Principal of the loan

Assignment Help Business Economics
Reference no: EM132281240

1. You have just taken out a $ 15 000 car loan with a 4 % APR, compounded monthly. The loan is for five years. When you make your first payment in one? month, how much of the payment will go toward the principal of the loan and how much will go toward? interest? ?(Note: Be careful not to round any intermediate steps to fewer than six decimal? places.)

2. You have just sold your house for $900 000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $ 700 000 The mortgage is currently exactly 18.50years? old, and you have just made a payment. If the interest rate on the mortgage is 5.25 % ?(APR), how much cash will you have from the sale once you pay off the? mortgage? ?(Note: Be careful not to round any intermediate steps to fewer than six decimal? places.)

Reference no: EM132281240

When calculating the total social marginal benefit

When calculating the total social marginal benefit of providing an additional unit of a pure public good, why is correct to simply add up the marginal benefit to each househol

Statements using graphical analysis

Evaluate the following statements using a graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure axes and curves in your

Government-taxation multiplier for each marginal propensity

Calculate the government-taxation multiplier for each marginal propensity to consume. What do your results imply about the relative strength of changes in government spending

Human capital investments and physical capital investment

Why might funds be available on less favorable terms for human capital investments than for physical capital investments? Can you provide a rationale for the argument that pub

Assume that the demand function for artichokes

Assume that the demand function for artichokes. If average household income increases by 5 thousand dollars per year then : According to the demand function from the previous

The FOMC decreases its target federal funds rate

If at its next policy meeting the FOMC decreases its target federal funds rate, Describe the open market operations the Fed would enact to achieve a lower federal funds rate. 

What is your value-of-statistical-life

You are indifferent between 2 jobs, which differ in their danger levels and compensation. You can be a crab fisher in the Bering Sea, which pays $70,000 for a 3-month period,

Impact of rational expectations

How would a downward change in the money supply affect you personally. How would it affect your career. What impact would rational expectations have on your decisions in thi

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd