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The Credit Company offers to loan a college student $6300 for school expenses. Repayment of the loan will be in monthly installments of $266.73 for 30 months. The total repayment of money is $8,001.90, which includes the original $6300, $1248.01 in interest charges, and $453.89 for a required life insurance policy covering the amount of the loan. Assume monthly compounding of interest. What nominal interest rate is being charged on this loan? The nominal interest rate that is being charged on this loan is ..........% per year?
The utility is given byu(x, y) = xy + y. What are the demand functions for x and y. Describe how demand curves for x and y are shifted by changes in I or the price of the other good.
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
Currently, every book it sells is priced at $10.50. Show strategy to offer a discount that lowers the price of a book to $9.50, a 10% reduction in price using the midpoint formula.
Other things held constant, would the calculated capital intensity ratio change over time if the company were growing and were also subject to economies of scale and/or lumpy assets?
Suppose a candidate who runs on a platform of soak the rich wins the 2012 presidential election. After being elected, he or she persuades Congress to raise the top marginal tax rate on the federal personal income tax to 65%.
Suppose the real interest rate is 3%, the real growth rate is 2%, the money multiplier is 4, banking innovations are decreasing the demand for money by 1% per year and the money supply is growing at 10% per year. What should be the price of a T-bill ..
Which of the following is critical for a firm adopting a long-term cost-reduction strategy?
We say that the consumption bundles that Mei can afford but that do not use up her entire income lie:
The research department of Wilson has discovered a new technology on how to make more durable tennis balls and is considering whether or not to adopt the new technique.
Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical life? 4. Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical lif..
Changes in tax laws and deliberate government purchases that are made to help the economy recover from a recession are known as ____________.
q.many developing countries in the global south turned to socialism in the past as a means to solve their economic
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