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Look at the interest owed over a 30 year span and begin thinking about a 15 year loan. After putting 20% down on a $220,000 house, Imagine that you borrow $176,000 for 15 years. The interest charged will be lower given the shorter life of the loan.
What are your scheduled monthly payments on $176,500 at 3.5% over 15 years?
Look at the first payment you will make. How much of the payment goes toward interest and how much goes toward principal on this loan? How much total interest will you pay over the course of a 15 year run on this loan?
Consider the recipient's perspective in the global impact of development versus relief aid. Suppose a fixed amount of aid b is given to each worker in a developing country and that donors commit to continue these aid flows indefinitely.
If you chose not to buy a house and you put $1000 per month into the bank at 6% annual interest rate for 30 years, how much would you have at the end of the 30 years?
List five factors that affect the price of a European put option on a no dividend paying share.
Discuss ONE strength OR ONE weakness of capitalism. Do we have any government (federal or state) policies designed to take advantage of the strengths? What are they and how do they work? Or, alternatively, do we have any government policies that atte..
The XYZ Company is a porfit-maximizing firm with a monopoly in the production of UIC sweatshirts. The firm sells UIC sweatshirts for $25 each. We can conclude, therefore, that XYZ Company is producing at a level of output at which: Assume a monopolis..
If Jim is putting money into a savings account. He puts in $100 monthly. At the end of each year he gets a $500 bonus from work that he also deposits. If the savings account has a 5% interest compounded monthly, what will his future savings be in 5 y..
How is the price of health insurance measured? What happened to the price of health insurance in the United States from 1950 to 1980? What has happened since 1980? Why?
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
The US government decides to introduce a tax on a given market to increase government revenues that can be used to finance the provision of public goods. What are the consequences of introducing a tax on a labour market and on a product market? Why d..
Player 1 ("hider") and Player 2 ("seeker") play the following game. There are four boxes with lids, arranged in a straight line. For convenience, the boxes are labeled A, B, C, D. The admin of the game gives player 1 a $100 bill, and player 1 must hi..
Currently there are 2.9 workers for every retiree. Average salary is $50,000 and average benefits are $15,000. What is the average tax rate consistent with a pay-as-you-go system in equilibrium? n her novel “Sense and Sensibility”, Jane Austen wrote,..
What exactly does the z score explain about the data set? Does it matter if the z score is positive or negative?
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