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After visiting several automobile dealerships, Richard Welch selects the car he wants. He likes its $10,000 price, but financing through the dealer is no bargain. He has $2,000 cash for a down payment, so he needs an $8,000 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $8,000 for a period of four years at an add-on interest rate of 11 percent.
Questions
a. What is the total interest on Richard's loan?
b. What is the total cost of the car?
c. What is the monthly payment?
Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson..
you are given the following equation for the real demand for money mpd .25y - 50 ra. compute the demand for money
yearnominal gdpreal gdpgdp deflator20023055nbsp942003nbsp3170100200434103280nbsp2005nbsp3500108i complete the above
How much would it cost to fence exactly four such properties, which together would contain four square miles of area Now, consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square
prepare a report on determinant of demand for electronics in china - the report should including minimum the below
planned investment
rons window washing service is a small business that operates in the perfectly competitive residential window washing
Consider a firm in a perfectly competitive industry. The firm has just built a plant that cost $1,700.Each unit of output requires $14 worth of materials. Each worker costs $11 per hour.The firm's production starts at 300 units with 1 worker (40 h..
1 a friend whom you are studying with for this class has drawn three sets of indifference curves. explain what he has
what conditions must exist in order for a pure monopolist to achieve economic profits? is the profitability of a firms
you run a sport club that offers fitness guidance by the hour.your cost is 40 per hour and you have no other costs.you
If GDP is rising by 3 percent per year how long will it take GDP to double? Given the same conditions how long will it take Per Capita GDP to double if the population grows at 2 percent?
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