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Question: An engineering student bought a car at a local used car lot. Including tax and insurance, the total price was $6000. He is to pay for the car in 12 equal monthly payments, beginning with the first payment immediately (in other words, the first payment was the down payment). Nominal interest on the loan is 12%, compounded monthly. After six payments (the down payment plus five additional payments), he decides to sell the car. A buyer agrees to pay a cash amount to pay off the loan in full at the time the next payment is due and also to pay the engineering student $2000. If there are no penalty charges for this early payment of the loan, how much will the car cost the new buyer?
A local finance company will loan $10000 to a homeowner. It is to be repaid in 24 monthly payments of $499 each. The first payment is due 30 days after the $10000 is received. What interest rate per month are they charging?
Given the above information, who has the absolute advantage in producing bananas? Given the above information, who has the absolute advantage in producing fish
An individual wants to ensure that in 15 years' time, when they plan to retire, they will have a pension fund of £240,000.
aggregate demand involves the purchasing actions taken by consumers businesses governments and the spending by u.s. and
Calculate the monetary base MB, M1, and M2. Are there any excess reserves in Princeton Bank? Are there any excess reserves in the economy as a whole - Calculate the multipilers for M1 and M2.
There are literally several elected officials across the U.S. at the local, state, and national levels. The 2-major political parties remain as important to election and reelection of public officials today as ever before.
How do these things affect the U.S market of foreign-currency exchange and on net capital outflow (NCO): A tax reform that imposes higher capital gains tax to Americans involved in offshore banking?
There are two firms in an industry where the consumer demand function is: P= 160 – Q/2. The firms produce identical goods, and each firm has a constant marginal cost of $10. They engage in Bertrand competition.
given an mpc of .8 if the equilibrium level of aggregate expenditure is 80 billion and there is a reduction in
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a. Calculate the equilibrium price and quantity that will prevail under a completely free market.
An article in American Demographics reports that 67% of American adults always vote in presidential elections.5 To test this claim, a random sample of 300 adults was taken, and 192 stated that they always voted in presidential elections. Do the re..
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