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You are in the process of deciding to buy a car. You found a brand new Hyundai Elantra for $22,000. You read the reviews and they all sound good. You plan to keep it for 5 years. You do some rough calculations on the amount of expenses which includes oil changes three or four times a year, one set of new tires during the 5 year period, one set of breaks, one major change of all the fluids and few other things. It comes to about $150 per month on average or $1800 per year for the 5 years. At the end of 5 years you plan to sell or trade it in for $5000. A friend of yours calls you with great news about a used car that is available for purchase. An elderly woman who used the car only to go back and forth to church and short distances wants to get rid of her car and it has very low mileage. She will sell it to you for a very low price of $12,000. You are now thinking about the $10,000 immediate savings. You also know the maintenance and the repair costs are going to be higher than the $150 per month you projected for the new car. This may need some engine work or transmission work and you estimate $250 per month or $3000 per year. You also estimate that at the end of the 5 year period the car may only be worth $500. On the basis of yearly cost, can you calculate the difference between these two cars and make the best decision. Also. Calculate the present worth.Your TVOM is 10%.
Why would a country employ the use of a guest worker program? Why would a country include offshore assembly provisions in its tariff code?
How much profit does each firm earn. Ignoring antitrust considerations, would it be profitable for your firm to merge with Fasten It If not, explain why not; if so, put together an offer that would permit you to profitably complete merger.
Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.
What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
Since producers must be compensated for the rising opportunity cost that accompanies increases in output,
Does the estimated equation provide evidence in support of the CAPM for stock
what is the opportunity cost of producing a unit of wheat in the united kingsom? In the united states?
Calculate the present value of an annuity with annual deposits of $10,000 at 7% for 10 years. Determine the monthly payment to amortize a $250,000 debt at 3% for 30 years.
The real interest rate is defined as: The loanable funds theory states that ________ is(are) determined by the ________ for loans. Which of the following are assumptions of the loanable funds theory? Which of the following are assumptions of the loan..
There's a lot more out there in the optional and supplemental readings as well as the wide wonderful world of the Internet to give you a feel for what's working and what's not in this area; the more widely you can spread your own information gathe..
What is the best way to use static supply and demand theory to analyze a dynamic world which is constantly changing?
In 2008, the price of crude oil (per barrel) set an all-time record of approximately $147 and then sank to near $40 by the end of the year. Since crude oil is a resource that is used in many industries, how would these changes in price impact of 3..
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