Annual interest rate of approximately

Assignment Help Macroeconomics
Reference no: EM131111087

Please show your working-A person borrows $200 from a payday loan company, and pays $10 interest for two weeks. This would result in an annual interest rate of approximately ___ percent. Ignore compounding.

Reference no: EM131111087

Questions Cloud

The pattern-analysis rules to the control chart : University of Waterloo (Canada) statistician S.H. Stciner applied control chart methodology to the manufacturing of a horseshoe-shaped metal fastener called a robotics clamp (Applied Statistics, Vol. 47,1998).
The piston on the double-acting cylinder : 2a)When the piston on the double-acting cylinder is retracted (completes the instroke), the piston activates the roller control the left side of the 5/3 pilot valve, releasing air at the top left of the 5/3 and causing the piston to outstroke. Air in..
How should a business use working capital analysis : Compare and contrast the Internal Rate of Return (IRR), the Net Present Value (NPV) and Payback approaches to capital rationing. Which do you think is better? Why? Provide examples and evidence from two articles from ProQuest to support your posi..
Write a program that demonstrates the class : Write a program that demonstrates the class. The program should ask the user to enter a temperature, and then display a list of the substances that will freeze at that temperature and those that will boil at that temperature. For example, if the t..
Annual interest rate of approximately : Please show your working-A person borrows $200 from a payday loan company, and pays $10 interest for two weeks. This would result in an annual interest rate of approximately ___ percent. Ignore compounding.
The process under statistical control : In their text, Quantitative Analysis of Management (1997), B. Render (Rollins College) and R. M. Stair (Florida State University), present the case of the Bayfield Mud Company. Bayfield supplies boxcars of 50-pound bags of mud treating agents to t..
Describe one organization/agency that would be involved : Describe one organization/agency that would be involved in care delivery for your hypothetical patient. Provide specific details related to: The geographic location in which it is located an dThe primary diagnosis of your hypothetical patient.
Quotations for numerous currencies : The "Market" section of the Bloomberg website provides interest rate quotations for numerous currencies. Its address is www.bloomberg.com.
To monitor the performance of the machine : A machine at K-Company fills boxes with bran flakes cereal. The target weight for the filled boxes is 24 ounces .The company would like to use an -chart to monitor the performance of the machine.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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