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Question: George buys a car every 6 years for $18,000. He trades in his current car to count as the 20% down payment. The rest is financed at a nominal 12% interest with monthly payments over 6 years. When the loan is paid off, he trades in the car as the "20%" down payment on the next car, which he finances the same way
Jeanette has similar tastes in cars, and the dealer will count her trade-in vehicle as worth 20%. She has paid cash for old cars in the past, so she now has $14,400 in cash for the other 80% cost of a new car. In 6 years, her vehicle will be worth the "20%" down payment. She wants to make a monthly deposit so that she has the other 80% of the vehicle's cost in 6 years. Her savings account has a nominal annual interest rate of 6% with monthly compounding.
What is George's payment? What is Jeanette's deposit? If Jeanette also deposits the difference in a retirement account that pays 9% nominal interest with monthly compounding, what does she have for retirement after 40 years?
Can discoveries continue to keep up with depletion? Why or why not and is OPEC's power likely to increase, decrease, or stay the same? Why?
There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resources to the preferences of hundreds of millions of people? (Hint: Consumer's sovereignty).
How did economic growth and technological advance interact and drive the rise of Western Civilization through 1500? To illustrate such trends be certain.
Assume that the demand for plastic surgery is price inelastic. Are the following statements true or false? Explain your answer for full credit. When the price of plastic surgery increases, the number of operations decreases.
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Derive the equation of the IS curve and roughly sketch it in a diagram and roughly sketch the LM curve, and show the short-run equilibrium - Compute the goods market multiplier
Explain why a stable economic equilibrium requires the economy to be operating at an output level at which the aggregate demand curve, the long run aggregate supply curve and the short run aggregate supply curve all intersect
write a report based on the podcasts & the news article in the text and a critique as well (do you agree with Mankiw's view that "Consenting adults should be able to make economic trades
What would this concern do to the demand curve for spinach? How would it impact the demand curves for organic spinach or other edible greens?
1- Identify the logic of economics that those who have not studied economics may fail to understand.
"Popcorn Movie" Experience Gets Pricier Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup.
in the old days lighthouses were built along the coast to prevent ships from runnung around on the rocks in unfamiliar
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