A 20-year loan of 100,000 is to be repaid with payments at the end of each year. It can be repaid under the following two options. Equal annual payments at an annual effective rate of 7.00%. Installments of 5,000 the first year and increase by k each year thereafter with a final payment of 5000 19k. Interest is at an annual effective rate of 6.00% for the 2nd option. How much more interest is option ii paying relative to option i

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.