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1a. Calculate the balance due, principle payment, and interest payment for each period of a new car loan. the nominal interest is 8% per year, compound monthly. Payments are made monthly for 5 years. The original loan is for $27,000.
1b. On December 1, Anderson purchased a car for $25,000. He paid $7500 immediately and agreed to pay three additional payments of $8,000 each (which includes principle and interest) at the end of 1,2 and 3 years. Maintenance for the car is projected at $1,000 at the end of the first year and $2,000 at the end of each subsequent year. Anderson expects to sell the car at the end of the fourth year (after paying for the maintenance work) for $12,000. Using these facts, prepare a table of cash flows and draw the cash flow diagram.
Which one is more effective comparing with the tools of fiscal policy?
Illustrate what established the permanent membership number in the House of Representatives.
Green home is define as an Energy Efficient Home using Energy Star Rating. The cost doesn't have to be exact, all I need is how to formulate my Cost Benefit Analysis and how to compute my ROI or Pay Back Time.
Which of the following is not an example of a "lag" that diminishes the potential impact of fiscal policy?
A manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating costs by $750 per hour of use, and the upgraded equipment will be used on average 8 hours per day, what is the expected annual savings of upgra..
Classify the following topics as relating to microeconomics or macroeconomics?
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The difference between Real GDP and Nominal GDP reflects the degree to which we are achieving the macroeconomic goal of
Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..
Find an article (newspaper, magazine, or online) talking about any of the core issues or scarcity resources of economics. Use an article to answer the questions: What core issues or resources does the article talk about?
Freemont insurance sells homeowners insurance. In a recent financial review, managers discovered that company performance was lagging behind projections. Does this group have enough information to make a good decision? Suppose adverse selection is at..
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