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An item is offered for sale at a cash price of £620 or on hire purchase over one year or over two years. When purchased on hire purchase over one year there is a deposit to pay of £110 and 12 monthly payments of £48.45.
When purchased on hire purchase over two years there is a deposit to pay of £140 and 24 monthly payments of £26.
(a) In each case calculate the rate of simple interest per annum charged on the initial amount borrowed.
A second shop offers the same item for sale at £625, or on hire purchase with a deposit of £125 and 15 equal monthly payments. The rate of interest charged on the initial amount borrowed is 10% per annum simple interest.
(b) Calculate the monthly payment.
1. according to the economic way of thinking why does cheaper used textbooks raise enrollment at csulb?a. cheaper used
What does the unemployment figure tell us about where the U.S. economy is in the business cycle? Explain.
A is a much more demanding and also a more prestigious institution than B. B is a safe option in the sense that you know you will do reasonably well academically there, and that after graduation you will land an "adequate" job.
Bad weather in the United States causes the production of agricultural products to decrease.
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume.
A consumer has $100 per day to spend on good X, which has a unit price of $5, and good Y, which has a unit price of $15. What is the slope of the budget line if good X is on the horizontal axis and good Y is on the vertical axis?
Dr. Cutthroat is a plastic surgeon specealizing in turning ugly, old people into young and beautiful/handsome creatures, for a fee, of course. He has just started a practice in an island far away from civilization, inhabited by ric h and ugly peop..
Say your parents give you a car for your birthday. It is not the new model you wanted, but it's in very good condition.The cost of keeping the car to you is.
1. which of the following statements concerning the marginal-physical-product curve above is true?atotal physical
A bank announces that it has changed its interest computation method to continuous compounding. Now $2000 left in the bank for 9 years will double to $4000. What is the nominal interest rate, compounded continuously, is the bank paying.
Illustrate what have been the implications for the business environment facing foreign investors of measures taken by the Indonesian government since the onset of the East Asian financial crisis in 1997.
Clothing co. sells 30,000 units of blazers at £4.80 per unit in 2012, and 36,000 units of trousers at £6.00 per unit in 2013. (a) Calculate the following values for trousers for 2013 with 2012 as the base year:
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