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if you borrow $3000 and pay back $3410 after 1.5 years,
a) What is the interest rate charged if the payment period is 1.5 years?
b) What is the annual compounding interest charged?
c) Using the compounding annual interest rate from above, what is the nominal, period interest rate and corresponding effective interest rate if compounding is hourly? Assume 30 days per month
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
how many years will it take the dollar's purchasing power to be one half what it is now. if the general inflation rate is expected to continue at rate of 6% for an indefinite period
question 1suppose you have a rare simpsons animation cel that youre looking to sell. you decide to hold an english
Assume that the monopoly faces the inverse market demand function: What should be the monopoly's profit-maximizing output?
demand and supply curves for cigarettes are given byqd frac128p12 and qs 4p2where p is the price of cigarettes in
Involving the e-Activity's testimony regarding the FBI's efforts to investigate IP theft, identify two best practices owners / executives can implement to protect against possible IP theft.
From the e-Activity, examine the federal budget over the past 25 years. From the data, determine which of the two (2) forces appears stronger: falling revenue or spending growth. Speculate on the main reasons for the trend. Provide a rationale..
Describe the likely effects on the total welfare (surplus) of society of the status quo, i.e., do nothing and let the market decide.
First, discuss the decision by doctors to enter seperate markets for various specialities rather than starting a family practice. Second, discuss the monoploy that the American Medical Association holds on the production of doctors in the US and i..
A doctor earns $250,000 per year, while a professor earns $40,000. They play tennis against each other each Saturday morning, each giving up a morning of relaxing, reading the paper, and playing with their children. They could each decide to work ..
What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?
How do the income and the substitution effects determine the slope of the labor supply curve?
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