Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount). The federal government requires that this be accounted for in the APR that discloses the loan's cost.
(a) A 30-year mortgage for $220000 has monthly payments at a 6% nominal annual rate. If a borrower's loan origination fee is 3% (3 points) and it is added to the initial balance, what is the true effective cost of the loan? What would the APR be?
(b) If the house is sold after 6 years and the loan is paid off, what is the effective interest rate and the APR?
(c) Graph the effective interest rate as the time to sell the house and pay off the loan varies from 1 to 15 years?
If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run Illustrate what will happen to aggregate demand, the price level, and real GDP in the U.S..
Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. Elucidate how would you price these two events differently.
Needs advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry
Identify the market structure that best matches the competitive qualities found in the market where these products are made and sold. Explain your answer.
If the university's school of engineering can earn 4% on it's investments, how much should be in it's savings account to fund one $5000 scholarship each year for 10 years?
Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.
If the variable is almost normally distributed does that mean you use common distribution.
Assuming 100 identical firms in the industry (further assume that factor prices remain the same) what quantities will the industry and each firm supply when the product’s price is $9? What if prices are below $5?
q1. in the absence of a price floor the maximum price that a few of the consumers are willing to pay is 0.20 for a
Explain what happens in these two markets as the number of sellers drops to only one seller. explain how part, illustrates to the first experimental principle
q1. an oil company refines crude oil valued at 62barrel and sells it to motorists at its retail outlets. the price is
Cara has available h = 3000 hours per year for participating in the labor market and for leisure. She gets a wage w = $18 for the first 2,000 hours of work. If she works more than that, the wage on the additional hours is increased by 50%. She receiv..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd