Question: please, after solving the problem, refer the Excel formulas that used to solve it After graduation, you just got hired by an engineering company and

please, after solving the problem, refer the Excel formulas that used to solve it

please, after solving the problem, refer the Excel formulas that used to

After graduation, you just got hired by an engineering company and you were planning to take a loan in order to purchase a new car. Let's assume that the bank is willing to offer you a personal loan with an annual interest rate of \7.5 compounded yearly. The car price is \$ 30,000 \\mathrm{JD} \$ and you are capable to pay 4,000 JD per year. After how many years you will be able to pay back the loan with the accumulated interest (use a spreadsheet to answer this question) and draw the cash flow diagram

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=+ 2. In the steady state of the Solow model, at what rate does output per person grow?

=+ a. Express output per worker (y = Y/L) as a function of capital per worker (k = K/L) and the natural rate of unemployment (u).

=+ b. Write an equation that describes the steady state of this economy. Illustrate the steady state graphically, as we did in this chapter for the standard Solow model.