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Ruby has purchased a new home that needs repair. She has gained approval for a home improvement line-of-credit for $100,000 that she will use, along with her personal earnings, to fix up the house over three years. Interest on line-of-credit loans is only incurred on the amount borrowed, not the limit of $100,000. She estimates that she will borrow $2,000 monthly for three years starting one month from today. At the end of the three years she will pay back the loan over the following ten years with monthly payments. If the interest rate on the loan is 5% APR with monthly compounding, and all payments (withdrawals and deposits) are end-of-month transactions, what will be her payment per month during the ten years that she pays off the loan.
Let B1(hat) and B2(hat) denote the estimated regression coefficients from a sample of size n for y = x1B1 + x2B2 + u. Show that b1 = B1(hat) + (X1TX1)-1X1TX2B2(hat) where b1 is the coefficient estimate from the regression of y on X1.
Illustrate what might be some practical problems or issues the country might face with this proposed plan.
Describe the types of trade barriers, their implications on the market and how international organisations act to restrict and regulate these barriers.
John Piderit the general manager of the Western Tool Company is considering introducing some new tools to the company's product line. The top management firm has identified three types of tools (referred to as projects A, B, and C). the various di..
Suppose the demand curve for a product is given by Q = 300-2P+4I where 'I' is average income measured in thousands of dollars. The supply curve is Q = 3P - 50.
Find the Present Value of each of the two following sets of cash flow events and what is the total interest chargeable in each mortgage?
Show the results of a Fiscal Policy action that will bring this economy to full employment level of Real GDP. Explain the effect on the fiscal budget and show the effect on the Money Market and the Investment Market.
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
Illustrate what recommendations you make to assist the organization
What was the cross-exchange rate between the Real and the Peso in 2001? Real____/Peso. What was cross-exchage rate between Real and Peso in 2002? Real_____/Peso.
The Commerce Department reported receiving the following applications for the Malcom Bardrige National Quality Award: 23 from large manufacturing firms, 18 from large service firms, and 30 from small businesses. - Is type of business a categorical..
Should a country's income be distributed to its members based on their contributions to production of that total income or according to the member's requires?
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