Determine what is the amount of the payment

Assignment Help Econometrics
Reference no: EM13243431

A student borrowed $5,000 which she will repay in 30 equal monthlyinstallments. After her 25th payment she desires to pay theremainder of the long in a single payment. At 15% interestcompounded monthly, what is the amount of the payment.

Reference no: EM13243431

Questions Cloud

Analysis of data and interpretation : Demostate the use of appropriate tools for converting data into meaningful information and select, defend and use appropriate statistical tools for analysis of data and interpretation.
The economy and how the different sectors interact in the : Create an 3-6 page report, that includes an explanation and/or examples of: A circular flow diagram that includes the government sector. For this part of your paper, you should include a description of the roles that each participant plays in
Find the final momentum : A 220g ball is thrown horizontally at 19.2m/s, As it falls under the influence of gravity, find its final momentum (magnitude) after 1.00s.
Material in managerial economics to analyze : Need help with a paper that uses the material in Managerial Economics to analyze, compare, and contrast some of the most popular online auction sites.
Determine what is the amount of the payment : A student borrowed $5,000 which she will repay in 30 equal monthlyinstallments. After her 25th payment she desires to pay theremainder of the long in a single payment. At 15% interestcompounded monthly, what is the amount of the payment.
The d-electrons associated with the central metal : Give the number of d-electrons associated with the central metal ion in each of the following complexes: K3[Fe(CN)], [Mn(H2O)6](NO3)2, Na[Ag(CN)2], [Cr(NH3)4Br2]ClO4, [Sr(EDTA)]2-
What is the total inductive reactance of this circuit : Two 0.20-H inductors and one 0.44-H inductor are connected in series across the terminals of a 60.0-Hz ac generator. What is the total inductive reactance of this circuit
Explanation and analysis identify changes in market : Explanation and Analysis Identify changes in market conditions and their effect on equilibrium price and quantity for the following events
Explain the temperature of the n2 gas : A 11.0 gram sample of nitrogen gas has a volume of 972 milliliters at a pressure of 2.81 atm. The temperature of the N2 gas sample is.

Reviews

Write a Review

Econometrics Questions & Answers

  What fraction of the incidence falls on consumers

Suppose a tax on beans of $0.05 per can is levied on firms. As a result of the tax, the equilibrium price increases from $0.20 to $0.22. What fraction of the incidence falls on consumers Suppose the supply elasticity is 0.6. What must the demand e..

  Calculate monthly mrp of both the a-1 and caltec

skilled technicians using equipment produced by two leading competitors in the medical equipment industry. Records for the current year show an average of 24 tests per hour performed on the A-1, and 51 tests per hour on a new machine, the Caltec.

  Find what quantity should the monopolist produce

A monopolist faces a demand curve given by: P=220-3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $40. There are no fixed costs of productions.

  Explain problems of adverse selection in rural credit market

Suppose instead that you (the lender) have no information on the type of borrower and you have to charge a single interest rate to all borrowers. Also assume that the probability that you will end up with each type of borrower is equal (e.g. 1/3 ..

  What is the capitalized cost of the alternative

An alternative for manufacturing a certain part has a first cost of $50,000, an annual cost of $10,000, and a salvage value of $5,000 after its 10 year life. At an interest rate of 10% per year, what is the capitalized cost of the alternative

  What is the marginal revenue product of land

The current market wage rate is $10, the rental rate of land is $1,000 per unit, and the rental rate of capital is $500. Production managers at a firm find that under their current allocation of factors of production, the marginal revenue product ..

  How much will be available forever beginning in year

A philanthropist working to set up a permanent endowment wants to deposit money each year, starting now and making 10 more (i.e., 11) deposits, so that money will be available for research related to planetary colonization.

  What is the rate of return for the generator

A diesel generator for electric power can be purchased by the remote community for $480,000 and used for 10 years, when its salvaged value is$50,000. Alternatively, it can be leased for $70,000 a year.(Remember the lease payments occur at the star..

  What is the amount of labor that the profit-maximizing firm

Suppose that for the firm below, the goods market is perfectly competitive. The market price of the product the firm produces is $4 at each quantity supplied by the firm. What is the amount of labor that this profit-maximizing firm will hire

  Determine how many firms operate in the long run

Suppose there are n identical firms in a market in long run. Each firms cost function is given by C=32+.5q^2, where q is the amount that an individual firm produces. This means that an individual firms marginal cost is given by MC=q.

  Which of the two investments is more risky

An individual has to choose between investment A and investment B. The individual estimates that the income an dprobability of the income from each investment are as given in the following table Using Excel statistical tools, ca..

  Determine at what level of output does smc equal avc

Use a computer regression package or Excel to work this computer exercise. Palm Products Company has collected data on its average variable costs of production for the past 12 months.

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