Normal interest rate charge for this financing arrangement

Assignment Help Business Economics
Reference no: EM131246730

An oil producer has purchased a pumping unit for 30,000 and the loan is to be paid back in 24 equal monthly installments of 1,771.43 per month. calculate the normal interest rate charge for this financing arrangement. calculate the effective interest.

Reference no: EM131246730

Questions Cloud

Economists use to empirically test economic theory : Three tools that economists use to empirically test economic theory are randomized experiments, observational studies, and quasi-experimental studies (natural experiments). First rank the three methods in terms of ability to identify casual relations..
What is the global economy : 1. What is the global economy? Illustrate and explain its' evolution. Is it good, bad or a bit of both? 2. What is the World Trade Organisation? Explain its creation and purpose? Has it proved itself positively in promoting balanced global trade? ..
The primary expenditures of government : Consider the budget of the U.S. government. First, give an overview of the size of government in the U.S. For example, how large is the U.S. government relative to historic trends or other countries? Second, discuss what are the primary sources of re..
Spend the same percentage of any tax cut : Will consumers always spend the same percentage of any tax cut? Why might they spend more or less than usual?
Normal interest rate charge for this financing arrangement : An oil producer has purchased a pumping unit for 30,000 and the loan is to be paid back in 24 equal monthly installments of 1,771.43 per month. calculate the normal interest rate charge for this financing arrangement. calculate the effective interest..
How powerpoint software make business tasks more effective : In what ways can Microsoft PowerPoint be used to accomplish business objectives? How can PowerPoint software make business tasks more effective
What is present worth of profit at interest rate per year : Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of $1100 in each of the last 3 years. If this year's profit (end of year 1) is expected to be $6000 and the profit trend continue..
Compute the market equilibrium outcome : Madison has two residents: Sam and Ryan. Both love to drive. Each resident’sutility depends positively on the weight of his own car (Wr or Ws) and the totalamount of a public good, snow removal, purchased in the town. Compute the market equilibrium o..
Analyze the affordable care law : For your project, analyze the Affordable Care Law in a 9-10 page paper not including the title or references pages. In your analysis you will need to address the following: How all three branches of government were involved in its creation, and the..

Reviews

Write a Review

Business Economics Questions & Answers

  Illstrate effect of capital formation by comparing

illstrate the effect of capital formation by comparing the prodution pissibility curves, at the present time and ten years in the future,for tow economies, one with the high and the other with the olw rate of capital formation.

  Pros-cons of putting price ceiling on prescription medicine

Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from both chapters seen this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first..

  What is the rationale behind the taylor rule

What is the rationale behind the Taylor rule?

  Prices in an economy are indexed to increase

Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax.

  Operated car assembly plant

Volvo A.B., the Swedish auto rm, operated a car assembly plant at Uddevalla in 1988. The idea was to have a small team of highly skilled workers build an entire car. According to the pro- ponents, this would reduce the tedium associated with the conv..

  Consumer sector is the driving force in us economic system

Spending by the consumer sector is the driving force in the US economic system. Although the business and government sectors make a considerable contribution to the success of the economy, it is the spending by the consumer or household sector of the..

  How much is consumer surplus in the monopoly outcome

Refer to the figure below. How much is consumer surplus in the monopoly outcome? a. Area C; b. Area R; c. Area D; d. Area C + D; e. Area C + R + D 37. Refer to the figure below. To maximize profit, what price should the firm charge? a. $18; b. $15; c..

  Case scenario between marginal revenue and total revenue

What is the best case scenario between Marginal Revenue and Total Revenue? Do we want Total Revenue to be maximized and Marginal Revenue to be equal to zero or do we want Total Revenue to be rising and Marginal Revenue to be positive?

  Illustrate the graph for a natural monopoly

Illustrate the graph for a natural monopoly. Where is price efficiency on the graph? Describe three consequences of price efficiency.

  What situation should a company continue to operate

Why and under what situation should a company continue to operate when getting negative economic profits

  Focus is on aggregate demand or aggregate supply

Explain the differences between typical demand side fiscal policy and supply side fiscal policy. For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand or aggregate supply or both.

  Health system bear when it agrees to a bundled payment

An insurance market consists of high-risk patients, who average $40,000 in spending per year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients represent 90 percent of the population. What would average spending be for a ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd