Bank of Pomona pays 9 percent simple interest on its high rewards checking accounts. Bank of San Dimas, instead, pays 9 percent interest, and it has annual compounding. Let's say, you make a $7,500 deposit in each of these two banks. Calculate how much more money you would be able to earn from the Bank of San Dimas account at the end of eight years. (Do not round intermediate calculations and round your answer to 2 decimal places. E. g., type 32.16 for "32 dollars and 16 cents".)

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business. the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?