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Big Dom's Pawn Shop charges an interest rate of 27.5 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.
What rate should the shop report? (Do not round intermediate calcualtions. Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)
APR %
What is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
EAR %
You decide to upload your recent project to a programming community website for feedback, and one thing that community users keep pointing to is the lack of exception handling.
Which of the following scenarios will most likely shift the supply of cars to the left (decrease in supply)? -The price of cars decreases. -The price of automotive paint decreases. -The price of steel and aluminum increase. -Automobile workers become..
Provide some examples of brands that have garnered success and have not garnered success with social media. Based on the comparison, what are the key ingredients to getting consumers to engage with a brand? Share pictures or links to assignment brand..
What is the MULTIPLIER effect? How does it work? remember that we’re talking about the spending multiplier here, not the money multiplier that operates on the money and banking side of the economy)
A firm has just increased its price by 35 percent over last year’s price, and it found that quantity sold decreased by 45 percent. The firm comes to you and wants to know its price elasticity of demand. What additional information would you search fo..
The control function of the federal reserve system is divided into quantitative controls and qualitative controls. What is meant by the term "qualitative"?
An outcome that can result from either a price ceiling or a price floor is:
Explain, in economic terms, how this arrangement with Delta and United could have caused the value of SkyWest to increase so dramatically even though it limited the amount of profit the company could earn.
The internet has become a major hub for conversations, this has connected all on the web and allows eMarketers to track all conversations that take place and this provides an understanding for all parties. how would you measure the effectiveness of t..
When monetary policy reduces interest rates,
For Canada, the expenditure effect generated by the U.S. tax cut and the spillover effects of increased defence spending will push the Canadian economy further into an economic recovery.” a) How will the U.S. tax cut and the increased U.S. defence sp..
A market basket of goods and services that costs $100.00 in the United States costs 800 pesos in Mexico, and the current nominal exchange rate is 10 pesos per U.S. dollars. Over the next five years, the cost of that market basket rises to $120 in the..
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