What is the present worth of the total payments

Assignment Help Microeconomics
Reference no: EM13695893

What is the present worth of the total 20 payments, occurring at the end of every four months (i.e. the first payment is in four months), which is $400, $500, $600, increasing by a fixed sum. Interest is 12% nominal per year, compounded monthly.

Reference no: EM13695893

Questions Cloud

Traffic light is set to switch from red to green : A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds.
Explain the meaning of monetary neutrality : Explain the meaning of monetary neutrality and illustrate graphically that there is monetary neutrality in the long run in the aggregate demand–aggregate supply model.
Profit-maximizing price and quantity chosen by monopolist : A monopolist faces a market demand curve given by P=12-2Q and has a total costs given by TC=6+Q^2. What is the profit-maximizing price and quantity chosen by the monopolist? What is the monopolist's profit?
Aggregate-demand curve slopes downward : The aggregate-demand curve slopes downward because it is the horizontal sum of the demand curves for individual goods. The long-run aggregate-supply curve is vertical because the price level does not affect long-run aggregate supply. If firms adjuste..
What is the present worth of the total payments : What is the present worth of the total 20 payments, occurring at the end of every four months (i.e. the first payment is in four months), which is $400, $500, $600, increasing by a fixed sum. Interest is 12% nominal per year, compounded monthly.
Charge the interest rate on credit cards : Because credit card companies and banks must charge the same interest rate on credit cards to all borrowers, there is an adverse selection problem with credit cards.
Calculate the mean-median-range and standard deviation : Calculate the mean, median, range, and standard deviation of home price and size. For the assignment document you will submit, you can cut and paste the answers from the Analysis ToolPak, or you can place your results in the same Excel sheet
Discuss the factors that are affecting market for gasoline : The prices of petroleum products in the world market are constantly in the news and associated with them is the falling gasoline prices in the United States. In an essay, discuss the factors that are affecting the market for gasoline.
Characteristics of both depository banks and shadow banks : Which of the following are characteristics of both depository banks and shadow banks? Check all that apply.

Reviews

Write a Review

Microeconomics Questions & Answers

  Conditions to make price discrimination work

What are the necessary conditions to make price discrimination work and the best practices to use price discrimination to maximize profits while avoiding price wars? In your discussion make evident the challenges of the strategy even in markets where..

  What are the pros and cons of the options

In the late 1990s, several East Asian economies had their currencies pegged to the U. S. dollar. Suppose there is an economic boom in the United States that leads to an increase in U. S. interest rates.

  The alternative is to keep playing the current game

How much would Firm A be willing to pay to B so that A could move first. Thealternative is to keep playing the current game.

  Write down the limitations of gdp in measuring total output

gross domestic product gdp measures the market value of all final goods and services produced within a country in a

  If the threat is not credible what changes in payoff matrix

mitchell electronics produces a home video that has become increasingly very popular with children.nbsp

  Eamine how the strategies may be used in the business or

there are various strategies such as flow production group technology level production and scheduling which can be used

  What effect will this have on price

Suppose both supply and demand decrease. What effect will this have on price and the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit

  1 if the economy is to have significant built-in stability

1. if the economy is to have significant built-in stability then when real gdp increases the tax revenues shoulda. fall

  What is the per-worker production function

Country A and country B both have the production function: Y=f(K,L)=K^(1/2)L^(1/2)

  How can economics and comparative advantage explain

The United States has been the largest exporter of corn for over 40 years. How can Economics and comparative advantage explain this? Other countries have no use for corn since they produce other foods.

  Write conditions that exist when economic profits are

what conditions exist when economic profits are maximized? what is the difference between economic and accounting

  Write down the normative economic statement and positive

write down the normative economic statement and positive economic statement. describe in detail write difference when

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd