1.Calculate the total monthly payment: You want to buy a house that costs $250,000, you have $25,000 for a

down payment, loan rate interest is 3.5% a year compounded monthly and you plan to get a 25-year loan

with a balloon payment of $30,000. Insurance costs $450/year and property taxes are 8% a year of the

assessed value of the house. The assessed value is $120,000.

You will need to use the PMT function to calculate the terms of the mortgage, and then you will need to

manually add the monthly payments required to service both the insurance costs and property taxes.

2.How does global economic competition affect the price elasticity of demand in the domestic market and decisions related to the strategy a firm uses to compete?

3.After playing two footballgames, a professional footballteam's defense had given up an average of 28 points per game.

After playing a third footballgame, theteam's defense had given up an average of 23 points per game.

How many points did theteam's defense give up in the third footballgame?

4.Suppose a firm's demand function is Q = 5 - P/8. What is the firm's revenue function?

5.What factors lead to a downward sloping demand curve?

6.How many days will it take for $1400 to earn $12 interest if it is deposited in a bank paying simple interest at the rate of 6%/year? (Use a 365-day year. Round your answer up to the nearest full day.)

7.Find the effective rate corresponding to the given nominal rate. (Use a 365-day year. Round your answer to two decimal places.)

4%/year compounded quarterly

____% /year

8.Are marginal cost curves are identical to supply curves? Just yes or no with a short explanation as to why identical or not

9.Given the information below, calculate the unemployment rate in Country Z.

Total population: 50 million

Population aged 15-65 years: 35 million

Number of people employed: 25 million

10.A loss is when a company revenue is less than its