What monthly interest rate can you save enough.

Assignment Help Business Economics
Reference no: EM132119144

You are saving up to buy a Toyota Tundra, which costs $35000 now. You don't think the price of the Toyota will change over the next two years. You don't want to borrow to pay any of this cost. You now have $10000 toward the Tundra and can save $850 per month. At what monthly interest rate can you save enough to buy the Toyota in 24 months?

Reference no: EM132119144

Questions Cloud

Series of uniform annual payments : If the company paid $295000 per year for five years, what was the interest rate on the loan?
Discuss the ethical issues presented in the scenario : A counselor has been treating a client, Jay, who was recently in a bad accident that left him bedridden and partially paralyzed.
Benefit resulting from the police surveillance program : What is the net social benefit resulting from the police surveillance program (Hints: specify who would you give standings in your analysis.)
Time of jurors in a criminal justice program : Clearly explain how closely do government expenditures measure opportunity cost for the following:
What monthly interest rate can you save enough. : You now have $10000 toward the Tundra and can save $850 per month. At what monthly interest rate can you save enough to buy the Toyota in 24 months?
Denote the body temperature : Let x denote the body temperature (measured in degrees Fahrenheit) of a human being. Suppose that across all humans, x follows some unknown distribution
Make the ethics of selfishness work : Egoism seems like a very difficult theory to justify, how could you make the Ethics of Selfishness work?
How sports psychologists can teach sport coaches : Prepare a 10-minute proposal for a research project demonstrating how sports psychologists can teach sport coaches to employ shaping and chaining, reinforcement
Calculate the return on equity ratio : A company has net income of $17.60 million. Stockholders' equity at the beginning of the year is $52.55 million. The return on equity ratio is approximately

Reviews

Write a Review

Business Economics Questions & Answers

  Qin 2009-2010 when the economy was in a deep slump the fed

q.in 2009-2010 when the economy was in a deep slump the fed had taken interest rates to zero increase in money supply

  Illustrate what was the marginal cost

Illustrate what was the marginal cost of the 251st unit of output.

  Temporary and permanent damages on the incentives

Contrast the difference between temporary and permanent damages on the incentives of people to build new houses near the cement factory

  Explain why dose the profits of firms that buy their inputs

Explain why dose the profits of firms that buy their inputs in perfectly competitive market and sell their output in imperfectly competitive markets tends to increase when there is excess supply

  Would you be tempted to make a campaign contribution

The issue is that you need to imagine you need a permit to add liquor to your restaurant menu to increase your profit. You have tried for years to get one, with no results. You have a friend in the government who offers to help you if you make a larg..

  Recall the quantity equation-use liquidity preference

Recall the quantity equation, MV = PY. In the Classical framework using the quantity equation, a 5% increase in M causes a 5% increase in P without affecting Y. Bearing in mind the effect of a decrease in interest rates on investment spending and rea..

  Terminal flower position pea plant

On pea plants, the location of flower growth is an inheritable trait. Axial flower position is dominant over the recessive trait of terminal flower position.

  Describe the demand and marginal revenue curves faced

Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition?

  Competing firms might simply match the price cut

Also, these companies are afraid of cutting their prices for fear of 'price war' i.e. rivals/competing firms might simply match the price cut.

  What were her marginal and average tax rates

The income tax requires that taxpayers pay 10 percent on the first $50,000 of income and 20 percent on all income over $50,000.

  Find the value of savings at equilibrium y

Find equilibrium Y in the basic Keynesian model (round Y to the nearest whole number) What are the values of BS and NX at the equilibrium level of Y? Find the value of savings at equilibrium Y.

  Extra ink car­tridges and the usb cable

Jann offers to buy a laser printer, with a case of paper, two extra ink car­tridges and the USB cable, from Super Office Supplies for $200. Ryan

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd