The Boston Globe reported on August 21, 2009, credit card companies cut limits on 58 million cardholders spanning from May 2008 to April 2009. This affected about one-third of American consumers. Surprisingly, many of these consumers had good credit scores. Dionne McGrady had planned on using a 0% interest for a year transfer credit card offer to make $8,500 worth of home improvements before her credit limit was cut. Because of this cut, she had to take out a loan to finance the project. She was offered an 11%, 10% down, 12-month loan. What is her monthly payment to the nearest cent (use loan amortization table)? What will the reduction in credit limit cost her?
If a firm seeks to grow, a strategy introduces a new product to a market segment which is also new (i.e., one that is not currently being served). Amazon.com has grown ve...Aug 27 2020
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Biggs Industries is considering two alternative ways to depreciate a proposed investment. The investment has an initial cost of $100,000 and an expected five-year life. T...May 10 2020
For each of the following models(a) xt = 0.3xt−1 + zt(b) xt = zt − 1.3zt−1 + 0.4zt−2(c) xt = 0.5xt−1 + zt − 1.3zt−1 + 0.4zt−2assume that zt ∼ wn(0, σ2) and express the mo...Apr 25 2020
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