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You borrowed $20,000 at a rate of 12% compounded monthly. It will be paid back in 60 equal payments over the next 5 years. Immediately after your 30th payment, you decide to pay off the balance. How much do you have to pay?
Business Economics, Economics
An article describes a study that appeared in the journal Pediatrics. In this study, researchers looked at records of 2500 children who were participating in a long term health study. They found that 10% of these childre ...
Imposing a tariff leads to the existence of two deadweight triangles, which are the Consumption distortion and Production distortion losses. It is easy to understand why consumption distortion constitutes a loss for soci ...
IMAGE Manufacturing is an electronics manufacturer and retailer. Its main products are Ultrabook computers, PCs and calculators. The current price of the Ultrabook is $ 600, the PC is $700 and the calculator is $30. This ...
Let X denote the number of spots on a single throw of a fair 6-sided die. Find the mean, variance, and standard deviation of X. If you can, relate the mean and variance to the mean and variance. the possible values on th ...
A company has two divisions. The first produces an operating system for smartphones. The other division manufacturers and markets its own smartphone. Of course, the company's smartphone runs on its own operating system. ...
If the probability of either outcome A or outcome B arising during a single random process is 0.4 and we also know that the probability of outcome A is 0.2 while the probability of outcome B is 0.3, how are these two out ...
How might profit maximization lead to higher demand for female workers and result in female workers earning higher wages than male workers in the same firm?
A farm has two types of trees: 30% are orange trees (O) and 70% are apple trees (A). Frost (F) has damaged 40% of the orange trees (F|O)=0.4 and 10% of apple trees. What is the probability that a randomly selected tree w ...
Explain the long-run effects of the guiding function of price.
A simple random sample of n (shown on right) observations from a normally distributed population with a known standard deviation of σ (shown on right), compute the margin of error with (1 - α)100% confidence (α shown on ...
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