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Christine bought a BMW when she came to LA as a County Judge. The BMW was purchased by taking a loan that was to be paid off in 20 equal, quarterly payments. The interest rate on the loan was 12% per year with quarterly compounding. After four years, at the time that Christine made her 16th payment, she got married and sold the BMW to her friend Jane. Jane made arrangements with Christine's bank to refinance the loan and to pay Christine's unpaid balance by making 16 equal quarterly payments at the same interest rate that Christine was paying. After 3¼ years, at the time that Jane made her 13th payment, Jane flunked out and sold the car to Ally. Ally paid the bank $4,000 cash to pay the loan balance. What was the amount of Christine's loan to purchase the BMW when it was new?
short-run average cost curve and the long-run average cost curve are both U-shaped for the same reasons.
question 1the difference between game trees and decision trees isselect onea. that game trees are not useful in
Should Joe continue to search or buy a DVD player at a price of $200. Elucidate your answer and show your calculations.
An industry consists of three firms with sales of $310,000, $725,000, and $405,000. Calculate the Herfindahl-Hirschman index (HHI). Calculate the four-firm concentration ratio (C4).
Discuss the observation made recently by an undergraduate philosophy major that "the major international institutions are concerned with keeping the rich countries rich, at the expense of the poorer ones."
You purchased a bond for 9500 dollars. The bond matured in 4 years and you sold it for 111,000 dollars. The par value (face value) of the bond was 10000 dollars. Interest payments were made every 6 months. The personal rate of return you received (so..
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Discuss the effects of HIV/AIDS on the economies of african countries. Making sure to discuss the sources of economic growth and the use of scarce resources.
Compute the MRS of other goods for airline miles; i.e., the MRS that represents the slope of the indifference curves when x1 is on the horizontal and x2 is on the vertical axis.
However, firms that have installed expensive air purification systems are able to eliminate fumes from the glue inside the plants. Suppose that 50 of these pillow-manufacturing jobs exist in firms with air purification systems, while the other 150 of..
If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.
Illustrate what impact might such a reduction in purchases of U.S. treasury securities have on the cost of short- also long-term financing.
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