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Question: A house was bought for $200,000 using a 20 year mortgage at 12% interest rate. After the 120th payment it was refinanced with 6% interest rate mortgage for 10 years. What is the reduction in monthly payments?
a. $356
b. $412
c. $498
d. $505
Adam Smith wrote of, "The Invisible Hand" in economics. Give a critical evaluation of the way in which this concept has been affected by the theories of Maynard Keynes, Karl Marx, Milton Friedman and political expediency and/or dogma.
Suppose that VerizonWireless has hired you as a consultant to determine what price it should set for calling services. Suppose that an individuals' inverse demand for wireless services in the greater Boston area is estimated to be P = 100 - 33Q and t..
Consider a game in which there are two players, A and B. Player A moves first and chooses either Up or Down. If A chooses Up the game is over, and each player gets a payoff of 2. If A moves Down then B gets a turn and chooses among Left and Right. If..
Explain the factors determining the country's productivity. How the country's policies influence its productivity growth? How the country's financial system is related to key macroeconomic variables?
An investor purchases a three-year, zero-coupon corporate bond with a face value of $100,000. At the time the original purchase was made, the yield on the bond was five percent. One year later, the investor sold the bond, and realized a rate of retur..
Because of America's large budget deficits, the government is borrowing much from foreign countries. There are experts who believe, it is not economically wise for foreigners to hold so much of U.S assets.
OSHA should relax many of its workplace safety regulations, for instance, by relying on workers to take precautions rather than requiring expensive safety devices on machines and tools.
Apple's $1.29-for-the-latest-songs model isn't perfect and isn't it too much to pay for music that appeals to just a few people?
Explain how you would assess the opportunity cost of seeing Good Times in concert. What is the opportunity cost of going to Good Times' concert?
Which of the following events would shift money demand to the right? Which of the following properly describes the interest-rate effect that helps explain the slope of the aggregate-demand curve?
What did you find challenging in completing the scenario (i.e., information network layout, etc.)? How does this additional information factor into effective distribution strategies?
Discuss possible insights that analyzing the mass of data might reveal. Compare and contrast the results of using pattern discovery and a traditional BI analytics dashboard.
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