Patrick Would Like to Know the Monthly Payments and the Total

question 77

Essay

Patrick would like to know the monthly payments and the total finance charges on the following 2 loans: (Show all work. )
a.
$30,000,9%,36 months
b.
$30,000,9%,48 months

Calculate effects of subsidies on market prices to achieve a new market equilibrium.

Understand the relationship between supply and demand functions.

Calculate equilibrium quantities given changes in supply and demand.

Analyze the effect of external interventions such as taxes and subsidies on market dynamics.