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You have just negotiated a home mortgage with a principal of ?$400,000. The? bank's quoted rate is 6.3?%. You chose a 35?-year amortization and you decide to make 12 payments per year. Each mortgage payment is ?$2,339.85. How much interest do you pay in the first? year? Express your answer as a percentage of the total value of your mortgage payments in the first year.
The interest as a percentage of the total payments in year 1 is? Answer should be rounded to four decimal places
The Motor Carrier Act of 1980 resulted in:
If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?
How large is the bias in the CPI due to not immediately incorporating new goods.
Wal-Mart charges $20 for the new Ghostbusters DVD and sells 400 copies per month. Then they reduce their price to $18, and sell 500 per month. Assuming a linear demand curve, find the optimal price to charge if the goal is to maximize revenue.
a. Calculate the present value of net benefits for the project using the analysts' predictions.
Suppose there are two goods, labeled x, y. A consumer has a budget of w = 220. Suppose the following two consumption bundles: (x = 4, y = 10), (x = 6, y = 4) all cost the consumer 220. (a) What’s the price ratio between the two goods? Namely what’s p..
In recent years, China’s central bank has been attempting to combat a significant real estate bubble by increasing banks’ required reserve ratio. What are Chinese policy makers seeking to achieve?
Use an example to illustrate an explanation of why moving from a total catch restriction to a quota system is likely to lead to better biological
In a two year setting Rod has earnings of $ 8 000 this year and earnings of $ 25, 0 00 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line? What is the inter pret..
The country of Alcazar has been growing at an impressive pace for the last five years. With improvements in technology, many industries have recorded remarkable growth in productivity. The health sector which has the lowest level of productivity empl..
What categorization can real-time data deliver? What are some examples of real-time Business Intelligence applications? Do you think theses examples really provide information in "real-time"?
Positions on whether the Constitution should be amended to require a balanced budget reflect opposing views about whether such an amendment would be an appropriate solution to the problem of persistent federal deficits and growing federal debt. Shoul..
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