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Katerina Unger wants to purchase a set of furniture worth $3,000. She plans to finance the furniture for 2 years. The interest rate is only 1% per month and her monthly payment is $156.04. a)What is the annual effective interest rate that Katerina is paying for her loan transaction? What is the nominal interest (annual percentage rate) for the loan? b) Katerina bought the furniture and made 12 monthly payments. Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
if the original amount of loan is for $24000 and interest is 1/2% per month on the unpaid balance, explain how much will Kris's payments be.
Discuss the long range effects of a stimulus plan as it affects the banking sector.
Then do similar for every of the determinants of supply in Equation 2.2. In every instance, would equilibrium market price increase or decrease.
Illustrate what are the main differences between Lenin's theory of how to bring about socialism and that of Bernstein's
Analyze these indicators and prepare a 3-4 page report explaining the expected short impact on firms.
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
The U.S. cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Illustrate what effect will this have on its optimal price.
Large-demonic country time deposits $ 304 billion Currency also coin held by nonbanking public 438 billion Checkable deposits 509 billion Small-demonic country time deposits
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
Given the formal structure of the Solow model, the numbers in the first column should in principle be per-worker GDP numbers. However, for purposes of the problem.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
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