You borrowed 5000 at 6 compounded annually the loan was
You borrowed $5,000 at 6%, compounded annually. The loan was repaid according to the following schedule. What was the payment in the 3rd and 5th year?
N
1 $750
2 $500
3 X
4 $1000
5 2X
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A single gene controls color. When you crossed pure-breeding white-horned individuals with a pure-breeding black-horned ones, you got all gray-horned F1 offspring. You then crossed the gray-horned offspring with each other.
Suppose the government institutes a new sales tax on shoes, which are produced by a competitive constant-cost industry.
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Your new car loan is $40,000 and your payments per month are $650 for 5 years. What are the annual nominal interest rate and the effective interest rate on this loan?
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A military officer retires from serving and wants to continue healthcare coverage using a product provided by the military as it is most cost effective.
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