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When he purchased his home, al silva borrowed $280,000 at 10% interest to be repaid in 25 equal end-of-year payments. After making 10 payments, Al found he could refinance the balance due on his loan at 9% interest for the remaining 15 years.
To refinance the loan, Al must pay the original lender the balance due on the loan, plus a penalty charge of 2% of the balance due; to the new lender he must also pay a $1000 service charge to obtain the loan. The new loan would be made equal to the balance due on the old loan, plus the 2% penalty charge, and the $1000 service charge. Should Al refinance the loan, assuming he will keep the house for the next 15 years?
Find out the equilibrium level of GDP. Next find the multiplier for government purchases and fixed taxes. If full employment comes at y+1800, what are some policies that would move GDP to that level.
World Trade Center and Pentagon affected short and/or long-term productivity in United States. Elucidate your response and show any movements in PPF.
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
q.essay questions make sure you thoroughly answer all parts of each question format requirements will be enforced.1.
What is the process of management? What are the two major reasons you would want to become a manager or would not like to become a manager? Identify and briefly describe at least five of the major challenges facing the global managerial worker. Suppo..
Suppose me also my roommate started a bagel delivery service on campus. List some of our fixed costs also express why they are fixed.
As a general rule, is it safe to assume that a lower interest rate will encourage significantly lower financial savings for all individuals? Explain.
Elucidate why a currency depreciation leads to an improvement in a countries balance of trade.
In general, do you favor having government more and more power to regulate private industry? Please provide documentation for your answers. Feel free to comment on the postings of your fellow students.
Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?
The effectiveness of different kinds of incentive systems: moral, material, and coercive.
Suppose a firm's total assets turnover ratio falls from 1.0 to 0.9, but at the same time its profit margin rises from 9% to 10%, and its debt increases from 40% of total assets to 60%. Under these conditions, the ROE will decrease.
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