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Interest on a loan is paid on a declining balance, and hence a loan with an interest rate of, say, 14 percent can cost significantly less than 14 percent of the balance. Write a program that takes a loan amount and interest rate as input and then outputs the monthly payments and balance of the loan until the loan is paid off. Assume that the monthly payments are one- twentieth of the original loan amount, and that any amount in excess of the interest is credited toward decreasing the balance due. Thus, on a loan of $20,000, the payments would be $1,000 a month. If the interest rate is 10 percent, then each month the interest is one-twelfth of 10 percent of the remaining balance. The first month, (10 percent of $20,000)/12, or $166.67, would be paid in interest, and the remaining $833.33 would de- crease the balance to $19,166.67. The following month the interest would be (10 percent of $19,166.67)/12, and so forth. Also have the program output the total interest paid over the life of the loan.
Refer to the diagram where the numerical data show profits in millions of dollars. Beta's profits are shown in the northeast corner and Alpha's profits in the southwest corner of each cell. If both firms follow a high-price policy:
A rock is found to contain 2.2 grams of uranium-235, a radioactive isotope. If the rock has undergone 2.75 half lives, what was the original amount of uranium-235 in the rock and how old is the rock?
The problem is belongs to Economics and it is explore about the price rise of a barrel of oil. Based on aggregate demand and supply, a diagram needs to be drawn to show the short run and long run effects on the Australian economy.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
Research and discuss how the changes in autonomous expenditures affect income and output. Use the above example, let G0 = 200 and calculate the new equilibrium level of . Find ΔY given Δ, calculate the multiplier m.Interpret the meaning of the multip..
frisbees are produced according to the production function q 2kl where q output of frisbees per hour k capital input
Assume you also have the following additional macroeconomic information of Bush Garden economy in the context of Keynesian Expenditure model.
How do they affect the economy in terms of growth, labor force, and price of labor?
Illustrate what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, serivces, and information. How would this affect your business career.
What does Friedman believe about expansionary monetary policy? Do you think Keynesian economists would agree?.
In making a decision about whether to increase its advertising budget the firm management should not consider Answer the added revenue from increased sales the added cost of producing more goods for sale. interest payments on the firm's loan.
If your worker stated that they would match your contributions up to 50 percent, and how much would you contribute.
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