Loan payments of $2,750 due 96 days ago and $3,100 due today are scheduled to be repaid with a payment of $3,620 in 33 days and the balance in 129 days. If money earns 6% p.a. simple interest, what is the size of the final payment? Use 129 days from today as the focal date.

Loan payments of $2,750 due 96 days ago and $3,100 due today are scheduled to be repaid with a payment of $3,620 in 33 days and the balance in 129 days. If money earns 6% p.a. simple interest, what is the size of the final payment? Use 129 days from today as the focal date.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: alculate the marginal rate of substitution (MRS12) for the following utility function: U(q1,q2)=…

A: Marginal rate of substitution refers to the slope of an indifference curve. It is calculated as the…

Q: In the balance of payments, capital and financial account inflows might lead to future current…

A: The balance of payments( BOP), can be defined as a statement of all deals made between realities in…

Q: game is played with complete information, is a tit-for-tat strategy case? Explain using your own…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first 3 question for you. If…

Q: If 45 units are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute…

A: A good's price elasticity of demand is a measure of how sensitive the quantity demanded is to its…

Q: What does Hakes & Sauer conclude about the Moneyball Hypothesis? What evidence do they present to…

A: According to the Moneyball hypothesis, players with a higher on-base % are more valuable than those…

Q: Mike Wazovsky runs a business that produces marmalade in small jars. He is proud of his business…

A: ATC (Average Total Cost) Average total cost refers to the cost of production per unit of output.…

Q: Explain what does it mean by a double counting problem in calculating national output. How can we…

A: National income defines a country's wealth. It is the total value of goods and services produced…

Q: Year Price of Hot Dogs Quantity of Hot Dogs Price of Hamburgers Quantity of Hamburgers 2018 $1 100…

A: "GDP represents the market value of all the final commodities and services produced in an economy at…

Q: What is the economic mechanism assuring that the consensus mechanism works so that all miners would…

A: Economic mechanism: It is an instrument used by various companies to grow. This instrument is a…

Q: Menagerial economics & policy Mcq's 11) Marginal product is zero when a) TP is at…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first three subparts for you…

Q: Pre Pillar Co makes decorative candles which are made from a special organic blend of beeswax,…

A: Given information Table Demand function shows the relation between demand and price of the product.…

Q: If period 1 is the base year, the bundle price of goods in period 1 is $200, and the bundle price of…

A: Price bundling (item packaging or item group evaluating) is a showcasing methodology that joins at…

Q: Provide answers IN YOUR OWN WORDS 2. What is the significance of understanding the economic role of…

A: Financial institutions refers to those organizations which provide various kinds of financial…

Q: 1. Is GDP an adequate measure of national economic activity? 2. Should GDP be replaced by a new…

A: The Gross Domestic Product (GDP) refers to a metric that measures the size and health of a country's…

Q: A business man borrowed P 200,000 and agrees to pay P 47,719.73 annually for X years at the rate of…

A: Given Borrowed amount P=200,000 Annual payment A= 47,719.73 number of years =X rate of interest =…

Q: Q2. The production function is y = LK¹ and (p = $10,w = $20,r = $15). (1) Show whether the…

A: Optimal input bundle is where Marginal product of labor (MPL) / Marginal product of capital (MPK) =…

Q: The economy's unemployment rate is 2% and the inflation rate is 18%. The most appropriate policy for…

A: As we know that Phillips curve shows the relationship between inflation and Unemployment rate . And…

Q: what arguments did you find most persuasive about why the Framers were right to keep the Convention…

A: The Constitution has been usually called "a bundle of compromises," which is an accurate…

Q: The U.S. health care system is changing, including becoming more data-driven, evidence-based,…

A: Medical education establishes a commitment to learning over the course of a physician's career to…

Q: Dali enjoys cool drink (c) and steak (s) for lunch. His monthly lunch budget is R600. His total…

A: "Consumers buy commodities and services in order to satisfy their demands. If the consumer is…

Q: Which cost drivers and/or value driver are important for creating superior total economic value? Use…

A: An activity or ability that adds value to a product, service, or brand is referred to as a value…

Q: P = -40a +50 P = 40, +10 A tax of 8JD is imposed on every unit sold Answer the question in…

A: Demand refers to how much of a product buyers are willing to buy at various price points over a…

Q: Suppose, in the New Keynesian open economy model, that there is a negative shock in future total…

A: In an open economy, there are 4 sectors, that is the household, the producers, the government and…

Q: Price (S/unit) $100- 90 588888888 80 70 60- 50- 40 30- 20 10- D₁ 0 10 20 30 40 50 60 70 80 90 100…

A: Price floor In a market, the prices of the commodity and services are set by the demand and supply…

Q: 2. Suppose Jill derives utility from not only consuming goods, but also from enjoying leisure time.…

A: Labor supply function is function that says how much labor hours are supplied are different wage…

Q: Once the government imposes a Tax per unit sold in a market, the following will occur, EXCEPT:…

A: Per unit tax is a fixed amount charged by the government for each unit of good being sold.

Q: a)In the two-period small open economy model, explain how the nation makes its choices. b) In the…

A: An open economy is a kind of economy where domestic elements as well as substances in different…

Q: Can tle long term growth of developed country like USA be explained by growth models? What model/s?…

A: The growth of the grown country analysis estimates the assistance of each of these three…

Q: how does the Leontief paradox relate/apply to the growth trajectory of a country? kindly give an…

A: Introduction Leontief argued that the Heckscher - Ohlin theorem predicts that a country will tend to…

Q: Government economic planning has a historically better record of creating prosperity than the free…

A: Free market refers to the economic system in which the private sector dominates the economy. In this…

Q: At a price of $4.66 per pound, the supply for cherries is 16,248 pounds, and the demand is 10,369…

A: P1=$4.66 S1=16248 pounds D1=10369 pounds P2=$4.16 S2=10643 D2=12641 We will form demand and…

Q: a) Determine: Price of Equilibrium_ and Quantity of Equilibrium b) Determine the effect of $60 Price…

A: Market equilibrium occurs where the Quantity Demanded = Quantity Supplied, that amount of quantity…

Q: Advocates of floating rate suggested it is favorable for economies for the following reasons except…

A: Floating Exchange Rate:- The floating exchange rate can be explained as a mechanism wherein currency…

Q: Question 6.2 1 You purchased an industrial oven five years ago for $80,000. O&M costs were $20,000…

A: Economic life refers to the duration or the number of years that an asset such as a machine remains…

Q: You are doing research on yield curves related to the spot rates of several different countries. You…

A: A yield curve refers to a curve that reflects the relationship between the yield or the interest…

Q: the Trade Minister argues that the country should not adopt ISI. They asks you to help her explain…

A: The exchanges of goods and services among nations through their national boundaries are considered…

Q: How is the steady-state determined after considering the role of technological progress?

A: The Steady-state in the Solow model occurs when the key variables like level of capital and output…

Q: What are the main components of measuring GDP with what is demanded? (briefly)

A: The market price of all finished (final) items and services generated in a country's economy during…

Q: s are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute value…

A: Price Elasticity of Demand: Price elasticity of demand implies to the % change in the quantity of…

Q: Consider the model of competitive insurance discussed in lectures (Topic 6.7). Peter is a risk…

A: Utility function can be defined as the measure for a group of goods and services preferred by…

Q: Consider an industry composed of only two firms, each producing an identical product. The two firms…

A: We have stackleberg competition between two firms and they both have identical costs.

Q: What are the factors affecting the demand for gasoline?

A: Gasoline is marketed established on octane statuses in three primary phases of gasoline: Regular…

Q: 3) If government spending increases at the same time the money supply increases, what effect will…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: consumer has set a budget of $600 for the consumption of good X and Y. The price of Good X is $20,…

A: Equilibrium condition: MUx/MUy = Px/Py

Q: (T/F) When price in a perfectly competitive market increased from $5 to $10, John's production…

A: A market system where all producers and consumers have full and symmetric information and there are…

Q: Take a practical example to describe a form of market structure. Draw illustrations if needed.

A: Market Structure refers to different categories in which industries are classified based on the…

Q: Case II: The Euro Debt Crisis and Switzerland Economy Switzerland has many envious economic data. It…

A: Answer - Than you for submitting the questions.But, we are authorized to solve only three sub parts…

Q: Consider the three figures to the right. If the firm were to employ an 8th unit of labor at the wage…

A: Average variable cost = Total variable cost / Output Marginal cost = Change in total cost / Change…

Q: 3)Consider the following table What is the total output when 2 labor are employed? Labour Total…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Question

Loan payments of $2,750 due 96 days ago and $3,100 due today are
scheduled to be repaid with a payment of $3,620 in 33 days and the
balance in 129 days. If money earns 6% p.a. simple interest, what is the
size of the final payment? Use 129 days from today as the focal date.
Round to the nearest cent.
Only handwritten answer with
clear handwriting I'll upvote
your answer

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Mr. Rahim is planning to pursue MBA studies. Initial inquiry shows that he will have topay USD20,000 as tuition fee, buy books for USD2,000, and pay for transport USD500. TheMBA study programme will extend over 18 months. Mr Rahim is working now with asalary of USD2,500 per month. Being a full time student, he will have to forego the incomefrom his present job for the period of study.Work out the (a) Financial cost, and (b) the Economic Cost of doing MBA
Mr. Rahim is planning to pursue MBA studies. Initial inquiry shows that he will have topay USD20,000 as tuition fee, buy books for USD2,000, and pay for transport USD500. TheMBA study programme will extend over 18 months. Mr Rahim is working now with asalary of USD2,500 per month. Being a full time student, he will have to forego the incomefrom his present job for the period of study.Work out the (a) Financial cost, and (b) the Economic Cost of doing MBA(Hint: Identify implicit costs and explicit costs)
C=400+0.75yd,I=200-100r,t=70+0.2y,g=100,x=10 derive is equation
Determine breakeven annual revenue: please draw CDF
! Pls answer All ! Engineering Economics Questions (bartleby = 3 max questions)1. Sarah wishes to turn her P 10000 investment into P 100000 in 20 years. How much interest doesshe need to receive compounded annually to reach her goal? 2. Gio promised to pay Php 36000 at the end of 90 days. He was offered a 12% discount if he paysin 30 days. Find the rate of interest. 3. What is the uninflated present worth of a Php 200,000 future value in two years if the averageinflation rate is 6% and interest rate is 10%
Profit is $132 000, accounts payable increased $10 000 during the year, inventory decreased $6000 during the year, and accounts receivable increased $12 000 during the year. Using the indirect method, what is net cash provided by operations?a. $104 000.b. $116 000.c. $124 000.d. $136 000.
30. A man secured a ₱ 7,280 loan at 5 % interest rate. Find the annual amortization to extinguish it in 2 years. Show solution
Eunice borrowed P 50.00 five years ago. Airish requires her to pay P 100.00 five years from now. If Eunice wants to pay it now, how much should she pay to settle the liability?
Supose QD=-5D+44 and Qz=p-4 Theh equilibrieumm price is a)10 b)7 c)8 d)9
Gabe purchases a $500 bond that has 6 remaining semi-annual 6% coupon payments for $450. What would be his return per half year period? Round entry to 1 decimal place. The tolerance is ±0.4.
Draw a cash flow diagram for someone who gets subsidized student loans their senior year: Receive $2200 September 2019 & $2200 January 2020, 7.2% annual interest begins accruing monthly on Nov. 1, 2020. They pay $110 on Dec. 1, 2020 & Jan. 1, 2021, and pay off the remaining balance Feb. 1, 2020. You may assume all the monthly interest payments are equal to the first, for simplicity, though they actually decline slightly.
For each of the following problems, (a) draw the cash flow diagram; (b) present clean and clear manual solutions to the problem; (c) highlight the final answer (only the final answer as required by the problem) by enclosing it within a box. An equipment has a first cost of $200,000, an annual operating cost of $50,000 and a salvage value of 25% of the first cost after 5 years; these estimates being in future dollars. Determine the present worth, assuming an interest rate of 10% and an average inflation rate of 4%.