9. While Jack was a student at the University of Georgia she borrowed $12,000in student loans at an annual interest rate of 9%. If Jack repays $1,500 per year then how long (to the nearest year) will it take him to repay the loan?
Q: What are the concepts, reasons and effects of market failure?
A: A market is a place where people get together to exchange goods and services. The two most frequent…
Q: Suppose we observe an increase in the world price of coffee beans. Which of the following best…
A: Shortage refers to a situation in which the demand for the good exceeds its supply. This leads to a…
Q: For the relationship graphed below: Household Spending = C ($/month) a Question 7 Homework…
A: Macroeconomics refers to the branch of economics dealing with the performance, structure, behavior,…
Q: Consider the experiment of a toss of two coins. A: observes one head. B: observes two heads.
A: Consider the experiment of a toss of two coins. A coin turns up either head (H) or tail (T) Sample…
Q: Menges developed the following econometric model for the West German economy*: Yt = β0 + β1Yt−1 +…
A: * ANSWER :- Given that,
Q: Liam acquired a machinery purchased for P 1,100,000.00 and paid or transportation charge of P…
A:
Q: Task 3: The population of the Republic of Butters is 165. Of these 165 individuals, 130 are in the…
A: The labor force is the sum of unemployed and employed people i.e., Labor force = Unemployed +…
Q: Given the following equations: Demand: Q = 90 - P Supply Q10 + 15P Solve for the equilibrium price…
A: Given that, Demand, QD = 90 - P Supply, QS = 10 + 15P To Find: Equilibrium Price and Equilibrium…
Q: What are the four factors of production? Thanks
A: Factors of production These ingredients required to produce a thing or service are known as elements…
Q: Suppose Jordan is open to free trade in the world market for oranges. Because of Jordan's small…
A: In an open economy, buyers and producers have an incentive to gain more from making economic…
Q: 2. For each of the following, identify the full cost (meaning opportunity cost) involved: a. Aaron…
A: Opportunity cost can be defined as the potential benefits that is given up by an individual or a…
Q: Scarcity implies that: it is impossible to completely fulfill the unlimited human desire for goods…
A: Human Wants: Human wants are described by the demand bend that defines the willingness of the people…
Q: Refer to Table 7-3. If the price is $1000, what is Jackson's producer surplus? Table 7-3 Seller Dale…
A: Answer..
Q: Below table shows the production possibilities for the country of Emilon: Rice Beef A 30 B 30 27 с…
A: Using all of its resources, the country could either produce 84 units of rice and no beef, or 30…
Q: The demand for coffee is given by the following equation, where QD stands for the quantity demanded…
A: Demand in economics refers to a consumer's desire or need to purchase products or services. Numerous…
Q: For the following production function: Y(K,L)= 25(KL)^(1/2) a) Compute the MRTS b) Define if…
A: Since you have provided multiple subparts questions, we will solve the first three subparts for you.…
Q: The amount of P100,000.00 was deposit in the bank earning an interest of 7.5% per annum. Determine…
A: F = P(1 + R)t It's the formula for the future value if P is the deposit amount today (or the present…
Q: Knoebels Amusement Park in Elysburg, Pennsylvania, charges a lump-sum fee, L, to enter its Crystal…
A:
Q: Need help with this. Picture 2 empty spots possible answers, You can choose only 1: Consider the…
A: When the price of sedans increased from $15k to $20k, it will lead to leftward movement on the…
Q: PRICE (Dollars per bike) 500 450 400 350 300 250 200 150 100 50 0 0 MC 50 100 150 ATC MR 200 250…
A: A scenario called monopoly happens once there's only 1 marketer within the market. The monopoly case…
Q: Calculate the present worth of 19 uniform payments of $10,800 that begin 1 year from now at an…
A: Answer..
Q: Consider an economy of four sectors, Agriculture, Energy, Manufacturing, and Transportation.…
A: Given, There are 4 sectors in the economy: 1. Agriculture (A) 2. Energy (E) 3. Manufacturing (M) 4.…
Q: What will be the amount of Current account BOP if the Trade balance is $165 and invisible balance is…
A: Balance of payment (BoP) has two components, i.e., current account and capital account. Current…
Q: Businesses in Finland sell a wide variety of products with manufacturing, woods, telecommunications,…
A: An unrestricted economy is one without government intercession or guidelines. In a simply…
Q: 14. A company is considering the purchase of one of two brands of supercomputers. The data on each…
A: Given, Two Brands : Brand A and Brand BMARR :12%
Q: Respond to the following in a minimum of 175 words: The business cycle represents the short-term…
A: Business cycle Business cycles are essentially identified by the co-movement of economic variables…
Q: Use a supply and demand graph to show the impact of the following on the equilibrium price and…
A: The demand curve for a product depicts the inverse relationship between the price of the product and…
Q: Step 1: Short-Run Equilibrium The following graph shows an aggregate demand (AD) curve and a…
A: In the diagram we can see that the economy is an equilibrium where the demand and the supply curve…
Q: A man expects to receive P20,000.00 in 8 years. How much is that money worth now considering…
A: The future worth formula is FV=PV(1+i)n , here the PV rises for every period into the future by a…
Q: The graph contains individual supply curves for the only two firms in a hypothetical market for…
A: here is the graph that contains individual supply curves for the only two firms in a hypothetical…
Q: 480 + 0.5YD I = 110 T = 70 G = 250 a. Calculate the private savings, public savings, and…
A: GDP (Gross domestic product) is a financial proportion of the market worth of the multitude of…
Q: How many years will P50,000.00 earned a compound interest of P10,000.00 if the interest rate is 10%…
A: Compound Interest refers to the interest paid on both the principal amount and also on any…
Q: 3. Explain how exchange rates can affect a firm’s global sales.?
A: We know that In the global market, products and services are traded on the basis of the exchange…
Q: 1) A consumer has the utility function U (x1, x₂) = x1.5x2.5 (a) In the same graph, draw the…
A: We are given the utility function as: U(x1, x2) = x10.5x20.5
Q: evaluate different approaches to conducting an external environmental analysis
A: The practice of identifying every internal and external factor that might have an impact on an…
Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…
A: When a repayment is made, the credit balance in the account is decreased. Additionally, the balances…
Q: Given this data: BP139,470.00 S = P18,202.00 n = 12 years What is the SYD depreciation charge D,…
A: In sum of years digit method of depreciation, we give more weightage to initials years and it…
Q: How did businesses change over the period 1870-1900? Provide three examples of successful people,…
A: The organisation and management of American industry underwent a significant transformation in the…
Q: Why did Vietnam experience a low economic growth rate in the decade after the end of the Vietnam…
A: The U.S. economy suffered significantly from the War In Vietnam. President Lyndon Johnson started an…
Q: Manual tasks are now replaced by automation where technologies are used to produce and deliver goods…
A: Automation refers to the use of technology to do some manual activities. It is simply the…
Q: Mexico and Brazil have very different trading patterns. While Mexico trades mainly with United…
A: The terms of trade are defined as the ratio of the index of export prices to the index of import…
Q: Evaluate how demand and supply in Jamaica affect and determine the country's foreign exchange rate.…
A: We need to check that how the demand and supply in Jamaica will affect the value of its currency…
Q: production function is q = f(L, K), where q is output, L is workers, and K is the fixed number of…
A: Average productivity of labour = Output/Labour = q/L Marginal productivity of labour = MPL = dq/dL
Q: Which of the following is not true about the hard-core unemployed? A. They have little education or…
A: In economics, a person is said to be unemployed if he/she is willing to work and actively looking…
Q: Why is the existence of a correlation (existence of co-occurrence or association) between and Fnot…
A: Correlation shows the relationship between 2 variables. Correlation is of 2 types negative and…
Q: Question Three A strategy is a function of a company’s external environment and a company’s…
A: A group of people may get together to create a corporation, which is a legal body used to conduct…
Q: 7. "We are fast approaching the stage of the ultimate inversion: the stage where the government is…
A: A government is a corporate body with the power to enact social standards within a certain…
Q: This graph shows the short-run aggregate supply curve (SRAS) of a hypothetical economy where the…
A: Nominal Gross Domestic Product (Nominal GDP) is the aggregate market value of all goods and services…
Q: 1. A company's sales (in dollars) appear to be increasing linearly. In 2015 the company's sales were…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The US government pays $10 million to Iran for crude oil to add to US government-owned oil reserves.…
A: GDP means the value of all final goods and services produced within the domestic territory of a…
9.
- While Jack was a student at the University of Georgia she borrowed $12,000in student loans at an annual interest rate of 9%. If Jack repays $1,500 per year then how long (to the nearest year) will it take him to repay the loan?
Step by step
Solved in 2 steps with 1 images
- If you invest $ 500 on Lending Circle at a rate of 5% for 1.5 years, how much will you have earned?How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3 years?Mr. Benedito, a grocery store owner, borrows $50,000.00 from a loan shark, handing him a $77,000.00 promissory note with a maturity of 6 months. What is the annual and monthly simple interest rate charged by the loan shark?
- URGENT! PLEASE WRITE LEGIBLE. Question Suppose we deposit $1500 into an account that pays a simple interest rate of0.5% each month. Find the amount of interest earned at the end of 3 years?You borrowed an amount of $15,000 and paid it $20,223 in 3 years. If the interest rate was compounded monthly, what is the nominal interest rate?How long in years will money double its amount if invested at 10% simple interest?
- Use the add-on method of calculating interest to find the total interest and the monthly payment. Amount of Loan Length of Loan Interest Rate 3.5% $1050 18 months The total interest is $ (Type an integer or decimal rounded to the nearest cent as needed.) The monthly payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.) 80 Q C F5 MacBook Air C F6 F7 DII F8 8 F9 J F10 F11 Next F12A department store has offered you a credit card that charges interest at 1.05% per month, compounded monthly. a. What is the nominal interest (annual percentage) rate for this credit card? b. What is the effective annual interest rate?Mr. Mallari borrowed P200, 000. The terms of the loan are 10% interest for 10 years with uniform payments. He just made his third annual payment. How much principal does he still owe?
- At what rate of interest will an investment double itself in 10 years?You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is the compound interest?Karen and Sophia want to buy a $225,000 home. They plan to pay 20% as a down payment, and take out a 30 year loan at 3.95% interest for the balance. a) How much is the loan amount going to be? b) What will the monthly payment be for Karen and Sophia? c) How much of the first payment is interest? d) What is the total of the payments? e) How much interest was paid?