If you borrow 3000 and pay back 3410 after 15 yearsa what

Assignment Help Microeconomics
Reference no: EM13379460

if you borrow $3000 and pay back $3410 after 1.5 years,

a) What is the interest rate charged if the payment period is 1.5 years?

b) What is the annual compounding interest charged?

c) Using the compounding annual interest rate from above, what is the nominal, period interest rate and corresponding effective interest rate if compounding is hourly? Assume 30 days per month

Reference no: EM13379460

Questions Cloud

Hebron and stack discuss the fragmentation of nations - the : hebron and stack discuss the fragmentation of nations - the rise of smaller units within a nation. while this is
Suppose your friend macklemore derives utility only from : suppose your friend macklemore derives utility only from purchasing clothing and food. his utility curve is given
In our look at democracy and sovereignty one of the things : in our look at democracy and sovereignty one of the things that we observed is that we are seeing a rise of subnational
What are the issues surrounding the sovereignty of states : what are the issues surrounding the sovereignty of states and their governments ability to regulate their economies? in
If you borrow 3000 and pay back 3410 after 15 yearsa what : if you borrow 3000 and pay back 3410 after 1.5 yearsa what is the interest rate charged if the payment period is 1.5
Washington-less than one month after president obama took : washington-less than one month after president obama took office congress last night passed his flagship proposal an
If demand for a product is inelastic with respect to price : if demand for a product is inelastic with respect to price this means that people are responsive to the price changes
An analyst for foodmax estimates that the demand for its : an analyst for foodmax estimates that the demand for its brand x potato chips is given bylnqxd 12.14 - 2.8ln px 3.4py
Gx ltd is about to commence a new business for which you : gx ltd is about to commence a new business for which you are asked to calculate its average working capital requirement

Reviews

Write a Review

Microeconomics Questions & Answers

  Theory of market failure

How government intervention in the form of a tax on producers can make the post-policy outcomes even worse than the pre-policy position and explain the underlying economic logic of this proposition.

  How will combined tax-transfer policy affect demand n price

Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices

  Determine supply curve for a single firm

Think a competitive industry consisting of one hundred identical firms each with the following cost schedule,

  A critical assumption in the model of demand and supply is

a critical assumption in the model of demand and supply is the independence of demand and supply curves. if the two are

  Define the short-run aggregate supply curve shows

In the 1960s and 1970s, research funding by the U.S. government and some universities led to revolutionary advances in network computing. These advances in communication and network technology remained largely isolated to governmental and academic..

  Why are these goals in conflict with each other

When an excise tax is imposed on a commodity in order to raise revenue for the government or in in order to raise the consumption of the good, then why are these goals in conflict with each other?

  Find the equilibrium price and quantity

All firms in the industry have identical technology and face the same cost curve: C(Q) = 500 + 10Q + 0.5Q2 . There are 10 firms in the industry.

  Shows the lowest per capita income

Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether it is a good policy for the government to completely eliminate monopoly power.

  Stay lower based on the new technology

why is it so certain that price elasticity will cause those prices to return to levels they were at instead of staying lower based on the new technology?

  Find the cournot solution for the market price

Find the Cournot solution for the market price and output of mineral water and illustrate with a simple graph and the marginal revenue function facing a monopolist is given by: MR = 200-20Q Demonstrate that firms A and B have an incentive to coopera..

  Marginal cost curve lies above the average cost curve

If the marginal cost curve lies above the average cost curve, then the average cost curve must be sloping upward and the short-run cost function is always greater than the long-run cost function

  Three general economic principles related to the article

Students will conduct an analysis of a recent article and provide their evaluation and outcome expectations in a written paper of 1500-2500 words that discusses:

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