Percentage of the single payment cost

Assignment Help Macroeconomics
Reference no: EM131086608

The cost of insuring a building is £520 in a particular year.

The following year, the cost of insurance per £10,000 insured increases by 4%.

Also, the insured value of the building increases by 5%.

Calculate the new cost of insuring the building.

1. Insurance that costs £440 per annum if paid in a single payment, costs £38.50 per month if paid in 12 equal monthly installments.

Calculate:

2. the additional annual cost if paying by monthly installments

3. the additional annual cost as a percentage of the single payment cost.

Reference no: EM131086608

Questions Cloud

Compare the refractive index data for simple and fractional : For Hickman still or for test tube microscale distillations, compare the refractive index data for simple and fractional distillations. Do the data suggest which distillation procedure is more efficient? Briefly explain.
Interest rate on international financial markets : In a context of perfect capital mobility, consider a simplified small open economy (for this economy we consider foreign GDP (YF), foreign price level (PF), and the interest rate on international financial markets (rF) as exogenous), modeled with the..
Derive the equations of the curves : 1)Briefly explain equations (1)-(10). Then, derive the equations of the curves (IS) and (LM). Assume in the following that: G* = 360 and M* = 1500.
Evaluate and critique the existing operation and management : Evaluate and critique the existing operation and the management of J. Galt Lock. How applicable is JIT to a situation like this? Would converting from a functional layout to a cellular layout facilitate the implementation of JIT?
Percentage of the single payment cost : 1. Insurance that costs £440 per annum if paid in a single payment, costs £38.50 per month if paid in 12 equal monthly installments. Calculate: 2. the additional annual cost if paying by monthly installments 3. the additional annual cost as a perce..
Did you develop your wbs top-down or bottom up approach : Does your WBS include everything in your team's charter and all deliverables (promised deliverables to the client organization customer)? Does your WBS address tasks that were not discussed in the Project Charter? If so, what are they and how did..
How many electrons are in atoms of this element : How many times heavier than 12C is the average atom of this element?
Time value of money concept : Assuming interest at a 10% rate, the cost of the machine would be the total payment multiplied by what time value of money concept?
Find and expression for output per capita : Consider the following production functionY = F(K, L) = A[αKρ + (1 - α)Lρ]1ρ ,where K stands for capital and L for labor. (b) Find and expression for output per capita in terms of capital per capita.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Illustrate what sectors of the economy are likely to expand

Illustrate what sectors of the economy are likely to expand or recover in the near future. Illustrate what sectors may be the most vulnerable in the next year.

  Calculate the 4 firm oligopoly concentration ratio

Calculate the 4 firm Oligopoly concentration ratio using the following numbers: Total Industry Sales = $1,000,000

  Problem of the book assuming that the utility is cobb-dougla

Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )

  Analyze possible employment effects of second alternative

The Occupational Safety and Health Administration (OSHA) promulgates safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like.

  Show the effect of an increase in the minimum wage

Using a diagram of the labor market, show the effect of an increase in the minimum wage on the wage paid to workers, the number of workers supplied, the number of workers demanded, and the amount of unemployment.

  What interventions would be useful to address externality

If college education generates a positive externality, show graphically the social loss associated with the private market outcome of college education. Are there any interventions that would be useful to address the externality

  Impact of lowering the speed limit

Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.

  Impact of the instrument on the selected sample population

This assignment is a part of the institutional effectiveness program. It is a common assignment that is required in every section of EDU602. It will be assessed using the grading criteria that align with the program progression requirements provid..

  Determine how often appliance was brought to an authority

For the past four years, Armonco Manufacturing has been offering a three-year limited warranty on all appliances it manufactures. Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability..

  How much did you spend on fruit

Suppose you purchased 5 apples and 3 oranges last week. Apples cost $0.75 per apple, and oranges were $1.00 per orange. How much did you spend on fruit?

  Major aspect of inter-industry trade

1. The cross-boarder exchange of component parts is a major aspect of inter-industry trade in different goods and services.

  What will be the consequences for such announcement

"The Saudi government's long-awaited decision of imposing fees on undeveloped plots within cities, known as 'white land"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd