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Lane French had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks at $113.50. What is the percent of interest paid on this loan? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)
What is the role of Congress in the United States? Why do we have both a federal and a state congress?
Suppose 1 year Treasury-bills were currently yielding 5.5%. Also suppose that a bank estimated that a particular loan applicant had a 30% chance of defaulting on a one year loan and that in the event of default the bank would recover only 25% of i..
Statements Firm will finance a proposed investment by issuing new securities while maintaining its optimal capital structure of 60% debt and 40% equity. The firm can issue bonds at price of $950.00 before $15 flotation costs.
marginal airlines runs 10 flights per day at a total cost of $50,000, including $35,000 in fixed costs for airport fees and the reservation system and $15,000 for flight crews and food services. If an 11th flight would have 20 passengers, each pay..
What is its relationship to the international mobility of factors of production?
What isthe effective mortgage yield for borrowing this mortgage.Now suppose that there is an annual interest rate cap of 2% specified in the loan contract. What isthe effective mortgage yield for borrowing this mortgage, assuming that no negative amo..
Stan Moneymaker needs 15 gallons of gasoline to top off his automobiles's gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, stan can save $0.10 per gallon on the price of gasoline. Suppose gasoline..
1. Determine the equilibrium price and quantity in each country when the two countries are able to trade. 2. Calculate the consumer surplus, producer surplus, and total surplus for each country when the nations are able to trade
Assume that an individual consumes two goods, X and Y. The total utility of each good is independent of the rate of consumption of the other good. The price of X and Y are $40 and $60 respectively. Use the following table of total u..
If the authorities took no action, what would be the adjustment process along the lines described by the monetary approach to the balance of payments?
If half the banks in the nation borrow additional reserves totaling $10 million at the Fed discount window, and at the same time the other half of the banks reduce their excess reserves by a total of $10 million, what is likely to happen to the mo..
The Relationship between Unemployment and Inflation Rate,The Poverties in China, India and other Developing Countries
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