If a person is going to borrow $360,000 for a home and pay it off in monthly payments of $1,932.56 for 30 years, the internal rate of return is
A. 15%.
B. 5%.
C. 10%.
D. 0%.
Answer: B
You might also like to view...
National income is equal to ________.
A. rent + transfer payments + interest + wages B. gross investment - depreciation + indirect business taxes - net foreign income C. wages + rent + interest + profits and losses D. net investment + depreciation + net exports + net foreign income
Rapid population growth in Malthus's theory is constrained through:
A) higher fertility and reduced mortality. B) reduced fertility and higher mortality. C) higher fertility and mortality. D) reduced fertility and mortality.
The classical economists believed that
a. labor supply is upward sloping because the income effect is greater than the substitution effect. b. labor supply is upward sloping because the substitution effect is greater than the income effect. c. labor supply is downward sloping because the income effect is greater than the substitution effect. d. in equilibrium, the marginal product of labor must exceed the real wage. e. both b and d.
Using the income approach, the largest component in the calculation of GDP is:
A. net interest. B. rental income. C. profits. D. compensation of employees.