About the personal savings account

Assignment Help Business Economics

Reference no: EM131095150

Suppose that Abdul opens a coffee shop. He receives a loan from a bank for $100,000. He withdraws $50,000 from his personal savings account. The interest rate on the loan is 8%, and the interest rate on his savings account is 2%. What is Abdul's implicit cost?

Reference no: EM131095150

Questions Cloud

What is the five-number summary : What is the five-number summary? Were there salary outliers for the Philadelphia Phillies? If so, how many and what were the salary amounts? What is the total payroll for each of the other three teams? Develop the five-number summary for each team..

What is the molecular weight of the unknown : Simplest and most informative way to characterize a carboxylic acid is to determine its neutralization equivalent. The number of carboxyl group in the molecule of the following compound is 1. 0.21 gram of an unknown carboxylic acid solid is dissolved..

Microeconomic environment of corporate operations : 1. Analyze the microeconomic environment of corporate operations. 2. Assess the impact of regulatory considerations on economic decisions. 3. Assess the impact of ethical considerations on economic decisions.

Select product category and profile lead brand personalities : Discussed brand personalities, with brands almost taking on human-like characteristics. In Chapter 9, Jennifer Aaker discusses her brand personality scale (pages 306-307), which includes sincerity, excitement, competence, sophistication, and rugge..

About the personal savings account : Suppose that Abdul opens a coffee shop. He receives a loan from a bank for $100,000. He withdraws $50,000 from his personal savings account. The interest rate on the loan is 8%, and the interest rate on his savings account is 2%. What is Abdul's impl..

Derive the market demand curves : Derive the market demand curves for each individual and the market demand curve for Privet Drive. Suppose the market supply for Harry Potter books in Privet Drive is given by Qs =5 + P. Find the equilibrium price and quantity. How much does each co..

Financial statement construction exercise : Take the following results for JJ's Jammers and create a Balance Sheet and Income Statement in the 2012 columns of the template showing JJ's Jammers 2011 results (In alphabetical order). Make sure you make the embedded calculations for the captio..

Would expect the long-run supply curve for mobile phones : Suppose that as the output of mobile phones increases, the cost of touch screens and other component parts decreases. If the mobile phone industry features pure competition, we would expect the long-run supply curve for mobile phones to be:

Transforming change instructions : Write a report on Intervention: Transforming Change Instructions

User Account

All Pages