Find the interest rate per week for students

Assignment Help Econometrics
Reference no: EM13236550

A company makes small loans to students, lend in the amount of $500. The borrower is required to pay $40 at the end of each week for 16 weeks. Find the interest rate per week?

Reference no: EM13236550

Questions Cloud

Compute the expected voltage if the ph of the solution : The voltage across the leads of a glass pH-reference combination electrode immersed in a solution of pH 8.00 was 133 mV. Calculate the expected voltage if the pH of the solution is raised to 9.00
Status and rights of women in ancient greece-rome-babylon : What were the status and rights of women in ancient Greece, Rome, Babylon, Persia, Assyria, and Phoenicia.
What frequency is the trombonist producing : You bike at 10.5 m/s directly away from your neighbor's trumpet sound and toward the sound of another neighbor's trombone, What frequency is the trombonist producing
State lewis structures and including resonance structure : Write Lewis structures, including resonance structure and formal charges if necessary
Find the interest rate per week for students : A company makes small loans to students, lend in the amount of $500. The borrower is required to pay $40 at the end of each week for 16 weeks. Find the interest rate per week
Develop a linear programming model that will enable hts : Develop a linear programming model that will enable HTS to allocate technician time between regular customers and new customers.
What fraction of assemblies will fail to meet specifications : The specifications of the clearance between the mating parts are 0.5 ± 0.4. What fraction of assemblies will fail to meet specifications if assembly is at random?
Examples of hotel functions include setting daily room rates : Examples of hotel functions include setting daily room rates, attracting events (meetings, conferences, etc.), managing hotel material, etc.
What is the intensity level at the farther listener : Two people hear a tornado siren, What is the intensity level (in dB) at the farther listener relative to the other listener

Reviews

Write a Review

Econometrics Questions & Answers

  How the firms marginal cost curve crosses marginal revenue

At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses

  Does the law of diminishing returns imply decreasing returns

American Airlines produces round-trip transportation between Dallas and San Jose using three inputs: capital (planes), labor (pilots, flight attendants, and so on), and fuel. Suppose that American's production function has the following Cobb-Dougl..

  Determine what was the inflation rate

Let's consider the effects of inflation in an economy composed of only two people: Bob, a bean farmer, and Rita, a rice farmer. Bob and Rita always consume equal amounts of rice and beans. In 2010, the price of beans was $1, and the price of rice w..

  What is the effective annual interest rate on car

A used car dealer advertises financing at 0% interest over 3 years with monthly payments. You must pay a processing fee of $250 at signing. The car you like costs $6000. a) What is your effective annual interest rate

  Determine profit maximizing level of production

Why is it important for a profit maximizing firm to consider market structure in determining the price and output of its product or service b. How do you determine the profit maximizing level of production in terms of price, marginal revenue and m..

  How much should be withdrawn at the end of period 2

$4,000 were deposited at time 0 in an account that pays an interest of 10% compounded annually. how much should be withdrawn at the end of period 2 to have $4,000 at the end of period 4 available in the account

  What is the price elasticity of demand

Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.7, and a typical gasoline retailer enjoys sales of $1,900,000 annually. What is the price elasticity of demand for a representative gasoline r..

  What would be value of the savings at the end of 30 years

A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years

  What is most near to elins monthly car payment

Ellen purchased a used car for $10, 000. She wrote a check $2,000 as a down payment for the car and financed the $8,000 balance. The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments.

  Give compliment or a substitute for water balloons

Suppose this the demand for water balloons fit the function D(P, Ps)=.2P^(-.5)Ps^(-.2) where P is the price of water balloons and Ps is the price of super soakers (an advanced squirt gun technology). Based upon this demand curve, are super soakers..

  What happens t o the economic profits earned by widget corp

The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. What happens t o the economic profits earned by Widg..

  Why is mtv so profitable relative to major networks

Television channel operating profits vary from high as 45 to 55 percent at MTV and Nickelodon down to 12 to 18 percent to NBC and ABC. Provide a Porter Five Forces analysis of each type of network. Why is MTV so profitable relative to major networ..

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