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A loan of $ 30,116 is to be financed over a period of 24 months. The bank quotes a nominal rate of 8% for the first 12 months and a nominal rate of 9% for any remaining unpaid balance after 12 months compounded monthly. What equal end-of-the-month payment for 24 months would be required to repay the loan with interest?
(Round the answer to two decimal places)
q.why have generic drug companies been so successful? explain what political conditions also economic conditions would
Two physical therapy firms want to merge. The price elasticity of demand for physical therapy is -0.40. Firm A has a volume of 10,400, fixed costs of $50,000, marginal costs of $20, and a market share of 8%. Firm B has a volume of 15,600, fixed costs..
At the beginning of the year, an audio engineer quit his job and gave up a salary of $ 175,000 per year in order to start his own business, Sound Devices, Inc. The new company builds, installs, and maintains custom audio equipment for businesses that..
Why can a monopoly make a positive economic profit even in the long-run? Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive? How does a monopoly transfe..
Thunder mountain concrete and building materials is trying to bring the company funded portion of its employee retirement fund into compliance with hb-301. the company has already deposited $300000 in each of the last 5 years. if the company increase..
Assume that the demand for product X is represented by the following equation: QDX = 1000 – 10PX – 5PY + 2PZ Which of the products Y and Z is a substitute to X in consumption?
List who you think were the top 5 players (whose ideas were most influential) through Chapter 12. For each, provide a well-written sentence or two describing their contributions to the development of our economic thought.
Assume the average whole price of a wireless phone is curently $50. Do you think this company should enter the market.
Using the tabular method, provide the details of the first six payments. Include in your answer the quarterly payment (An), interest payment.
When looking at data for 1986 to more recent data comparing access of women to important diagnostic services related to medical disorder peculiar to women, we find that access has remained flat.
Suppose that the Federal Government announced a tax rebate of $500 for all individuals filing singly and $1000 for all families filing jointly or as head of household in the upcoming tax year. Further, suppose that the Government budget included a br..
The Chaplin Company issued bonds several years ago with a 6.5% coupon rate and semi-annual coupon payments. If the bonds have 12 years to maturity and Charlie requires a 4.75% rate of return for this type of investment, what is the value of the bonds..
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