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An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid. At the end of three years, at the time of the third payment, the bank agreed to reduce the interest rate from 8% to 7% on the remaining debt (years 4, 5 and 6).
a) Draw a Cash Flow Diagram (neatly – by hand and with a straight edge or use EXCEL): label all items/values, and time increments.
b) What is the amount of the equal annual end-of-year payments for each of the first three years?
c) What is the amount of the equal annual end-of year payments for each of the last three years?
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?
Suppose that the short-run price elasticity of the supply of gasoline is 1.6. If the price falls by 5%, the quantity supplied will change by _________.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Elucidate how an individual buying a car would prefer a free GPS system to a free leather seat upgrade.
Why might variations in the dollar's value in terms of other currencies cause the trade deficit to move independently from the changes in the government budget deficit.
Are these preferences consistent with the lw of diminishing marginal utility
Suppose robotic technology improves the results of abdominal surgery - less time to perform the surgery, faster recovery times, and fewer mistakes. What is the impact on the market for abdominal surgery usin this new technology?
q1. foreign workers make up roughly 90 of united arab emirates uae population. if you compare uaes gdp with its gnp
Explain the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes. Do you agree or disagree with this view.
Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable.
A physician's office expenses increase 10 percent so she decides to raise the price of office visits by that much. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice reven..
Assume that the multiplier in a country is equal to 4 and that autonomous real consumption spending is $1 trillion. if current real GDP is $12 trillion, the current value of real consumption spending is $ ______ trillion.
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