Big attitude bank and super cheap bank

Assignment Help Business Economics

Reference no: EM13733367

You are borrowing money to buy your first house that costs $250,000. You go to the first bank you see, Big Attitude Bank, and they are charging 5% interest. After taking this class, you decide to shop around and find a bank called Super Cheap, that is offering interest at 4.00%. If you make annual payments for 30 years, how much do you pay total for the life of the loan at Big Attitude and how much at Super Cheap Banks, how much total real money would you pay to Big Attitude Bank and Super Cheap bank? How much real money would you save by going to Super Cheap bank?

Reference no: EM13733367

Questions Cloud

Profit-maximizing quantity of bentonite : Suppose that the demand for bentonite is given by Q = 40 ? 0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit i..

What makes this company a success or failure : What are the characteristics that make Irelands international company different from domestic companies? Is this company successful? What makes this company a success or failure?

What was that worth : Espn currently pays the nfl$1.1 billion per year for eight years for the right to exclusively televise Monday night football. What is the net present value of this investment if the parent Disney company has an opportunity interest rate equal to its ..

Draw the production possibility frontiers : Consider two countries, the United States and India, producing two commodities, food and clothing. The United States needs one and a half hours of labor to produce a unit of food and one hour to produce a unit of clothing. Draw the production possibi..

Big attitude bank and super cheap bank : You are borrowing money to buy your first house that costs $250,000. You go to the first bank you see, Big Attitude Bank, and they are charging 5% interest. After taking this class, you decide to shop around and find a bank called Super Cheap, that i..

Two things-eating food and playing online multiplayer game : Dennis is only interested in two things, eating food and playing the online multiplayer game Globe of Gratuitous Violence (GoGV) – a close competitor to world of war craft. Dennis’s utility is given by the function € U(q f , qg ) = 0.25ln(qf ) + 0.75..

Government policy toward foreign direct investment : What is the importance of the political ideology as a key determinant of government policy toward Foreign Direct Investment (FDI)?

Demographic trend that has caused dramatic increases : Currently in the US there is a demographic trend that has caused dramatic increases in the number of students attending universities. The children of Baby Boomers have grown up and are ready for college.

Discuss the ethical issues relating to corporate spending : Discuss the ethical issues relating to corporate spending, both in for-profit and not-for-profit.

User Account

All Pages