What is the term for the condition of excessive dryness of skin?
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US is an imaging technique that scans the organs.
US is an imaging technique that scans the organs.
According to our population talk in class, Texas is best des…
According to our population talk in class, Texas is best described as
The freezing shack was used in an example involving the
The freezing shack was used in an example involving the
The University of Texas and Texas A & M University systems e…
The University of Texas and Texas A & M University systems evenly split money from oil and gas royalties (PUF money).
Use the Graph below to answer the questions about Internatio…
Use the Graph below to answer the questions about International Trade: Untitled (6).png a. At equilibrium, what area represents Consumer Surplus? [BLANK-1] and [BLANK-2]. b. At equilibrium, what area represents Producer Surplus? [BLANK-3] and [BLANK-4]. c. Which Price Level would make this country become an importer of this good? [BLANK-5] d. Which Price Level would make this country become an exporter of this good? [BLANK-6]
Dice Rolling (Part 4): Little Jimmy recorded data for a dice…
Dice Rolling (Part 4): Little Jimmy recorded data for a dice rolling scenario much like what we did in class. He rolled dice and any die which was rolled a “1” he removed before proceeding to the next roll. Unfortunately, Little Jimmy had a cup of hot chocolate and spilled it all over his paper, obscuring some of the data. Using the Average % Remaining value, write an exponential model for this data in the form
Tiered Rewards (Part 1): You are looking to apply for a new…
Tiered Rewards (Part 1): You are looking to apply for a new credit card. In researching some options out there, you find a card that is advertising a “tiered reward” system. Curious, you look up the details. What you find is that the rewards are structured this way: If total spent is over— but less than— Card Rewards: $50 $500 1.5% of total spending over $50 $500 $1,000 $6.75 plus 2.75% of total spending over $500 $1,000 $10,000 $20.50 plus 4.25% of the amount over $1,000 $10,000 no limit $403 plus 5.5% of the amount over $10,000 A – [7 points] How much would you receive in rewards if you spent $850 on the card in a given month? B – [3 points] What would be the effective reward rate for the spending in part (A)? C – [4 points] In a sentence or two, explain what this effective reward means in this context.
Tiered Rewards (Part 2): You are looking to apply for a new…
Tiered Rewards (Part 2): You are looking to apply for a new credit card. In researching some options out there, you find a card that is advertising a “tiered reward” system. Curious, you look up the details. What you find is that the rewards are structured this way: If total spent is over— but less than— Card Rewards: $50 $500 1.5% of total spending over $50 $500 $1,000 $6.75 plus 2.75% of total spending over $500 $1,000 $10,000 $20.50 plus 4.25% of the amount over $1,000 $10,000 no limit $403 plus 5.5% of the amount over $10,000 You will want to use your answers to Tiered Rewards (Part 1) (Question 8 above) to help you answer this question. The main drawback of this card is that it has a very high APR of 23.64%. Suppose you are only able to initially pay $440 of the $850 you spent in the scenario above. Then you are able to pay off the remaining balance on the next statement. You earned rewards for this spending, but then you also had to pay interest. Did you end up gaining money or losing money? How much was gained/lost? Hint: Consider how much you have to pay in interest.
Mortgage Comparisons (Part 1): Suppose Little Jimmy is looki…
Mortgage Comparisons (Part 1): Suppose Little Jimmy is looking to buy a house. He has his heart set on a house that is on the market for $223,000. Jimmy looks into his mortgage options and has found two scenarios that he thinks he could afford. Those two scenarios are outlined in the table below: Scenario I Scenario II $45,000 down payment $30,000 down payment 3.65% interest rate on mortgage 3.25% interest rate on mortgage Mortgage calculator gives a monthly payment of $814 for the 30 year loan Mortgage calculator gives a monthly payment of $839 for the 30 year loan Make sure to label and answer each of the parts below. (A) From looking ONLY at the down payments, which scenario would you expect to have a lower total cost at the end of the 30 year loan? Explain why. (B) From looking ONLY at the interest rates, which scenario would you expect to have a lower total cost at the end of 30 year loan? Explain why.