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Home Question Bank Economics Archive 2024 December 06

Economics Questions from Dec 06,2024

Browse the Economics Q&A Archive for Dec 06,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Suppose that you decide to buy a car for \( \$ 26,635 \), including taxes and license fees. You saved \( \$ 7000 \) for a down payment and can get a five-year car loan at \( 6.95 \% \). Use PMT \( =\frac{P\left(\frac{r}{n}\right)}{\left[1-\left(1+\frac{r}{n}\right)^{-n t}\right]} \) to find the monthly payment and the total interest for the loan. The monthly payment is \( \$ \square \). (Round to the nearest cent as needed.) Travelez buys dollars at a rate of ( \( \$ 1.8) /(€ 1 \) ). Joseph is going on vacation and wants \( € 400 \). How many dollars must he give to get €400? Travelez buys dollars at a rate of ( \( \$ 1.8 \) )/( \( € 1 \) ). Joseph is going on vacation and wants \( € 400 \). How many dollars must he give to get € 400 ? (A) \( \$ 720 \) The movement of the progress bor moy be uneven becouse questions con be worth more or less (including zero) depending on your onswer. Tessa had \( \$ 110 \) in her checking account. She paid her cable/internet bill for \( \$ 75 \). She deposited \( \$ 50 \) from her part-time job before writing a check for \( \$ 85 \) to pay her credit card bill. What is Tessa's account balance? 170 dollars 320 dollars 0 dollars -100 dollars Soit un capital de 725.000 USD placé au taux de \( 7 \% \). Calcul ntérêt produit : - Pour une période de 324 jours - Pour une période de 10 mois \( \$ 20,000 \) is invested in an account paying \( 1.7 \% \) interest compounded continuously. Th amount \( A(t) \) in the account after \( t \) years is given by the exponential function \( A(t)=20,000 e^{0.017 t} \). 1. Determine the amount in the account after 15 years. (Round to two decimal place 2. How many years will it take for the account to grow to \( \$ 30,000 \) ? (Round to 3 decima places) The cost of a basket of goods was \( \$ 80 \) last year. If the basket of goods costs \( \$ 88 \) this year. What is the inflation rate? (A) \( 10 \% \) Alexei has just graduated and is starting his very first "real" job. The following are his expenses each month: \( \$ 1400 \) for rent (utilities are included) montly \( \$ 199.13 \) car payment monthly \( \$ 200 \) insurance payment monthly \( \$ 65 \) weekly groceries \( \$ 269.53 \) monthly for school loan payments If Alexei wants to save all leftover in an account, how much would he be depositing monthly in a savings account if his monthly income is \( \$ 2501.61 ? \) \( \$ 172.95 \) If Alexei has no other expenses and puts all that money into a savings investment account each month earning \( 2.15 \% \) compounded monthly, how much will he have in that account in 4 years? \( \$ 8829.57 x \) 95. กระเป่าใบหนึ่งราคา 3,500 บาท ต้องการขายให้ได้กำไร \( 20 \% \) จะต้องติดป้ายขายในราคากี่ บาทจึงจะได้กำไรตามที่ต้องการ ถ้าต้องเขียนป้ายลดราคาจากป้ายอีก \( 20 \% \) \( \begin{array}{ll}\text { 1. } 5,250 \text { บาท } & \text { 2. } 5,000 \text { บาท } \\ \text { 3. } 4,500 \text { บาท } & \text { 4. } 4,200 \text { บาท } \\ \text { 5. } 4,000 \text { บาท } & \end{array} \) Suppose you borrow money for 6 months. If the interest rate is compounded monthly, the formula \( \mathrm{A}=\mathrm{P}\left(1+\frac{\mathrm{r}}{12}\right)^{6} \) gives the total amount A to be repaid at the end of 6 months. For a loan of \( \mathrm{P}=\$ 2000 \) and an interest rate of \( 9 \%(\mathrm{r}=0.09) \), how much money will you need to pay off the loan? \( \$ \square \) (Round to the nearest cent as needed.)
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