In the Following Equation: = PMT Calculate N

question 121

Essay

In the following equation: = PMT calculate n, if = 75,000; PMT = 3500; i = 0.028

---

Definitions:

Derived Demand

Demand for resources derived from demand for the final product.

Final Demand

The demand for finished products by consumers, businesses, and the government, without any further processing or transformation.

Goods and Services

Represents the output of an economy, where goods are physical items and services are activities provided by others for benefit or pleasure.

MRP

In economics, Marginal Revenue Product is the additional revenue generated by employing one more unit of a resource.