Some data that at first might seem puzzling: the share of gdp devoted to investment was similar for the united states and south korea from 1960-1991. however, during these same years south korea had a 6 percent growth rate of average annual income per person, while the united states had only a 2 percent growth rate. if the saving rates were the same, why were the growth rates so different?

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.