You want a bank loan in order to buy a car (with no down payment of your own). You already own a house on which you pay $1,600 per month in mortgage payments, $300 per month in property taxes and $100 per month in utilities. Your gross family income is $80,000 per year. You have no other debts. The bank is willing to give you a loan which will be amortized over 5 years (i.e., 60 monthly payments). The interest rate is 6% p.a. (APR). Based on a Total Debt Service ratio of 40% (maximum), what is the maximum loan that the bank would grant you?
In: Finance
In a scene from a television show, a van rolls down an incline and off a vertical cliff, falling into a valley below. The van starts from rest and rolls down the incline, which makes an angle of 19.0° below the horizontal, with a constant acceleration of 3.06 m/s2. After rolling down the incline a distance of 55.0 m, it reaches the edge of the cliff, which is 40.0 m above ground level.
(a) How much time (in s) does it take the van to fall from the edge of the cliff to the landing point?
_______s
b) At the point where the van crashes into the ground, how far is it horizontally from the edge of the cliff (in m)?
____________m
In: Physics
A monopolist will shut down in the short run if:
| a. |
total revenue is less than total variable cost. |
|
| b. |
price is less than marginal revenue. |
|
| c. |
marginal revenue is less than price. |
|
| d. |
total revenue is less than total fixed cost. |
|
| e. |
marginal revenue is less than marginal cost. |
A movement from an abnormally high rate of unemployment toward a more typical level of unemployment would:
| a. |
move an economy from a point on the production possibilities curve to a point beyond the production possibilities curve. |
|
| b. |
decrease the productivity of the economy. |
|
| c. |
shift the production possibilities curve outward. |
|
| d. |
move an economy from a point inside the production possibilities curve toward the curve. |
|
| e. |
shift the production possibilities curve inward. |
A perfectly competitive firm cannot make economic profits in the long run because:
| a. |
consumers will eliminate its profits. |
|
| b. |
it is a price taker. |
|
| c. |
there are no barriers to entry or exit in the industry. |
|
| d. |
its advertising costs will rise to eliminate any economic profits. |
|
| e. |
it faces a perfectly elastic demand curve. |
In: Economics
The journal entry to record the purchase of equipment for a $210 cash down payment and a balance of $620 due in 30 days would include
Multiple Choice:
1. a debit to Equipment for $210 and a credit to Cash for $210.
2. a debit to Equipment for $830, a credit to Cash for $210, and a credit to Accounts Payable for $620.
3. debit to Equipment for $830 and a credit to Cash for $830
4. a debit to Equipment for $210 and a credit to Accounts Payable for $620
In: Accounting
A home is purchased for $169050. The homeowner pays $33810 down and finances the balance for 25 years at 7.25% compounded monthly.
a. Find the size of the payments rounded up to the next cent. $
b. How much of the first payment is interest? $
c. How much is still owed on the loan just after 140 payments. $
d. What is the owner's equity after 140 payments? $
e. How much is owed just before the 140 payment is actually made? $
In: Finance
A home is purchased for $134550. The homeowner pays $26910 down
and finances the balance for 20 years at 8% compounded
monthly.
a. Find the size of the payments rounded up to the
next cent.
I calculated it to be 900.34, but it is wrong.
b. How much is owed just before the 95 payment is actually
made?
I calculated it to be 23778.88 but it's also wrong.
Just after 95 payments are made, the loan is refinanced at 6.5%
compounded monthly.
c. If the duration of the original loan remains the same, find the
size of the new payments rounded up to the next cent.
d. If money is worth 5.25% compounded monthly to the homeowner,
what is the present value of the savings in interest at the time of
refinancing?
e. If the homeowner continues with the original payments, find the
number of full payments required to pay off the
loan.
full payments
f. Find the size of the smaller concluding payment at the end of
the next month.
In: Finance
The periodic table is broken down into rows and blocks such as the s, p, d and f blocks. Each block has different properties associated with them. It has been hypothesized that we could eventually reach a “g” block if enough elements were created.Hypothesize what kinds of properties a “g” block element would have. Would it be stable? Radioactive? What would its radius be like? Please explain your reasoning in 200 - 250 words.
In: Chemistry
a cart with a mass of 100 kg is traveling down a 5% grade. the coefficient of drag of the area is Cd = 0.05 based on a frontal area of 0.6 m^2. coefficient of friction for the wheels is mu = 0.0062. Find terminal velocity? assuming started at a standstill find distance to get to terminal velocity?
In: Physics
What are the events in the cell cycle? Can you break it down as far as possible into individual steps? Everything Ive read online has been very general
In: Biology
3. A ball rolls up and then back down an incline.Take the x direction to be upward along the incline, y to be perpendicular to the incline, and the origin to be at the bottom of the incline.
(a) Is it possible for an object to have a negative acceleration and yet be speeding up? If so, give an example; if not, explain why not.
(b) Is the ball’s velocity ever zero? If so, when?(c) Is the ball’s acceleration ever zero? If so, when?
(d) Sketch three graphs, showing (i) the x component of the ball’s acceleration as a function of time; (ii) the x component of the ball’s velocity as a function of time; and (iii) the ball’s x coordinate as a function of time.
In: Physics