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Question
1. An engineer has just borrowed P8000 from a local bank. at the rate of 1% per month on the unpaid balance. His contract states that he must repay the loan im 35 equal monthly installments. How much money must he repay each month?
2. A man plans to buy a P150, 000 house. He wants to make a down payment of P30, 000 and to take out a 30years mortgage for the remaining P120, 000, at 10% per years, compounded monthly. How much must be repay each month?
3. Glenn borrowed money from a bank. She received from the bank Php13, 420 and promised to pay Php15, 000 at the end of 9months. At what simple interest did the bank charge?
In a specific sample size of 100, what is the range within the groups average iron level would be considered ususal?
The return that investor needs for investment in his portfolio needs to be considered. An investor who need less return shall have his portfolio invested
Either design will serve equally well and will involve the same material and manufacturing costs excluding the lathe as well as drilling operations.
What are the likely implications of the shortage of nurses on the quality of care given in U.S. hospitals?
Using a budget constraint and a map of indifference curves, show graphically and explain whether the following statement is true. If all prices double and the consumer's income also doubles, there will be no change in the equilibrium bundle of goods ..
Why would the Australian government debt be consider not too high?
Some recently visited popular priced comparison sites. Why might these retailers offer different prices to those who have and have not recently visited price comparison sites? If different prices are offered, which group will be offered the lower pri..
Suppose the Fed purchases $1,000 worth of Treasury bonds. Suppose also that the required reserve ratio is 10%. How much money will be created in the banking system?
Consider two competitive consumers who have the same endowment, with positive current income plotted on the horizontal axis and positive future income on the vertical axis. Each consumer’s current income is taxed at the rate t1 and future income is t..
Elucidate unemployment in relation to the Phillip's curve with an appropriate sketch.
If 7,218 of the Ahmadi cell phones were priced at least $119.00, how many cell phones were produced by Ahmadi, Inc.?
According to the theory of rational expectations, individuals will respond to expansionary monetary policy by:
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