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New engineering graduate student who started a consulting business borrowed money for 1 year to buy necessary equipment and furnishings. The amount of the loan was $16,000, and it had an interest rate of 11% per year. Because the new graduate student did not have a credit history, the bank made him buy loan default insurance at the cost of 5% of the loan and charged a loan origination fee of $300, both paid up front. What was the effective interest rate that the engineer paid for the loan?
Illustrate what techniques for changing organizational culture has Google used to form its culture.
Statistics Canada has recently adjusted the CPI basket of goods and services by increasing the share of shelter in total expenditure from 25.7 to 27.5 percent, and decreasing the share of recreation, education, and reading from 13 to 11.8 percent. Wh..
Illustrate what Monetary strategy Tools should the Federal Reserve use to fight a recession. Describe them thoroughly.
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
The Credit Company offers to loan a college student $6200 for school expenses. Repayment of the loan will be in monthly installments of $308.75 for 24 months. What nominal interest rate is being charged on this loan? The nominal interest rate that i..
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 20% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 50 hours each week. On a single graph, draw t..
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both.
Consider the types of non-tariff trade barriers and determine which has the most detrimental effect on the U.S. economy from the standpoint of the domestic consumer. Explain your rationale and support it with specific examples.
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
The three Cs in the 3C strategy for persuasive writing are
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
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