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Author Archives: Anonymous

List two ways of minimizing CH4 production in the rumen.

List two ways of minimizing CH4 production in the rumen.

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You have just borrowed $250,000 from First Source Bank to pu…

You have just borrowed $250,000 from First Source Bank to purchase your new home. You took out a 30-year mortgage and the Annual Percentage Rate (APR) on the loan is 12% per year, compounded monthly. Your monthly payment is $2,571.53 and your first payment must be made one month from today. How much of your 360th payment (your last payment) is interest?

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The following information is used for the next two questions…

The following information is used for the next two questions: Suppose you graduate from college today at age 23 (time t=0) and want to retire at age 60 (time t=37).  You expected earn an effective annual rate of 10% on your retirement savings.  You will make equal, end-of-the-year deposits to your account, with the goal to have $3,000,000 in your retirement account when you retire.

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What is the Annual Percentage Rate (APR) on a loan that char…

What is the Annual Percentage Rate (APR) on a loan that charges an interest rate of 3.60% per quarter.  One quarter equals three months.

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In commercial real estate financing, it is common to assume…

In commercial real estate financing, it is common to assume each month has 30 days and each year has 360 days (not surprisingly, this method is called 30/360).  Suppose you are offering a commercial real estate loan to a customer with an APR of 9.00% with DAILY compounding of interest.  The loan that requires no money down and MONTHLY payments of $4,000 for five years starting one month from today.  What is the correct interest rate r to use in the annuity formula? [Answers are expressed in decimal form, so if you believe correct answer is 20%, answer below would be 0.200000000] 

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During the process of communication, a chain of events occur…

During the process of communication, a chain of events occurs as soon as the message is sent. Steps in this chain include transmission, perception, and evaluation. Place these steps in proper chronological order. (Separate letters by a comma and space as follows: A, B, C.)A.   TransmissionB.   PerceptionC.   Evaluation

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You are the beneficiary of a life insurance policy. The insu…

You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum payment of $50,000 today or receive monthly payments of $641 for ten years. If you choose to receive monthly payments, you will receive your first payment one month from If the Annual Percentage Rate (APR) is 6.5%, compounded monthly, which option should you take and why?

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The triad of Parkinson disease is __________, __________, an…

The triad of Parkinson disease is __________, __________, and __________.

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Which of the following statements concerning the Effective A…

Which of the following statements concerning the Effective Annual Return (EAR) are correct? When borrowing and choosing which loan to accept, you should select the offer with the highest EAR. When making financial decisions, you should compare EARs rather than Annual Percentage Rates (APRs). An APR of 6% compounded daily has a higher EAR than an APR of 6% compounded monthly.

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What is the time t=0 value of the cash flow stream in the ta…

What is the time t=0 value of the cash flow stream in the table below if the current interest rate is 5% per year, compounded annually? Note the different cash flow in year 9. Time         Cash Flow End of year 1: $400 End of year 2: $400 End of year 3: $400 End of year 4: $400 End of year 5: $400 End of year 6: $400 End of year 7: $400 End of year 8: $400 End of year 9: $100 End of year 10: $400 End of year 11: $400 End of year 12: $400    

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