Jan sold her house on december 31 and took a $10,000 mortgage as part of the payment. the 10-year mortgage has a 10% nominal interest rate, but it calls for semiannual payments beginning next june 30. next year jan must report on schedule b of her irs form 1040 the amount of interest that was included in the two payments she received during the year.

a. what is the dollar amount of each payment jan receives?
b. how much interest was included in the first payment? how much repayment of principal was included? how do these values change for the second payment?
c. how much interest must jan report on schedule b for the first year? will her interest income be the same next year?
d. if the payments are constant, why does the amount of interest income change over time?

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.

Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.

Greentel, a telecom giant, has been using the service of orpheus inc. for training its employees. according to a deal signed by the two companies, orpheus inc. is not only responsible for training greentel's employees but also for providing comprehensive administrative services to the telecom giant. in this instance, greentel engages in