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1. Barb Jones wants to buy a new home, which costs $87,500. Barb is planning to make a 10% down payment. If Barb can obtain a loan at 9% with monthly payments, how much will each payment be if the loan is paid off over 30 years? Ignoring the time value of money, how much money could Barb save if the loan was for 20 years at 9% interest and a 15% down payment?
2. Cranford Cranberry Bogs just purchased new water- whipping equipment for $100,000. Cranford agreed to repay the loan over a period of 10 years with semi- annual payments. The loan's interest rate is 8%. Determine the payment amount and the total finance charge.
suppose that you are the chief economic advisor to the president of the united states. you are asked to propose a
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based on a survey of 1000 adults by greenfield online and resported in a may 2009 usa today snapshot adults 24 years of
Peter Higgins is a sales agent for XZY Company. He has an effort cost function of C = e2 and a reservation wage of $1,500. His wage package is W = 1,500 + 0.2Q where the CEO sets the incentive at 0.2 and Q = 200e. Q is the output. If the CEO increase..
What is economics - What role does economics play in your personal and organizational decisions?
Professor Michael Porters generic strategy options for competing are the differentiation approach and cost leadership approach. The first involves competing by having the better product and second by having lower cost that ones competitors. Relate..
Crepe Creations is considering franchising its unique brand of crepes to stall-holders on Hermoza Beach
education is an example of a positive externality acquiring more education benefits the individual student and having
As the skill level (and therefore earnings rate) of, say, an architect, computer specialist, or chemist increases, what happens to his or her opportunity cost of doing other things? How is the time spent on leisure likely to change?
You' ve been hired as an economist to reconstruct the missing numbers by calculating for 2002: a. GDP. b. Corporate profits. c. Capital consumption allowance. Can anyone help me with this??
Inflation is an important policy issue because it causes a redistribution of income and wealth, and discourages saving and investment. Discuss how inflation affects borrowers and lenders, asset prices, and households on fixed incomes.
Johnson Inc. is notified that local property taxes have raised. Johnson's economist states this will increase our cost of production and shift up our average total cost curve, average variable cost curve.
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