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You bought a $100 used guitar and agreed to pay for it with a single $120 payment at the end of 6 months. Assuming semi annual (every 6 months) compounding,
A) Calculate the nominal interest rate
B) Calculate the effective interest rate
Business Economics, Economics
Suppose that there is a prize ceremony awarding prizes to 10 ?nalists. Each ?nalist is going to get exactly one prize, but assume that each has an equal probability of receiving any given prize. The grand prize is $5000, ...
How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.
Wendy's fast-food restaurant sells hamburgers and chicken sandwiches. On a typical weekday, the demand for hamburgers is normally distributed with a mean of 500 and standard deviation of 90 and the demand for chicken san ...
You ask your roommate to mail a letter for you. Suppose there is a 0.21 probability your roommate will forget to mail it. Should your roommate mail your letter, there is a 0.9 probability that Canada Post will deliver t ...
A firm undergoes a learning curve over its first few years of existence In its first year, its cost function is C(Q)= 128 + 3Q + 2q 2 with MC= 3 + 4Q In its second year, its cost function is C(Q)= 100 + 2Q + q 2 with ...
A Wall Street Journal article noted that a study by U.S. Congressional Budget Office "estimated raising the minimum wage to $10.10 per hour reduced U.S employment by 500,000 but lift 900,000 Americans out of poverty ". a ...
Suppose that you have $5000 and you are contemplating the purchase of two investments, IBM and Walgreen's. One year from now, IBM can be sold at $ X per dollar invested, and Walgreen's can be sold for $ Y per dollar inve ...
How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.
With smaller companies saving thousands and larger companies saving billions through flexible manufacturing, if you are a discrete parts manufacturer seeking to be more lean, it is important to consider whether this migh ...
Why do we say there is no unemployment in our standard frictionless model? And why do we HAVE unemployment in a labor market with frictions?
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