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Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the rest, with the agreement to pay nothing for the entire first year and then to pay $546.83 at the end of each month over years 2, 3, and 4 (first payment is in 13th month).
a. What nominal interest rate is Aerotron paying on the loan?
b. What effective interest rate are they paying?
c. How much of the 14th month’s payment is interest? How much is principal? payment interest = $____, and principal = $_____
d. How much of the 18th month’s payment is interest? How much is principal? payment interest = $_____, and principal = $_____
e. How much of the 22nd month’s payment is interest? How much is principal? payment interest = $_____, and principal= $_____
How Farmer jones carrots and buys beets. His income eLasticity of demand for both carrots and beets is posotive.an increase in the price of carrots causes him to.
According to behavioral economists, self-control problems:
q.hardwood cutters presents seasoned as well split fireplace logs to consumers in toledo ohio. the low-cost provider
Country A has real GDP per person of 250,000 while Country B has real GDP per person of 500,000. All else constant, Country A will eventually have a higher standard of living than Country B if
q.q1. how would i approach this problem? assume that kathy drinks coffee as well as tea as well as is in consumer
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Assume that your favourite candidate is proposing a 15 percent flat tax to replace our personal income tax. Analyze the tax and tell whether it is a good tax alternative or not. What are the strengths and weaknesses of the tax?
An investor buys a 3% 20-year bond with a face value of $1000 for $1088. After receiving semi-annual dividend payments for 11 years, the investor decides to sell it. What would the sale price need to be to get an ROI of 4% per year compounded semi-an..
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
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