assuming monthly compounding? a. 119‚152.42 b. 119‚162.42 c. 119‚172.42 d. 119‚182.42 e. None of the above Solution: The answer is A. FV=-138‚000; I/Y=2.45; N=72; C/Y=P/Y=12; CPT PV 2. First Bank of Midesto Medeque pays a 9.45% nominal rate of interest compounded weekly. What is the effective rate of interest? a. 9.60% b. 9.70% c. 9.80% d. 9.90% e. None of the above Solution: The answer is D. ICONV: NOM=9.45; C/Y=52; CPT EFF3. QKL Co. plans a new project that will generate $ 265‚000 of
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x + 11 = longer piece’s lenght Solution: x + x +11 = 75 2x = 75 – 11 2x = 64 2x = 64 2 2 x = 32 x + 11 = 32 + 11 = 43 2. Find the dimensions of a rectangle where the altitude is four seventh of of the base and the perimeter is 330 feet. Let x = length of the base x = length of the altitude since the perimeter = 300 Solution: 330 = 2x + 2 ( x)
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Department of Economics University of California‚ Berkeley Fall 2012 Econ 182 Solutions Problem Set 8 Problem 1. Exchange Rates and International Transmission a. Suppose that the US engages in a monetary expansion. Since exchange rate is pegged to the US dollar‚ country X’s monetary authorities are forced to expand their money supply as well (recall that i = i* under FixER). Interest rates fall in country X‚ output expands‚ and of course the exchange rate remains unchanged. On the AA-DD diagram
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Reading (II) 22 March 2011 Persuasion Essay (Cosmetic Surgery) Outline I. INTRODUCTION 1. Background Information: For modern people‚ cosmetic surgery nowadays has become more and more popular. Some people believe that it is a technique to raise the beauty of a person. The basic intention of this surgery is to enhance the appearance of the individual by changing the parts of the body. On the other hand‚ other people disagree with it‚ saying that cosmetic surgery can post a risk of serious diseases
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Problem-Solving Model Describe the Situation Classic Airlines consists of 375 aircraft that travel to 240 cities more than 2300 times per day with a workforce of 32‚000 personnel. Classic Airlines’ revenue was in excess of $8.7 billion last year bringing in a $10 million dollar profit and establishing the airline as the fifth largest air travel company in the world. Despite good sales and profits‚ Classic Airlines has been receiving harsh criticism from their customers resulting in
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In 2003‚ more than 223 000 cosmetic procedures were performed on patients 18 years of age or younger and almost 39 000 were surgical procedures such as nose reshaping‚ breast lifts‚ breast augmentation‚ liposuction‚ and tummy tucks [1]. As we consider under what circumstances plastic surgery is appropriate for teens‚ it is important to recognize that very few studies have been conducted to examine the risks for teens of these increasingly common procedures. Research is especially needed for the more
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How to Find A Writing Topic Problem-Solution Essays Have you ever received a problem-solution essay where you cannot think of anything to write? Although many of the forty million students in America go through this at one time or another‚ don’t despair! There are several systematic ways to find a writing topic. Some topics take no research at all. Let’s look at a few of them. First‚ the local newspaper may contain some interesting articles. The newspaper can be used as a utility to the writing
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and Canada receive 20% of their electric power from nuclear plants. The rest of the world is at 6% but rising. The benefits drive the nuclear energy movement and continue to do so and the proponents of nuclear power see this as an indispensable solution in reducing the consumption of conflict-ridden fossil fuels. Opponents of nuclear power also make a strong case citing cost‚ safety and justified global concern of waste storage and the potential for nuclear weapons in areas where terrorism is a
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ECON112 Macroeconomics Problem Set 3 *Solution* Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) -----------------------------------------------------------------------------------------------------------------------------------Posted: Monday‚ November 1‚ 2010 Due: 5:30 PM Monday‚ November 8‚ 2010 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (15 marks‚ 3 marks each: 1 mark for correct judgment
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Solution: Computation of: Revenue Simple returns = (service fee‚ $50) x no. of simple returns demand Complex returns = (service fee‚ $200) x no. of complex returns demand Cost of permanent employees Payment for accountant = (regular rate‚ $600 per week) x no. of permanent accountant Payment for computer system = (per computer rate‚ $175 per week) x no. of accountants who access to the computerized system Total permanent costs = payment to accountant
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