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Four years ago a person borrowed $15,000 at an interest rate of 10% compounded annually and agreed to pay it back in equal payments over a 10 year period. This same person now wants to pay off the remaining amount of the loan. How much should this person pay? Assume that she has just made the 3rd payment.
The goal of the discussions is to share concepts, theories, ideas, and to learn from the collective knowledge and experience of your peers and instructor.
Suppose there is a bill to increase tax on cigarettes by $1 per pack coupled with an income tax cut of $500. Suppose a person smokes an average of 500 packs of cigarettes per year--- and would thus face a tax increase of about $500 per year from the ..
What financial impact can changing foreign currency exchange rates have on a multi-national company?
Ben quit his job as an economics professor to become a gold professional. He gave up his $30,000 salary and invested his retirement fund of $50,000 (which was earning 10 percent interest) in this venture. After all expenses, his net winnings were $35..
You will explain culture and cross-cultural risks as well as explain culture's effect on international business.
Show each of the following events on a bank’s T-account:
Suppose you purchase a 30-year, zero-coupon bond with a yield to maturity of 6%. You hold the bond for five years before selling it. If the bond's yield to maturity is 6% when you sell it, what is the internal rate of return on your investment?
In a perfectly competitive market for coal, consumers’ benefit function from consuming tons of coal , is given by B(Q)= -.25Q^2+240Q In addition, the coal producer has a cost function given by: ?C(Q) =.1Q^2 +2Q. Suppose the government imposes an ad v..
Are the salaries received by professional sports athletes outrageously high? Should the CEO's of financial institutions receive more monetary compensations than entertainers, since their jobs contribute more to the development of the country? What ar..
What specifically do living wage ordinances call for? How is the living wage different from the minimum wage?
Under what circumstances should employees be ineligible for public or private disability and life benefits? Discuss the rationale for your answer. Are the expenses associated with providing public and private programs serving the best interests of so..
Describe the role of nursing in the field of epidemiology. Compare and contrast the key features of descriptive epidemiology with those of analytic epidemiology
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