Discuss the impact of government-sponsored crop insurance

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1. You borrowed a mortgage loan to buy a new house. You have to pay a monthly mortgage $1,000 at the beginning of each month (i.e., month annuity due) for 15 years. The mortgage loan’s stated interest rate (APR) is 4.8%. What is the amount of the loan you borrowed from the bank?

2. Books Inc. recently reported $3.6 million of net income. Its EBIT was $7.5 million, and its tax rate was 40%. What was the interest expense?

3. Describe and discuss the impact of government-sponsored crop insurance.

Reference no: EM131972429

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