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Home Question Bank Economics Archive 2025 January 01

Economics Questions from Jan 01,2025

Browse the Economics Q&A Archive for Jan 01,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Your business requests a 3-month loan for \( \$ 450,000 \). What will be the interest paid at the end of the term if the business risk percentage is assessed at \( 2.2 \% \) and LIBOR is at \( 1.8 \% \) ? Interest Paid \( =\$[?] \) Round to the nearest hundredth. Assignment Question 15, P5-23 (similar to) HW Scors: 1815\%, 364 of 20 poits Points: off 1 Save investod in this product? The annual rato of rifrest you would ean if you invested in this prodidi is \( \square \) (Round to Be neareat wholo percent) HW Scors: \( 13.18 \%, 2.64 \mathrm{dt} 20 \) points Question 17, P5-26 (similar to) Points: 0 of 1 (Related to Checkpoint 5.6 ) (Solving for 1 ) You lond a triend \( \$ 10,000 \), lor which your triend will repay you \( \$ 36,352 \) at the ond of 6 yoars. What interest rato are you chargro your trient? The inferest rate you are charging your triend on the loan is \( \square \) 5\% (Round to the noarest whole percent) ssignment (Related to Checkpoint 5.4 ) (Comparing present and future values) You are offered \( \$ 100,000 \) today or \( \$ 360,000 \) in 14 years. Assuming that you can earn 15 percent on your money, which should you choose? If you are offered \( \$ 360,000 \) in 14 years and you can earn 15 percent on your money, what is the present value of \( \$ 360,000 \) ? \( 18.18 \%, 2.64 \) of 20 points \( \$ \square \) (Round to the nearest cent.) (Solving a spreadsheet problem) If you invest \( \$ 850 \) in a bank where it will earn 11 percent compounded annually, how much will it be worth at the end of 9 years? At the end of 9 years, your bank account will be worth \( \$ 217433 \). (Round to the nearest cent) Which Excel formula below would conrectly solve this problom? (Select the best choice below) A. \( =\mathrm{FV}(0,11,-850,9,0) \) B. \( =\mathrm{FV}(11,9,0,-850) \) C. \( =\mathrm{FV}(0,11,9,0,-850) \) D. \( =\mathrm{FV}(11,0,9,-850) \) ssignment (Solving a spreadsheet problem) If you invest \( \$ 850 \) in a bank where it will earn 11 percent compounded annually, how much will it be worth at the end of 9 years? At the end of 9 years, your bank account will be worth \( \$ \square \). (Round to the nearest cent.) \( 8.18 \%, 1.64 \) of 20 points Part 1 of 2 Assignment (Related to Checkpoint 5.2 ) (Calculating future value) Bob Terwilliger received \( \$ 16,952 \) for his services as financial consultant to the mayor's office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he should not receive any compensation. So, he has invested his paycheck into an account paying 4.94 percent annual interest and has left the account in his will to the city of Springfield on the condition that the city could not collect any money from the account for 160 years. How much money will the city receive from Bob's generosity in 160 years? The amount of money the city will receive from Bob's generosity in 160 years is \( \$ \square \). (Round to the nearest cent.) Assignment (Related to Checkpoint 5.2 ) (Calculating future value) Bob Tenwiliger received \( \$ 12,542 \) for his services as financial consultant to the mayor's office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he should not receive any compensation. So, he has invested his paycheck into an account paying 3.74 percent annual interest and has leff the account in his will to the city of Springlield on the condition that the city could not collect any money from the account for 190 years. How much money will the city receive from Bob's generosity in 190 years? A. \( 18 \%, 1.64 \) of 20 points The amount of money the city will receive from Bob's generosity in 190 years is \( \$ \square \). (Round to the nearest cent) Thimilar to) 9. The market research department of a Company recommends that the Company to manufacture and market new TV after suitable test. The marketing department also presents the following demand equation. \( X=28,000-2000 P \) or \( P=14-x / 2000 \), where \( P \) is price and \( X \) is production. Furthermore, the financial department provides the following cost equation: \( C(X)=15 \), \[ 000+7 x \] Conduct a marginal analysis for the company and calculate the amount of the products that maximized total profit? 10. A company manufactures and sales \( X \) units of DSTV per month. If the monthly cost and demand equations are: \[ \begin{array}{l} C(X)=10,000+4 x \\ P(X)=20-\frac{X}{2,000} \quad P \text { is price }[0,4000] \end{array} \] For each month find:- 1) The production level that leads to maximum revenue and the maximum revenue. 2) The production levels that leads to maximum profit and the maximum profit. 3) The production level that leads to minimum cost and the minimum cost. (Related to Checkpoint 5.2 ) (Calculating future value) Tennessee Mosallam, who recently sold their Porsche, placed \( \$ 10,200 \) in a savings account paying annual compound interest of 6 percent. a. Calculate the amount of money that will accumulate if Tennessee leaves the money in the bank for 2, 6, and 16 year(s). b. Suppose Tennessee moves their money into an account that pays 8 percent or one that pays 10 percent. Rework part a using 8 percent and 10 percent. c. What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did? a. After placing \( \$ 10,200 \) in a savings account paying annual compound interest of 6 percent, the amount of money that will accurnulate if Tennessee leaves the money in the bank for 2 year(s) is \( \$ 11460.72 \). (Round to the nearest cent.) If they leave the money in the bank for 6 years, the amount of money that will accumulate is \( \$ 14468.90 \). (Round to the nearest cent.) If they leave the money in the bank for 16 years, the amount of money that will accumulate is \( \$ 25,911.59 \). (Round to the nearest cent) b. If Tennessee moves their money into an account that pays 8 percent compounded annually for 2 year( s ), the amount of money that will accurnulate is \( \$ 11897.28 \). (Round to the nearest cent.) If Tennessee moves their money into an account that pays 8 percent compounded annually for 6 years, the amount of money that will accurnulate is \( \$ 16186.11 \). (Round to the nearest cent) If Tennessee moves their money into an account that pays 8 percent compounded annually for 16 years, the amount of money that will accumulate is \( \$ \) \( \square \) (Round to the nearest cent)
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