Business, 26.06.2020 15:01 kimberlyvazquez1121
You are considering purchasing a piece of industrial equipment that costs $30,000. You decide to make a down payment in the amount of $5,000 and to borrow the remainder from a local bank at an interest rate of 9%, compounded monthly. The loan is to be paid off in 36 monthly installments. What is the amount of the monthly payment
Answers: 3
Business, 21.06.2019 21:30
Asavings account that pays interest every 3 months is said to have a interest period
Answers: 1
Business, 22.06.2019 06:40
After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?
Answers: 1
Business, 22.06.2019 08:30
Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?
Answers: 2
Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
Answers: 3
You are considering purchasing a piece of industrial equipment that costs $30,000. You decide to mak...
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