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The Credit Company offers to loan a college student $6300 for school expenses. Repayment of the loan will be in monthly installments of $266.73 for 30 months. The total repayment of money is $8,001.90, which includes the original $6300, $1248.01 in interest charges, and $453.89 for a required life insurance policy covering the amount of the loan. Assume monthly compounding of interest. What nominal interest rate is being charged on this loan? The nominal interest rate that is being charged on this loan is ..........% per year?
Consider two labor markets, A and B. Wages in labor market A rise. This could be due to
What factors led to the mortgage default crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing
Use a budget constraint and indifference curve to show and elucidate how your consumption changes.
Think about a firm that you have done business with recently. What industry does this firm belong to For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under
Calculate Max's marginal utility from snorkeling at each number of hours per day. Does Max's marginal utility from snorkeling obey the principle of diminishing marginal utility.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
What are the necessary conditions for economic efficiency? In what four situations might a market fail to achieve ideal economic efficiency?
q. db - does microsoft have a monopoly over operating systems?former dean of the sloan school of management at
If you were to learn that a bottle of gatorade increased in size from 2009 to 2010, should that information affect your compute of the inflation rate.
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
Why is your topic important? What is(are) the policy(s) that you are going to discuss in your paper? Identify the relevant literature
What are the 4 types of unemployment? Please explain the current situation of employment in the United States; how does it differ for the long-term unemployed (over 6 months)
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