What is the highest rate the student can accept

Assignment Help Econometrics

Reference no: EM13187554

A student wants to buy a car. The car's sticker price is $24,000. The student cannot afford the dealer's terms - 12% interest for 60 months, because the student only has a $500 monthly disposable income. What is the highest rate the student can accept since he cannot afford the 12% interest rate?

Reference no: EM13187554

Questions Cloud

Composition diagram to explain why fractional distillation : composition diagram to explain why fractional distillation of 2 components is more easily accomplished if the components have boiling points that differ by 20 C or more?

State what is the molarity of the base : what is the molarity of the base? Show clearly all strps of calculation please and a generalized chemical equation

How technology could be used that might affect these trends : 1. Explain why you agree or disagree that Americans seem willing to sell their own privacy cheaply while simultaneously craving private information about one another. 2. Describe what role you think technology has played in these trends towards pri..

State acetate is allowed to react completely with a solution : If a solution containing 48.91 g of mercury(II) acetate is allowed to react completely with a solution containing 7.410 g of sodium sulifide how many grams of a solid precipitate will be formed?

What is the highest rate the student can accept : A student wants to buy a car. The car's sticker price is $24,000. The student cannot afford the dealer's terms - 12% interest for 60 months, because the student only has a $500 monthly disposable income. What is the highest rate the studen..

How much the fed expanded the money supply : suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run? Compare this result to the outc..

State what is the equilibrium partial pressure : In an equilibrium mixture the partial pressures of SO 2 and O 2 are 0.125atm and 0.460atm , respectively. What is the equilibrium partial pressure of SO 3 in the mixture?

State what is the fraction of association : What is the fraction of association for the following potassium propinate solutions? Ignore activities. The Ka of proponoic acid is 1.34*10^-5.

What might shift the aggregate-demand curve : What might shift the aggregate-demand curve to the left Use the model of aggregate demand and aggregate supply to trace through the short-run and long-run effects of such a shift on output and the price level.

User Account

All Pages