1. Let N be the number of visit, F fixed cost of going to the bank per time, and the current interest rate is 5%. Suppose a person plans to spend $5000 gradually over time, and the fixed cost is $20 per time, then what would be the optimal number of visiting the bank?

1. Let N be the number of visit, F fixed cost of going to the bank per time, and the current interest rate is 5%. Suppose a person plans to spend $5000 gradually over time, and the fixed cost is $20 per time, then what would be the optimal number of visiting the bank?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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2. What is the relationship between high-powered money (B) and currency (C)? Suppose B=$200 billion, rr+er = 0.2, cr =0.5. What is the money multiplier, and money supply? Hint: calculate the m using the formula m = (1+C/D)/(C/D+R/D).

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part 3