In what kind of circumstances would use installment loans be a better financial decision than using a credit card?

When the price of a necessity increases, demand is likely to be - because consumers - that product to survive. However, when the price of a luxury good increases, consumers may - because the good is not crucial to survival.

Maria is considering buying a television and a refrigerator for her new apartment. Her monthly budget is $200.

An increase in the demand for music downloads indicates that more music downloads are

James put $200 into a cd that pays 9% interest compounded quarterly. according to the rule of 72, approximately how long will it take for his money to double?

Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 10 percent and the interest is paid semiannually. The yield to maturity on the bonds is 14 percent annual interest.

Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate of return on this investment? A. 3.

Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,100 with his state income tax return for the previous year.

Teresa has just opened a NOW account that pays 3.50 % interest. If she maintains the account at the required minimum balance of $500 for the next 12 months, how much interest will she earn?

A new truck is purchased on January 1, 20X6. The truck cost $10,000, has a 5-year life, and a $2,000 residual value. Given a December 31 year-end, and use of the double-declining balance method, how much is 20X9 depreciation expense?

Delta Motors, an American multinational automaker, was the first company to develop an affordable electric car. Delta Motors aimed to diversify its growth by launching an environment-friendly, affordable electric car.