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Question: George buys a car every 6 years for $18,000. He trades in his current car to count as the 20% down payment. The rest is financed at a nominal 12% interest with monthly payments over 6 years. When the loan is paid off, he trades in the car as the "20%" down payment on the next car, which he finances the same way
Jeanette has similar tastes in cars, and the dealer will count her trade-in vehicle as worth 20%. She has paid cash for old cars in the past, so she now has $14,400 in cash for the other 80% cost of a new car. In 6 years, her vehicle will be worth the "20%" down payment. She wants to make a monthly deposit so that she has the other 80% of the vehicle's cost in 6 years. Her savings account has a nominal annual interest rate of 6% with monthly compounding.
What is George's payment? What is Jeanette's deposit? If Jeanette also deposits the difference in a retirement account that pays 9% nominal interest with monthly compounding, what does she have for retirement after 40 years?
In what decades did labor unions gain the most members? Which of the following is not true about the theory of the dual labor market? Real wages have fallen since 1973 for all the following reasons except.
An executive from a large merchandising firm has called your vice president for production to get a price quote for an additional 100 units of a given product.
What are some ways you have encountered E-government in your life. What are the advantages and disadvantages for you? What might be some advantages and disadvantages for the government entities you listed?
Bob just finished taking his First Midterm in Statistics 101. The midterm had a total of 40 points and Bob scored 30 points. What was Bob's score stated as a percentage
For the next five years, Hewlett-Packard raised its prices five times, and each time Canon followed suit within 24 hours. Does the pricing behavior of these computer industry firms follow the cartel model or the price leadership model? Why?
The various financial indicators suggest that this setting of monetary policy is exerting a degree of restraint on the economy and the high exchange rate and subdued consumer spending are putting downward pressure on some prices, although increases ..
If a fixed number of industrial pollution permits are marketable, then we should just sell the right to smoke to the highest bidders rather than ban smoking outright in many cities, towns, business outlets, bars and restaurants. It would reduce the e..
the rocky mashed potato factory produces output at c q2 marginal costs 2q where q is the quantity of mashed potatoes
What is the purpose of the buyer and the seller performing due diligence? What other parties might want to perform due diligence on the target firm?
analyze the effect of externalities on market outcomes. differentiate among horizontal vertical and conglomerate
Is this a shortsighted policy or a rational one in view of the interests of union members? How does the answer depend on the model of trade?
What is Sam's opportunity cost of making one mini-sandwich? What is Sam's opportunity cost of baking one melon appetizer?
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