1. You want to buy a new sports car from Muscle Motors for $59,000. The contract is in the form of a 72-month annuity due at a 7.25 percent APR.
What will your monthly payment be?
A) $1,027.04 B) $986.77 C) $1,012.99 D) $956.56 E) $1,006.91
2. Briefly describe each of the following terms-
asymmetric information problems:
liquidity premium theory:
asset-price bubble:
Basel Accord:
securitization: