Mia recently bought a car worth $20,000 on loan with an interest rate of 6.6%. She made a down payment of $1,000 and has to repay the loan within two years (24 months). Calculate her total cost. Finding the total cost takes two steps. Example and formula can be found on slide 10. (HINT Don't forget her down payment is also part of the total cost). Please show all math steps.

When borrowers want funding to pay for different projects, they go to the loanable funds market and acquire funds through either indirect finance or direct finance. below, you are given five different scenarios. is each an example of direct finance or indirect finance?

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.