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Question: 1. In 2014, the average debt for college student loans is $28,700. This amounts to a $330 monthly payment for a "standard" loan repayment plan over 10 years. What monthly interest rate is being charged on this typical student loan?
2. A 45-year-old person wants to accumulate $750,000 by age 70. How much will she need to save each month, starting one month from now, if the interest rate is 0.5% per month?
1. A research study performed at checkout lines at Publix Supermarket in South Florida revealed that between 4pm and 7pm on weekdays there is an average of 4 customers waiting in line. What is the probability that you visit a Publix today during t..
Your write-up should introduce your solution to the project by describing the problem. Correctly identify what type of problem this is. Change the price for chocolate to $2.10 and run the model once again. Explain how changing the price affects the..
Suppose a health insurance company identifies each member with a 7-digit account number. Define the hashing function h which takes the first 3 digits of an account number as 1 number and the last 4 digits as another number; adds them, and then app..
What is the residual standard error associated with the regression of alt_cur and CCbest?
Consider a two-person/two-good exchange economy, illustrated by a box diagram as in Figure. Illustrate a three-step process of Walrasian adjustment.
A journalist observes that the total number of Facebook users, between 2010 and 2015, can be modeled by the linear equation u = 213t - 1740 (10 ≤ t ≤ 15) where u is the total number of Facebook users in millions, and t is the number of years since..
You are purchasing a business building valued at $225,000. You can find a mortgage at 5% if you can put 20% down. You believe your business can support a $1,000 a month mortgage payment (not including taxes and insurance). Should you select a 25 y..
The American Association of Individual Investors (AAII) polls its subscribers on a weekly basis to determine the number who are bullish.
Assume that a monopolist sells a product with a total cost function TC = 1,200 + 0.5Q2 and a corresponding marginal cost function MC = Q.
Suppose that in a monopoly union framework the union maximises its wage bill and the firm's labour demand curve can be approximated by a straight line.
A finite of length L that is fixed at both ends and is release from rest with an initial displacement will have the following mathematical description by the wave equation:
You can elect to carry any portion of each cargo, and cargoes can be mixed together in the various holds. How many tons of each cargo should you carry to maximize the total revenue for the voyage?
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