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Calculating the net costs of checking accounts. Determine the annual net cost of these checking accounts:
a. Montly fee $4, check-processing fee of 20 cents, average of 23 checks written per month
b. Annual interest of 1.5 percent paid if balance exceeds $750, $8 montly fee if account falls below minimun balance, average monthly balance $815, account falls below $750 during four months
Illustrate what advice would you offer Kyle also Chad when they are ready to present their business plan to a banker.
A payment of $2,000 will be realized today with additional payments of $1,000 at the end of each of the next 5 years. Assume a nominal interest rate of 20% is appropriate and calculate the following: Determine the future value of all the payments at ..
To reduce her personal carbon footprint, Zooey is buying a new hybrid. She has negotiated a price of $21,900 and will trade in her old car for $2350. She will put another $850 with it and borrow the remainder at 6% interest compounded monthly for 4 y..
Assume Fed expands money supply, however because public expect this Fed action, it simultaneously raises its expectation of cost level. Illustrate what will happen to output and cost level in short run.
The economy has no government expenditure and does not have any foreign trade at present but it does have investment expenditure, which is constant at €150. Determine the equilibrium level graphically
One critic of the North American Free Trade Agreement argued that "it can't be in our interest to sign this deal; Mexico gains too much from it." What does the theory of the gains from trade have to say about that criticism?
PSYCHOLOGY/TRAGEDY OF COMMONS What is an example of free rider retaliation as it pertains to tragedy of the commons and exploitation of resources. What is an example of free rider retalliation that would break apart the effectiveness of altruistic pu..
1. Compare numeric and symbolic processing techniques. 2. Do you agree that using speech communication as the user interface could increase willingness to use expert systems? Why or why not?
After a few years of monopoly, the family that owns the Coca-cola monopoly gets in a fight, and they split the company in two. Now there are two large Coca-cola retailers in your area, and each retailer must decide whether to charge a high or low pri..
Which of the following would cause the real exchange rate of the U.S. dollar to depreciate?
If it makes sense that one type of labor can substitute for another in production, how can capital, a physical object, substitute for labor, a human being?
What constraints does the consumer who follows Biblical principles have on his consumption that a non-Bible believing consumer would not have?
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