Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Question: Your brother has decided to purchase a new automobile with a hybrid-fueled engine and a six-speed transmission. After the trade-in of his present car, the purchase price of the new automobile is $30,000. This balance can be financed by the auto dealership at 2.9% APR and payments over 48 months.

Compounding of interest is monthly. Alternatively, he can get a $2,000 discount on the purchase price if he finances the loan balance at an APR of 8.9% over 48 months. Should your brother accept the 2.9% financing plan or accept the dealer's offer of a $2,000 rebate with 8.9% financing?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92314968

Have any Question?


Related Questions in Microeconomics

Question describe your expectations on finding law from

Question: Describe your expectations on finding law from anywhere in the world by use of the internet. Why is it important to have a uniform method of citation of that law? The response must be typed, single spaced, must ...

Question -a a price-discriminating monopolist serves two

Question - a. A price-discriminating monopolist serves two markets: young professionals and university students. The demand curve of the young professionals for this product is q 1 = 100 + 40p 1 - p 1 2 and the demand cu ...

Question 1 have you personally experienced globalization

Question: 1) Have you personally experienced globalization? How? 2) Write a two argument bullet points in favor or against globalization citing minimum one source. The response must be typed, single spaced, must be in ti ...

Question the first reading you had this semester was i

Question: The first reading you had this semester was I, Pencil. What was the lesson of this reading? How would a tax on lumber affect the coordination of all actors needed to make a pencil? Do you think this would resul ...

Question an investment of 5000 in biotech common stock

Question: An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment? The response must be typed, singl ...

Question - janice really likes potatoes at best any other

Question - Janice really likes potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $1.00 per pound, and she has $6.00 that she could possibly spend on potatoes or other items. Suppose she ...

Question professor xavier is creating a budget for his

Question: Professor Xavier is creating a budget for his recently awarded 9-year research grant. His research requires machinery that has an initial cost of $49993. He will need to pay for maintenance on the machinery beg ...

Question shortly after world war ii the us occupying forces

Question: Shortly after World War II, the US occupying forces set the value of the Dmark and the yen below equilibrium values in Germany and Japan. Over the next 25 years, those countries both staged an amazing recovery. ...

Quesiton consider the following economyplease follow

Quesiton: Consider the following economy: Please follow directions and label answers e & f: 1,2, and 3 C = 1200 + .63 Y I = 1750 - 1500 R NX = 50 -.1 Y - 500 R M = (.1625 Y - 1000 R) P a. If G = 1,200 and M = 800, calcul ...

Question firms engage in an activity called forward pricing

Question: Firms engage in an activity called "forward pricing" when they establish, during the early stages of the learning curve, a price for their product that is lower than their actual costs, in anticipation of lower ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved