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George bought a car for $26,500. He made a down-payment of $4,500 and financed the rest on a 5-year term with a monthly payment of $575.
a) What is the interest rate per month for the loan?
b) What is the nominal interest per year?
c) What is the effective interest per year?
What are the five myths about economic recovery? What are the arguments that the private sector will be slow in creating jobs in this recession?
We've talked a bit about decision making and strategic planning in the class so far, and this discussion thread lets us focus on the qualitative and quantitative aspects involved with making decisions. Can you think of a time you had to make a major ..
Mr.A makes $50,000 a year and pays $10,000 in taxes. Ms.B makes $30,000 a year and pays $6,000 in taxes. Find the tax rate and after tax income for each of them. Identify what type of tax this is. Find the net exports and solve for the level of aggre..
Explain why China has in recent years been manipulating its exchange rate relative to the dollar, and how it effects this currency manipulation
Grocer orders 100 Grade A eggs from Farmer per month at market price for a period of three years. Farmer delivers Grade A eggs every month for one year, but Grocer began rejecting the eggs claiming that the market price for eggs was too high. Does th..
Which of the following questions from investors is best answered from the Income Statement?
A cousin of James Darwin, examined the relationship between the height of children and their parents
Suppose that you test the Linder hypothesis by comparing Germany’s absolute difference in per capita income from each of its trading partners with the size of Germany’s total trade with each respective partner. You find a strongly negative correlatio..
What is the difference(s), if any, between the unemployment rate and the natural rate of unemployment? Discuss.
Variable costs are costs that:
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
Under what conditions are cournot and bertrand equilibria the same? You may assume the market demand is p = a ? bQ. Consider when firms are identical and different. If not, please explain why.
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