE $3,675, and INSURANCE EXPENSE $525.

First step is to calculate the amount the company pay per month

Amount pay per month=$4,200/24 months

Amount pay per month = $175 per month

Last step

Since Three months have been used which are October, November, and December which means that $175 per month × 3 months = $525 which will be recorded as INSURANCE EXPENSE while the balance in PREPAID INSURANCE will be $4,200 - $525 = $3,675

Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2

Answers

The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1

To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.

Here's how to calculate the marginal product for each worker:

Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.

Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.

Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.

Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.

Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.

Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.

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What is the link between managing ineffective performers and organizational productivity?

Answers

Ineffective performance is defined as an employee's inability to meet a specified level of performance and is usually ascribed to the working environment. The capacity of an organization to fulfill its goals while avoiding costs is referred to as organizational productivity.

What effect does organization have on productivity?

According to studies, competent management may considerably enhance production, market value, and growth, as well as the capacity to resist bad events such as a recession.

Ineffective personnel have a significant negative impact on organizational productivity. To increase the performance of such personnel, certain managerial steps must be taken.

Managers should closely monitor, engage, encourage, and guide ineffective employees. Bosses should design motivational strategies and identify the root reason of an employee's incapacity to succeed. Employees are affected by a variety of circumstances, including coworkers, the environment, family disruptions, and salaries.

As a result, supervisors must recognize the issue and properly aid the employee. Criticism from superiors causes work-related stress, which leads to ineffectiveness; thus, empathic managers may resolve these differences and strengthen the working relationship.

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Maite has money in an interest-bearing account. The table shows how much money is in the account at the end of each year.

Answers

Depending on the question Maite will have $1.194.05 ($1,159.27 × 1.03) there in bank at the conclusion of the seventh year.

What is exponential factor?

Due to the fact that this is a mathematical sequence, we apply an exponential factor to calculate the amount of money that Maite will have in her account at the conclusion of each year.

1. This scenario shows a geometric progression.

An exponential growth factor is used to enhance the length of a geometric sequence.

2. The common exponential factor is 1.03 (which gives a growth rate of 3% annually). See the calculation for this factor below.

3. Maite's account balance will be $1,194.05 at the conclusion of the seventh year. See the calculation below.

Data and Calculations:

Year Amount

1 $1,000.00

2 $1,030.00

3 $1,060.90

4 $1,092.73

5 $1,125.51

6 $1,159.27 ($1,125.51 × 1.03)

7 $1,194.05 ($1,159.27 × 1.03)

The common exponential factor = 1.03 (1 + 0.03)

To obtain the common exponential factor, subtract Year 2 account balance from Year 1 account balance. Divide the result by Year 1 account balance. This operation can also be carried out with Year 2 and Year 3 balances or Year 4 and Year 5 balances.

Utilizing Year 5 as both a benchmark, calculate Maite's account balance at the conclusion of Year 6 as follows: (Annual 5 balance sheet shows *Exponential Factor)

= $1,159.27 ($1,125.51 × 1.03)

We take Year 6 above as the foundation to calculate Year 7 account balance.

= $1.194.05 ($1,159.27 × 1.03)

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The Complete Question :

Maite has money in an interest-bearing account. The table shows how much money is in the account at the

Using Your Personal Financial Plan Sheet 27, create a home inventory for Jamie Lee and Ross. Consider items of value that may be located in each of the rooms of the house and determine a dollar amount for each item. What is the total cost of the items?

Answers

Answer:

we are got it to dollars to the this person who was making corruption

5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.

Answers

If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.

One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.

The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.

It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.

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In Venezuela, the bolivar, the domestic currency, lost value because the government printed excess amounts of money to fund its budget deficit. This situation can happen if the: inflation in the country is well controlled. bond markets in the country are very strong. central bank is very powerful and independent of the political process. central bank is not independent of the political process.

Answers

In Venezuela, the bolivar, the domestic currency, lost value because the government printed excess amounts of money to fund its budget deficit. This situation can happen if the inflation in the country is well controlled.

What is a budget deficit?

When spending exceeds revenue, the situation is referred to as a budgetary deficit. Despite being primarily utilised by governments, this has a wide range of applications for both people and companies. A government has a budget deficit when it spends more in a given year than it brings in through taxes, for example. As a straightforward illustration, consider a government that receives $10 billion in revenue one year but spends $12 billion, creating a $2 billion deficit.

Hence, This situation can happen if the inflation in the country is well controlled.

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Graham was acting as the facilitator at a problem-solving meeting. He noticed that Denise, one of the participants, was continually going off-topic and rambling on about noncritical issues. He told Denise, “I’m not sure I understand how your observation relates to our meeting goal.” Graham’s comment helped Denise get back on track to the topic at hand. What strategy of keeping a team focused on its objective did Graham use?

Answers

As Graham told Denise “I’m not sure I understand how your observation relates to our meeting goal.” and this helped Denise get back on track to the topic at hand. The type of strategy of keeping a team focused on its objective that Graham use is known as Metadiscussion.

What is a Metadiscussion?

A Metadiscussion, as related to a metacommunication, means a secondary expression of intent that either supports or conflicts with what you’re saying verbally. In other words, it means the non-verbal message you send when interacting with someone.

For instance, it is observed in a doctor quote that "I work with my clients to understand metacommunication as the character of our communication; our cues and messages we broadcast independently of whatever we are saying.

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

1. What is the materials quantity variance for March?

2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?

3. What is the labor rate variance for March?

4. What is the labor efficiency variance for March?

5. What is the labor spending variance for March?

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production

Answers

Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

What is Labor efficiency variance?

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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According to the law of supply, an increased price for a good should lead to: OA. a decreased demand for that good. OB. a decreased supply of that good. C. an increased demand for that good. OD. an increased supply of that good. SUBMIT​

Answers

Answer: OD. an increased supply of that good.

Explanation:

Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)

Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.

Answers

Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.

What is a database?

A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.

A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.

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You see me now 4 kkt

Answers

Answer:

ncvbhrdfh

Explanation:

Answer:

hgfjttfgk,jnhlkgfk,hjlhj

Explanation:

On January 1, Damon, for consideration, orally promised to pay Gary $300 a month for as long as Gary lived, with the payments to be made on the first day of every month. Damon made the payments regularly for nine months and then made no further payments. Gary claimed that Damon had breached the oral contract and sued Damon for damages. Damon contented that the contract was unenforceable because, under the Statute of Frauds, contracts that cannot be performed within one year must be in writing.

Required:
Discuss whether Damon will succeed in this defense.

Answers

Answer:

In this case, a trial court would probably enforce the contract because although the statute of Frauds requires contracts for longer than one year to be willing to be enforceable, since it is possible that Gray may die within the year coupled with the showing by Damon of none months payments, the contract is enforceable. As a result, the Statute of Frauds would be enforceable because the oral contract was possible to fulfill within the one-year .

what is the acronym for the rainbow

Answers

Answer:

roygbiv

Explanation:

roygbiv

Answer:

the rainbow symbolizes God’s glory the radiance of his beauty, holiness, and perfection Like the appearance of the bow that is in the cloud on the day of rain, so was the appearance of the brightness all around. Such was the appearance of the likeness of the glory of the Lord.

Your reading material illustrates a typical example of what happens if you pay just the minimum monthly payment every month on a credit card balance, In this example, approximately how long will it take to pay off the original dept completely?

Answers

Answer: Most credit cards only require you to make a minimum payment each month, which is typically a fixed amount, often $20 to $25, or a percentage of your balance, usually 1 to 3 percent. Paying the minimum is tempting, especially if your budget is tight. But the less you pay now, the more you’ll pay later.

Carrying a credit card balance not only means you’ll be in debt longer, but it also means you can rack up massive amounts of interest, thanks to exorbitant, oftentimes double-digit interest rates.

Explanation:

To give you an idea of just how costly it can be to pay only the minimum on your credit card, personal finance site NerdWallet crunched the numbers and determined the interest costs of paying off debt. It assumed credit card debt of $6,081, which is what the average household with revolving credit card debt owes, and an interest rate of 14.99 percent.

You have $25,000 of credit card debt, and you decide that you will never charge another
cent on this card. You pay only the minimum that the credit card company asks you to
pay each month. Your interest rate is 18 percent and the minimum payment is just 2
percent of your balance. How long will it take you to pay off the debt in full if you never
charge another cent?
O 22 years
34 years
0 73 years
08 years

Answers


500x12= 6000$ premium payment
18x25000= 4500-6000= 1500-25000= 23500x18%= 4230-6000= 1770-23500= 21730x18%= 3911.4-6000=2088.6-21730=19641.4x18%=3535.452-6000=2464.548-19641.4=17176.852. It probably will take you 22 years

Answer:

73 years

Explanation:

I took a quiz with this question and 73 was correct.

When overall interest rates fall (to 2%), the bond you already own (with 5% coupon rate) becomes _______ valuable to potential buyers, so its price will ________.

Answers

When overall interest rates fall (to 2%), the bond you already own (with 5% coupon rate) becomes more valuable to potential buyers, so its price will rise.

What is the relationship between interest rate and bond prices?

A bond is a debt instrument used by companies, individuals and the government to raise capital for its activities. Bondholders earn interest on their investments at predetermined regular intervals. When the bond matures, the bondholders would receive the amount that was invested.

There is an inverse relationship between the price of a bond and the interest rate. When interest rate rises, the price of bonds would fall. Conversely, when interest rate falls, the price of bonds will rise.

The reason for this inverse relationship is that when interest rate rises, the cost of borrowing becomes higher. This discourages people from buying bonds. As a result, the demand for bonds would fall and this would lead to a fall in the price of bonds. On the other hand, if interest rate falls, it becomes cheaper to borrow, the demand for bonds would rise and this would lead to an increase in the price of bonds.

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