Annual interest rate of approximately

Assignment Help Macroeconomics
Reference no: EM131111087

Please show your working-A person borrows $200 from a payday loan company, and pays $10 interest for two weeks. This would result in an annual interest rate of approximately ___ percent. Ignore compounding.

Reference no: EM131111087

Questions Cloud

The pattern-analysis rules to the control chart : University of Waterloo (Canada) statistician S.H. Stciner applied control chart methodology to the manufacturing of a horseshoe-shaped metal fastener called a robotics clamp (Applied Statistics, Vol. 47,1998).
The piston on the double-acting cylinder : 2a)When the piston on the double-acting cylinder is retracted (completes the instroke), the piston activates the roller control the left side of the 5/3 pilot valve, releasing air at the top left of the 5/3 and causing the piston to outstroke. Air in..
How should a business use working capital analysis : Compare and contrast the Internal Rate of Return (IRR), the Net Present Value (NPV) and Payback approaches to capital rationing. Which do you think is better? Why? Provide examples and evidence from two articles from ProQuest to support your posi..
Write a program that demonstrates the class : Write a program that demonstrates the class. The program should ask the user to enter a temperature, and then display a list of the substances that will freeze at that temperature and those that will boil at that temperature. For example, if the t..
Annual interest rate of approximately : Please show your working-A person borrows $200 from a payday loan company, and pays $10 interest for two weeks. This would result in an annual interest rate of approximately ___ percent. Ignore compounding.
The process under statistical control : In their text, Quantitative Analysis of Management (1997), B. Render (Rollins College) and R. M. Stair (Florida State University), present the case of the Bayfield Mud Company. Bayfield supplies boxcars of 50-pound bags of mud treating agents to t..
Describe one organization/agency that would be involved : Describe one organization/agency that would be involved in care delivery for your hypothetical patient. Provide specific details related to: The geographic location in which it is located an dThe primary diagnosis of your hypothetical patient.
Quotations for numerous currencies : The "Market" section of the Bloomberg website provides interest rate quotations for numerous currencies. Its address is www.bloomberg.com.
To monitor the performance of the machine : A machine at K-Company fills boxes with bran flakes cereal. The target weight for the filled boxes is 24 ounces .The company would like to use an -chart to monitor the performance of the machine.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Market for home pest control services

Assume the market for home pest control services (spraying to kill unwanted bugs and creepy crawlies around the exterior of your home) is perfectly competitive and is currently in equilibrium.

  Compute the compensated demand functions

a) Calculate the uncompensated (Marshallian) demand functions for x and y and describe how the demand curves for x and y are shifted by changes in income or the price of the other good. Show all working. b) Calculate the expenditure function for x..

  In what ways will the policy change reduce moral hazard

The country of Cheapland currently has a national health insurance system that reimburses citizens for 90% of all heath care costs incurred. Cheapland's government is considering a policy change that would provide medical care providers

  Positive correlation of supply

What does a positive correlation of supply and demand mean in a demand curve?

  What is the reliability factor

A bus driver records the time (in minutes) it takes to commute to school for 6 days. These results are: 25, 22, 17, 20, 15, 10.  Assuming the population is normally distributed, develop a 90% confidence interval for the population mean.  What is the ..

  Declining balance depreciation method

Enrique is considering a trip around the world in three years. He will sell all of his possessions at that to fund trip. Two years ago, he bought a used car for $12,500.

  Market for foreign-currency exchange

1) Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan. 2) Discuss how government policies can influence economic growth.

  The characteristic of less developed countries

Why is a high level of subsistence agriculture a characteristic of less developed countries. It shows that the country uses less energy or else.

  How does operating objective change size of deadweight loss

How does this operating objective change the size of the deadweight loss. If you are a "benevolent" manager of a monopoly firm and are interested in reducing the deadweight loss of monopoly, should you maximize profits or maximize revenue.

  A majority of international transactions involves the buying

On December 29, the cost of a skiing trip to Finse, Norway, was 6,500 krone. Two weeks later, the American dollar appreciated against the Norwegian krone. If the price of the trip in Norway remains the same: A)an American skier living in Florida will..

  Capital and the marginal productivity

Determine the rate at which Mitsubishi can rent capital and the marginal productivity of labor at its new targeted level of output. To minimize costs Mitsubishi should hire capital and labor until the marginal rate of technical substitution reache..

  Exercising the application of a mandatory retirement age

Discuss the logic of a company setting and exercising the application of a mandatory retirement age and determine the pros and cons of the mandatory retirement practice from the perspective of the organization, economy, individual, or Nation?

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