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Erin grew tired of her old furniture and went shopping. A local store offered credit at an APR of 12%, with a maximum term of 4 years. The furniture will cost $5,000 -- with no down payment required. Using Table 7-2 in your textbook, calculate the following:
a) What is the amount of her monthly payment if she borrows for 4 years?
b) What is the amount of the finance charge over that 4-year period?
Please show work if applicable
Suppose that I could sell 100 zercs over the next week for five dollars each. Two to produce this many I need $100 worth of wood, $50 worth of pliers steak and $30 worth of other material. I also need to hire two workers and pay them $75 each, And I ..
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pecifies that the real wage will rise by 10 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.1 in the second year. Illustrate what dollar wage must be paid in the second year.
Which of the following is not a motive for holding money in? Keynes's liquidity preference? theory?
Suppose that the money demand function is (M/P)d = 800 - 50r, where r is interest rate in percent. The money supply M is 2,000 and the price level P is fixed at 5. a. Graph the supply and demand for real money balances. b. What is equilibrium interes..
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Fred Smith, the inventor of FedEx, came up with a new product called Zap Mail in the mid 1980's. Zap mail, although a monopoly, was not successful. The company lost about $390 million on Zap Mail before the product was eventually discontinued. -- Dra..
the changes that would occur to the jalapeno pepper market if suddenly Mexican food became popular, especially spicy Mexican food.
If C = 1000 + 0.75 x DI while investment is I = 2000 – 20r. If government expenditures are 0, the tax rate is 1/3, what is the equation of the IS curve? What are the values for r-intercept and the Y intercept?
1) State the null hypothesis and alternative hypothesis (round to 2 decimal places)
A simple model of search. Consider an agent who lives two periods. He is unemployed at the beginning of the first period and has a wage offer of w. If he accepts the wage offer w, he will work forever at that wage. What is the expected value of the p..
Differentiate between how hospitals and physicians are reimbursed. Include government entitlements such as Medicare and Medicaid.
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