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DedPeter [7]
3 years ago
9

Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in

terest
Business
1 answer:
madam [21]3 years ago
5 0
The best option for her to choose is the one called Anual Compounding. With the rest of the compoundings she will have to pay more money. With a semi-annual rate she wil have to pay almost 1000 dollars more than in an anual compounding. With a quarterly period she will have to pay almost the same amount as a semi-annual period. Now with a monthly period she would have to pay almost 2000 dollars of interest.
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For each of the following monetary policies, calculate the change in money supply.1. The Fed purchases $500 worth of bonds from
Keith_Richards [23]

Answer:

1. change in money supply= 500*10=$5000

2. change in money supply = 800*5 = $4000

3. change in money supply = 3000* 2= $6000

4. change in money supply = 500* 10 = $5000

5. change in money supply = 5,000,000*50 =$250,000,000

Explanation:

Change in money supply=  change in reserves* money multiplier

money multiplier = 1/ reserve ratio

6 0
3 years ago
The positive effects of allowing employees to manage workflow is that _______. a. Overall, the level of productivity increases b
Galina-37 [17]
A. overall productivity increases. This is because B and C are both negative things anf the question asks for positive things, and D doesnt make sense since the employees are working more since they are managing work flow, not the managers
6 0
4 years ago
Read 2 more answers
Don James purchased a new automobile for $15,000. Don made a cash down payment of $3,750 and agreed to pay the remaining balance
Kamila [148]

Answer:

The monthly payments are calculated below.

Explanation:

Total monthly instalments= 15,000-3,750

=11,250

Amount payable at 24% annual financing;

A=P (1+r/100)n

=11,250(1+24/100)30/12

=$642

FV=PV (1+r)n

i) FV=12,000*(1.08)16

= $41,111

 

ii) FV =16,000*(1.05)15

= $33,263

iii) FV =29,000*(1.11)12

= $101,455

iv) FV =49,000*(1.04)7

= $64,481

3 0
3 years ago
True or false: Checkable-deposit money created through lending by banks is not part of the money supply.
USPshnik [31]

Answer: False

Explanation:

5 0
3 years ago
Calculate the accounting
kondor19780726 [428]

Answer:

(a) $60; $20 million

(b) $25; -$5 million

(c) $10; -$10 million

(d) -$25; -$75 million

Explanation:

(a)

Accounting Profit = Total revenues - Explicit cost

                              = $150 - $90

                              = $60 million

Economic Profit = Accounting Profit - Implicit cost

                           = $150 - $90 - $40

                           = $20 million

(b)

Accounting Profit = Total revenues - Explicit cost

                             = $125 - $100

                             = $25 million

Economic Profit = Accounting Profit - Implicit cost

                           = $125 - $100 - $30

                           = -$5 million (that's a negative $5 million)

(c)

Accounting Profit  = Total revenues - Explicit cost

                              = $100 - $90

                              = $10 million

Economic Profit = Accounting Profit - Implicit cost

                           = $100 - $90 - $20

                           = -$10 million (negative $10 million)

(d)

Accounting Profit = Total revenues - Explicit cost

                             = $250 - $275

                             = -$25 million (negative $25 million)

Economic Profit = Accounting Profit - Implicit cost

                           = $250 - $275 - $50

                           = -$75 million (negative $75 million)

7 0
3 years ago
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