Explain nominal or real interest rate
Suppose that your bank pays 5 percent interest on your savings account balance. is this the nominal or real interest rate? what would be your real interest rate?
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Gabriel carried no collision insurance and Jose was also an uninsured motorist. Assume Gabriel itemizes deductions in 2013. What is the casualty loss amount that Gabriel may deduct on his return?
The loan terms require monthly payments for 15 years at an annual percentage rate of 7.75 percent, compounded monthly. What is the amount of each mortgage payment?
What do the classical errors-in-variables (CEV) assumptions require in this application? Do you think the CEV assumptions are likely to hold? Explain.
If Suma is insolvent with assets of $30,000 and liabilities of $45,000 and one of Suma's creditors then cancels a debt of $25,000, what amount must Suma recognize as income?
suppose that your bank pays 5 percent interest on your savings account balance. is this the nominal or real interest rate? what would be your real interest rate?
Under the annuity, Kimberly will receive payments of $370 for each month of annuity's life. What amount of the annuity payments may be excluded from Kimberly's Gross Income for 2013 (assume all 12 monthly payments are made in 2013)?
Draw and explain a diagram that illustrates the vicious circle of poverty in DVCs. b). What positive role can government play in fostering economic growth in developing countries?
Compute the largest tax deduction possible in 2013 for the equipment (consider the Section 179 election, Bonus Depreciation, and MACRS, if applicable):
What is the EOQ? How many times will you order? What are the shortcomings of the EOQ? What is your rationale?
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