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Question: 1. On December 31, George Smith buys a building for $175,000, paying 20 percent down and agreeing to pay the balance in 20 equal annual installments that are to include principal plus 15 percent compound interest on the declining balance. How much are the equal installments?
2. You wish to borrow $50,000 for a home mortgage. The quoted interest rate is 11 percent compounded monthly for a 25-year mortgage.
A. What annual percentage rate is equal to 11 percent compounded monthly?
B. What will your monthly mortgage payments be (assuming that they are paid at the end of each month)?
What is the balance due on the original mortgage if 20 payments have been made in the last five years? What is the difference between the equal quarterly payments on the present bank loan and the proposed insurance company loan?
Bonka Toys is considering a robot that will cost $20,000 to buy. After 7 years its salvage value will be $2000. An overhaul costing $5000 will be needed.
Describe the key themes of your campaign and link them to how your business, service, or product will satisfy your target market needs.
What are the most common kinds of transfer payments at the Federal level? At the state and local level? What are the principal differences between government.
Need instead of depending on government support?
The widget industry in Springfield is competitive, with numerous buyers and sellers. Consumers don't differentiate among the various brands of widgets (no product differentiation). The industry demand curve is given by: Qd = 998 - 5Pw + 4 Y - 6Pg
What would the new price have been? What do you think the new price of bread was? What was the new value of the GDP deflator for the Seven Kingdoms?
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers.
Jeremy is deeply in love with Jasmine. Jasmine lives where cell phone coverage is poor, so he can either call her on the land-line phone for five cents.
What role should our government play in Price Ceilings?
What impact does time have on the slope of demand curve and why? Why does the definition of the market impact the elasticity? Is the elasticity of a linear demand curve constant and justify your answer?
Explain how monetary policy affects interest rates and aggregate demand. Analyze how fiscal policy affects interest rates and aggregate demand. Evaluate why policymakers face a short-run trade-off between inflation and unemployment.
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