Business
Business, 04.11.2020 18:20, codysaucier2823

You need some money today and the only friend you have that has any is a miser. He agrees to loan you the money you need, if you make payments of $30 a month for the next six months. In keeping with his reputation, he requires that the first payment be paid today. He also charges you 2 percent interest per month. How much total interest is he charging?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 21:10, elijahedgar876
Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.
Answers: 3
image
Business, 22.06.2019 22:50, PinkyUSA18
Which of these makes a student loan different from other types of loans
Answers: 1
image
Business, 23.06.2019 02:00, nett4386
Acompany sells garden hoses and uses the perpetual inventory system to account for its merchandise. the beginning balance of the inventory and its transactions during september were as follows:
Answers: 2
image
Business, 23.06.2019 03:00, mprjug6
3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?
Answers: 2
Do you know the correct answer?
You need some money today and the only friend you have that has any is a miser. He agrees to loan yo...

Questions in other subjects:

Konu
Mathematics, 20.09.2020 05:01
Konu
Mathematics, 20.09.2020 05:01
Konu
Mathematics, 20.09.2020 05:01