QUESTION #22: Refer to Figure 6.5. Oel's budget constraint is BD. If the price of CDs decreases, hernew budget constraint becomes A) AD. B) AO. C) CD. D) EF.

Q: How does the credit card company calculate the interest payment?

A: The credit card has been an important tool to increase the purchasing power. This facility has…

Q: Ted's car is now worth $9000, which is 60% of what he paid for it. What did he pay for his car?

A: Present worth is present value or value for now which is calculated after wear and tear,depreciation…

Q: It refers to annuity that doesn’t start until some time in the future.   a Late Annuity   b…

A: An annuity refers to a contract designed to provide a certain a amount of income which is payable at…

Q: Other than lenders, who else might use your credit score and why?

A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…

Q: Why should you talk to your banker before beginning to look for a home? to get a building inspector…

A: Although looking for a home can be exciting and enjoyable, serious homebuyers should begin their…

Q: Why would someone choose a fixed rate loan over a variable rate loan?

A: In the field of economics, a loan is defined as the act of lending money or resources by one party…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: The advantage of a loan is that: its transaction costs are low. it can be tailored to the needs of…

A: Loan: A loan is a sum of money borrowed from a lender with the agreement that it will be repaid,…

Q: PAYMENT HISTORY,CAPACITY,LENGTH OF CREDIT,NEW CREDIT and MIX OF CREDIT  how do the above factors…

A: Payment History, Capacity, Length Of Credit, New Credit and Mix of Credit are some of the most…

Q: How do you build housing in wealthy neighborhoods?

A: It's generally not feasible because of the value of the land. In wealthy areas, land is expensive…

Q: lla Stein paid $187.50 interest on a loan of $12,000 for 3 months. What was the rate of interest she…

A: Interest amount =$187.5 Loan amount =$12000 Time=3 months

Q: How do we use time value of money in our everyday lives?

A: In life, we see that usually the price of most of the goods were cheaper last year than today. Time…

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: Q) Joe just completed his engineering degree and started to work for an engineering firm. Joe wants…

A: Interest rate can be calculated by using the following formula.

Q: Does IRS have my direct deposit info?

A: IRS stands for Internal Revenue Service which represents the federal government's revenue services,…

Q: Summarizes some of the interest formulas?

A: Simple interest = (P*R*T)/100 where, P : Principal amount            R : Rate of interest per annum…

Q: Find the savings if the income is $8443 and the consumption is $4022

A: Here, given information is: Income: $8443 Consumption: $4022 To find: savings

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: GIVE TWO EXAMPLES ON DEFERRED ANNUITY

A: In a market, deffered annuity refers to the amount of  moeny that an individual will gain in the…

Q: Please help with part D

A: A Pareto efficient allocation is one in which one party can be made better off only at the cost of…

Q: Common technology uses on daily basis

A: Technology is the method by which we put scientific knowledge to practical use. It encompasses not…

Q: How Do You Manage Your Credit Card Debt?

A: Credit cards have become a everyday part of our lives and is convenient to use. It is often, that we…

Q: If you put your $100 into a saving account which earns 5% interest, how long does it take for your…

A: Given information: Amount kept in saving account = $100 Interest rate = 5%

Q: How you will convert your money into specific crypto?

A: There are a few different ways to convert your money into cryptocurrency. You can use an online…

Q: A financial institution (loan shark ) is willing to lend you $400. You pay $450 after one week. a)…

A: The effective interest rate will be including the compounding period into consideration while…

Q: You can afford a $900 per month mortgage payment. You've found a 30 year loan at 6.5% interest. a)…

A: Given  Monthly mortgage payment A = $900 Time t= 30 years  Rate of interest =6.5% compounded…

Q: What should you do before you start looking at homes to buy? Spend everything you earn. Take out as…

A: A credit rating is a metric that assesses a person's or a company's potential to pay back a debt…

Q: Maria takes out a 30-year mortgage at 5.5% to buy a house that costs $280,000. She must have a down…

A: Note: As per the guidelines, we are allowed to only answer up to 3 sub-parts, so we will answer the…

Q: Explain the content and purpose of a credit report?

A: A credit report is a detailed summary of a person's credit history and financial behavior. It…

Q: Automobile repair shops typically recom- mend that their customers change their oil and oil filter…

A: Total miles driven in a year = 52000 Filter change cost = $31

Q: Jocelyn wants to buy a 72 inch flat screen TV to enjoy her birthday video highlights. It sells for…

A: Given: Selling price of TV = $2000Down payment = $1000Installment for the time period = 6 months

Q: What does the interest rate you determine represent?

A: The interest is a specific percentage of the principal amount that is lent, borrowed, or deposited…

Q: Name one potential benefit of using credit cards?

A: A credit card is a payment card that allows the cardholder to borrow funds from a bank or financial…

Q: Please write this at least 1500 word. Must write this in 1500 word please and also provide the…

A: The International Monetary Fund (IMF) is an independent international organization and a cooperative…

Q: You are in the market to buy a used car. Your monthly budget allows for a $300 per month car payment…

A: Monthly Budget: $300 Loan duration: 4 years = 48 months APR: 3%

Q: List the elements of Transactions involving Interest?

A: Interest is a charge made to a lender in addition to the principal by a borrower, and it is a…

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.