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A person needs 120 000 immediately as a downpayment on a new home. Suppose that she can borrow this money from her company credit union, she will be required to repay the loan in equal payments made every six months over the next 12 years. The annual interest rate being charged is 10% compounded continuously. What is the amount of each payment?
At x=11, is there enough evidence to support the administrators claim? Find the standardized test statistic z, and its corresponding area. z=?
indicating how it will influence your decision to open the pizza business in your town or community. Explain any additional variables that may improve the coefficient of determination.
How much interest will we pay at the end of a ten-year period if we are getting a loan of $15,000 at a simple interest rate of 8% per year. What is the total amount we will owe at the end of a five-year period? We deposited $1,000 at an interest rate..
How do I find the level of output (Q) that revenue is maximized?
Federal Reserve System: What are the main powers and responsibilities of the Federal Reserve System? What are its two mandates and some of its other goals?
Show why this equilibrium point is unique, i.e. if we are not at point E, illustrate what would happen in this economy.
Angela consumes only two goods, x and y. Her income doubles and the prices of the two goods remain unchanged. Assuming that she is a utility maximizer and likes both goods,
Economists reason that the optimal decision is to continue any activity up to the point where the. Economics does not study correct or incorrect behaviors but rather it assumes that economic agents behave ________, meaning they make the best decision..
You win the $20 million state lottery, and you have a choice of taking an amount of money per year for the next 20 years or a flat payment now. The flat payment that the state offers you is $9.82 million. What discount rate is the state using?
Explain how the Heckscher-Ohlin theorem is obtained, using either the “physical” definition or the “price” (or “economic”) definition of relative factor abundance.
If 9 people are chosen at random, what is the probability that exactly 7 of them favor the new building project?
(a) Compute the annual depletion (each year may be cost-based or percentage-based). (b) What is the PW at i = 12% of the depletion schedule?
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