A certain college graduate borrows 6900 dollars to buy a car. The lender charges interest at an annual rate of 18%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate that is required to pay off the loan in 7 years. Also determine how much interest is paid during the 7-year period.

Answers

Answer 1

Answer:

a) k = $1734.86 per year

b) $5244.02

Explanation:

Principal ( borrowed ) = $6900

Annual interest rate = 18%  ( compounded continuously )

Borrower makes a continuous payment at a constant rate : $k per year

a) Determine payment rate required to payoff loan ( in 7 years )

let loan at time ( t ) = x

x = $6900 , at t = 0

rate of increase of loan amount = 0.18x

rate of decrease of loan amount = k

∴ net change of loan x

= dx/dt = 0.18x - k  

hence ; dt = dx / ( 0.18x - k )

k = $1734.86 per year

attached below is a part of the solution

b) Determine how much interest is paid during 7-year period

Interest paid in 7 years

= Amount paid - principal amount

= ( 1734.86 * 7 ) - 6900

= $5244.02

A Certain College Graduate Borrows 6900 Dollars To Buy A Car. The Lender Charges Interest At An Annual

Related Questions

Norah was less educationally qualified and experienced than her colleagues when she joined Micro Systems Inc. However, due to her ability to negotiate effectively with clients, convince her team members to work harder, and understand their needs, she is a senior-level manager today. Which skills can be most attributed to Norah's success in this scenario

Answers

Answer:

human relations skills

Explanation:

It is correct to say that Norah's human relations skills helped her achieve the position of senior manager, despite being less educationally qualified than her peers.

Human relations skills correspond to the skills a person has in dealing with people, such as Norah's negotiating, convincing, understanding, and motivating skills in relation to her team members. These skills are essential for a manager, who is the leader responsible for coordinating and controlling through good interpersonal skills, the ability to help and motivate his team to achieve organizational goals and objectives.

To argue that schools should adjust their curriculum so that African, Asian, and indigenous accounts of history be incorporated with equal weight alongside European accounts is to advocate for

Answers

Answer:

racial justice and democracy

Explanation:

I hope this answer will help you! I know the answer because I actually took this test last year.

Advocates for racial justice and democracy will say that schools should change their curricula so that Native American, Asian, and African historical perspectives are given the same weight as European ones.

What is the significance of racial justice?

Prior to the early 1960s, the racial justice of equality was challenging for African, Asian, and Native Americans to achieve equality. Racial equality has, however, recently been included into laws that typically guarantee that everyone has access to equal chances in terms of treatment, education, work, and other facets of life.

It has been demonstrated that racial disparities in educational and economic performance have an adverse effect on the economic security of all Americans, regardless of race, in addition to having an adverse effect on the economic well-being of racial and ethnic minorities.

Therefore, it is racial justice and democracy.

Learn more about the democracy, refer to:

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Taco Hot Dogs, Inc., regularly advertises its products. Under the First Amendment, in comparison with noncommercial speech, the protection given these ads is

Answers

I’m not sure where the question is

True or false. Unintended market conditions, including black markets and shortages, can occur through the price restraint of a price ceiling set above the market-clearing price.

Answers

Answer:

false

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Price floor set above the market-clearing price is non binding

Effects of a binding price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

Julie sets high goals for herself at work. She is more committed to reaching these goals than most employees. She is organized, works hard, and remains persistent in the face of obstacles to reaching her work goals. Julie would probably score high on a measure of

Answers

Answer:

conscientiousness.

Explanation:

A personality psychologist can be defined as an individual who is saddled with the responsibility of studying the emotions, behaviors, motives, and thought patterns of individuals and how these psychological subsystems affects their lives. This ultimately implies that, personality psychologist are much more interested in studying the individual differences in humans in relation to their psychology.

Conscientiousness is one of the Big Five trait of personality, amongst other traits such as agreeableness neuroticism, extraversion and openness. They are used to access the personality of a living organism, especially human beings.

In this scenario, Julie would probably score high on a measure of conscientiousness because she possesses the following attributes or qualities; organized, works hard, persistent, committed, etc.

Broker A is involved in an exclusive right to sell listing with his seller client, Seller S. After receiving the property condition disclosure form from Seller S, Mark hosts an open house to promote his new listing. At the open house a customer expresses concerns about radon levels in the area. Seller S did not indicate a radon problem on the property disclosure. What is Broker A's best course of action in this situation

Answers

Answer:

In such a scenario, it is recommended that Broker A should acknowledge the concerns of the customer because this is a material concern. They should then remind the customer that there exists a Property Disclosure Form which is made by the Seller that the customer is allowed to view to see if there is anything wrong with the house.

You as the broker, are acting on behalf of the seller so should not disclose any information than what is on the Property Disclosure Form.

If however, you know of a radon problem in the property in your personal capacity, the law requires that in the interest of safety, you reveal this to the customer if the seller did not disclose this in the form.

Stewart Airlines is well known for providing excellent customer service to its flyers. The staff members inquire about each flyer's wants and needs and listen carefully to their responses. If a flyer has any specific requests, the staff members ensure that they are immediately attended to. In this scenario, Stewart Airlines illustrates _______, which has been found successful in spurring on the growth of customer relationship management.

Answers

Answer:

Personalisation

Explanation:

Personalisation of services in customer relationship is the act of anticipating the needs of the customer before they occur and providing this service in a timely fashion.

This results in increased customer benefits and greater loyalty.

In the given scenario Stewart Airlines provides excellent customer service to its flyers by inquiring about each flyer's wants and needs and listening carefully to their responses. If a flyer has any specific requests, the staff members ensure that they are immediately attended to.

This is personalisation of service

By hiring your children, you can
pay low wages.
show how much you care.
transfer wealth without estate taxes.
avoid payroll taxes. (Not the correct answer)

Answers

Answer: transfer wealth without estate taxes.

Explanation:

There are several methods to avoid having to pay estate taxes when passing on wealth to your children and this is one of them. By paying your children more than you should actually be paying them, this would be counted as payroll.

Of course your children will just get charged higher payroll taxes but you would have avoided estate taxes. Other methods include gifting them money up to a certain extent every year or using a Grantor Retained Annuity Trust.

The following industries have a market-oriented location A. Newspapers B. Yahoo! Data center C. Paper mills D. Textiles

Answers

Answer:

A. Newspapers

D. Textiles

Explanation:

Market oriented location is the selection of business location based on customers. The market for business will be selected where there are customers already present. This is possible where there is presence of some competitor in market and business chooses to open its store just beside him so that competitor customers may visit our store too.

Viral promotion involves: Group of answer choices sending a pre-written set of messages to customers or prospects over time. offering rebates and incentives to customers for adopting a product or service. emphasizing customer retention and satisfaction, rather than a dominant focus on sales transactions. leveraging a firm's customers to promote a product or service. paying celebrities to use a product visibly to lure customers into unwittingly buying the product.

Answers

Answer:

leveraging a firm's customers to promote a product or service

Explanation:

Viral promotion is a form of marketing in which a good or service is promoted using a firms' social network,

For example, if a firm is about to launch a new product and it wants to do a viral promotion, it would make use of the firms existing customers to promote the good

A sales invoice included the following information: merchandise price, $9,900; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,100 added to the invoice. Assuming that a credit for merchandise returned of $900 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller

Answers

Answer: $10010

Explanation:

The amount of cash that should be received by the seller will be:

($9900 - $900) = $9000

$9000 × 1% = $90

$9000 - $90 = $8910

$8910 + $1100 = $10010

Therefore, the amount of cash should be received by the seller will be $10010.

Asiago National Bank has assets of $900,000 and liabilities of $300,000. Asiago National Bank's net worth is $300,000. $600,000. $900,000. $1,200,000.

Answers

Answer:

Net worth = $600000

Explanation:

Below is the calculation:

Given the Assets  = $900000

Liabilities of the bank = $300000

The net worth can be calculated by subtracting the liability from the assets.

Net worth = Assets - Liabilities

Net worth = 900000 - 300000

Net worth = $600000

Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. False

Answers

Answer:

False

EXPLANATION:

Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are:

Answers

Answer:

Trish has income of $211,000

Expenses are $186,000

Explanation:

Income :

Returns and Allowances $340,000

Cost of Goods Sold $326,000

Other deductions $14,000

Gross Profit is $211,000

If a stock were overpriced, it would plot A) above the security market line. B) below the security market line. C) on the security market line. D) on the y-axis.

Answers

Answer:

A) above the security market line.

Explanation:

A) above the security market line.

Option "a" is correct because all the correct priced stock will be shown on the security market line while the underprice stock is represented above the security market line and the overpriced stock is shown below the security market line.

Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:

Answers

Answer:

i really dont know/////////////////////////////////////////////////

Explanation:

which type of approach to manufacturing tries to anticipate customer demand when deciding how much to produce and when

Answers

Answer:

Push manufacturing.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

In Economics, there are four (4) main factors of production and these are;

I. Land.

II. Labor (working).

III. Capital resources.

IV. Entrepreneurship.

When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;

1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.

In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.

2. Technical or productive inefficiency: it occurs when businesses produce goods and services that consumers do not want.​ This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.

Push manufacturing is a type of approach to manufacturing that typically tries to anticipate customer demand when deciding how much to produce and when. Thus, its required that a manufacturer anticipate the demand of consumers when using the push manufacturing approach.

A website such as Lucky Brand can target each of the following with remarketing, except Group of answer choices everyone that has visited any page on Lucky Brand's website anyone who has visited only Lucky Brand's homepage visitors to the Lucky Brand site who did not make a purchase visitors to Lucky Brand who have also visited a competing brand

Answers

Answer: visitors to Lucky Brand who have also visited a competing brand

Explanation:

Remarketing us an online targeted advertising whereby customers are targeted based on the previous internet behaviour that they had. It's done in order for a company to be able to connect with the people who have interacted previously with the company's website.

Remarketing can be used to target everyone that has visited any page on Lucky Brand's website, people who visited only Lucky Brand's homepage and the visitors to the Lucky Brand site who did not make a purchase.

It should be noted that it can't be used to target visitors to Lucky Brand who have also visited a competing brand.

Mismanaged project management can lead to _____ of wasted dollars (USD) every year for organizations around the world.

Answers

Answer: $2 trillion

Explanation:

Research shows that organizations around the world waste around $1 million every second due to them being unable to efficiently implement business strategy.

When added up, this brings the estimate to about $2 trillion every year which is almost half of the U.S. Federal budget in 2020. It is therefore important that companies prioritize efficient management and use of resources so that less money is wasted.

Th process of gaining the resources and skill needed in managing consumer resources is known as
A.) Consumer Education B.) Consumer participation
C.) Consumerism
D.) Consumer right​

Answers

Answer:

A.) Consumer Education

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction.

Simply stated, it's a strategic process which typically involves collecting customer information for the purpose of improving a customer's future experience.

Therefore, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

In this context, consumer education is a strategic process which typically involves gaining the necessary resources and skills required to manage consumer resources in order to continue to provide satisfactory services to them.

Answer:

A) Consumer Education

Explanation:

Th process of gaining the resources and skill needed in managing consumer resources is known as consumer education .

Hope it is helpful to you ❣️☺️

On October 31, 20X5, West Company received a condemnation award of $450,000 as compensation for the forced sale of a warehouse. On this date the warehouse, including the land on which it was situated, had a book value of $275,000. During December 20X5, West purchased a parcel of land for a new warehouse site at a cost of $125,000. West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of

Answers

Answer:

$175,000

Explanation:

Calculation to determine West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of

Using this formula

Gain on condemnation=Compensation for the forced sale-Book value

Let plug in the formula

Gain on condemnation=$450,000-$275,000

Gain on condemnation=$175,000

Therefore what should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of $175,000

Lee works 40 hours per week, typically working 10 hours per day Monday through Thursday, and taking a three-day weekend. Lee works a ______ workweek

Answers

Answer:

Compressed workweek

Explanation:

Compressed workweek refers to the flexibility in which a worker works complete hours in a week but it works in fewer days. For instance, a worker works 4 days and completes 40 hours of work and then enjoys three days off. Here, this flexibility is called the compressed workweek.

Promotion is one of the 4P‘s of marketing. The promotion mix is ___??

Answers

Answer: Promotion mix could be defined as several methods or tools used to improve the market situation of a product, so the product could have more presence and demand in the market.

Explanation:

Promotion mix could be defined as several methods or tools used to improve the market situation of a product, so the product could have more presence and demand in the market. Some of what makes it up are public relations, advertising, personal sales.

Which of the following sales would be covered by Article 2 of the Uniform Commercial Code? Group of answer choices the sale of intangible goods the sale of tangible goods the sale of real estate the sale of stocks

Answers

Answer:

the sale of tangible goods

Explanation:

Article 2 is applied for the contract that made for selling the goods. the goods that are identifed at the time when the contract is created and could be moved. It mainly deals with the tangible things like computers, cars, pens, etc

The intellectual property and intangible should not be cover in this

Therefore the above should be considered

"Cory is a salesperson at Bayray Technologies, a company that manufactures laptops and cameras. During a sales presentation for the company's new camera, he states, "Cameras produced by us have the same resolution as the cameras produced by ClarityO, the world's number one camera manufacturer, but at a cheaper price." In this scenario, Cory is using a(n) _____ to describe the product."

Answers

Answer:

comparison

Explanation:

Since cory is a sales person at bayray technologies and at the time of sales presentation he stated that the camera resolution of our company should be similar with the Clarity O company but the price are cheaper so here cory is doing the comparison of cameras between his company and with the other company to capture the market share by telling the advantages of his company product

The following financial statement information is available for Coronado Corporation: 2020 2019 Inventory $45000 $47000 Current assets 112000 102000 Total assets 429000 358000 Current liabilities 28000 35000 Total liabilities 100000 89000 The current ratio for 2020 is

Answers

Answer:

4

Explanation:

Calculation to determine the current ratio

Using this formula

Current ratio = Current assets / Current liabilities.

Current ratio = 112000 / 28000 = 4

Therefore Current ratio is 4

True or false: Merchandise inventory is generally converted to cash more quickly than accounts receivable.

Answers

Answer:

False

Explanation:

Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer

So here the company could received the payment within 12 months it can be in within month also

So the given statement is false

cosA=1/2^-1.find the value of A

Answers

Answer:

A = 60°

Explanation:

Since cosA = 1/2, to find the value of A, we take the inverse cosine of both sides.

So, cosA = 1/2

So, taking inverse cosine of both sides, we have

cos⁻¹cosA = cos⁻¹(1/2)

So, A = cos⁻¹(1/2)

Using our calculator, taking cosine inverse of one-half, we find that, cos⁻¹(1/2) = 60°

Since cos⁻¹(1/2) = 60° and A = cos⁻¹(1/2)

This implies that A = 60°

So, we find that the value of A is 60°.

Smith Company produces and sells one product for $40 per unit. The company has no beginning inventories. Its variable manufacturing cost per unit is $18 and the variable selling and administrative expense per unit is $4. The fixed manufacturing overhead and fixed selling and administrative expense total $80,000 and $20,000, respectively. If Smith Company produces 8,000 units and sells 7,500 units during the year, then its net operating income under variable costing would be

Answers

Answer:

$35,000

Explanation:

net operating income under variable costing would be calculated by preparing income statement under variable costing.

Smith Company

income statement under variable costing system

Sales (7,500 x $40)                                                          $300,000

Less Cost of Sales (7,500 x $18)                                     ($135,000)

Contribution                                                                       $165,000

Less Expenses

selling and administrative expense ($4 x 7,500)            ($30,000)

fixed overheads :

manufacturing                                                                   ($80,000)

selling and administrative expense                                 ($20,000)

Net Income                                                                         $35,000

n order to approve a loan, lenders want to see a credit score of at least _____. a. 300 b. 500 c. 700 d. 1200 Please select the best answer from the choices provided

Answers

Answer:

c. 700

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

In order to approve a loan, lenders want to see a credit score of at least 700.

In conclusion, lenders look at the credit score of a loan applicant so as to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.

Other Questions
Suppose that Michelle buys a cappuccino from Paul's Cafe and Bakery for $4.75. Michelle was willing to pay up to $6.75 for the cappuccino and Paul's Cafe and Bakery was willing to accept S1.25 for the cappuccino. Based on this information, answer the questions below. Michelle's consumer surplus is equal to: _______Paul's Bakery's producer surplus is equal to:__________ 1. As far as I remember, most of last September was sunny and hot. But this might have been an exception and so my advice is that you___ some warm clothes with you.A. might have taken B. should take C. oughtn't to take D. should have taken 2. It is to claim, as some journalists do, that the accident was due to an extraordinary coincidence, and at the same time that___ we it. A. might have prevented B. could prevent C. ought to prevent D. were to prevent Pete was angry ____ the chickens in the yard. At or with The Trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and can carry children or cargo. The trailers have a retail price of $107 each. Each trailer incurs $44 of variable manufacturing costs. The Trailer division has capacity for 24,000 trailers per year and incurs fixed costs of $560,000 per year. Required: 1. Assume the Assembly division of Baxter Bicycles wants to buy 5,600 trailers per year from the Trailer division. If the Trailer division can sell all of the trailers it manufactures to outside customers, what price should be used on transfers between Baxter Bicycles's divisions Is the proportion 28/16 = 14/8 correct White blood cells work by recognizing invading pathogens by their surface fragments, called __________. What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175,000 If a semi circle has a diameter of 5 m what is the area? Six pounds of grapefruit costs $3.00. 5 pounds of apples costs 2.65. What is the cost per pound for each fruit? The Age of Exploration contributed to the emergence of a connected globaleconomy by:O A. shifting control over trade from private corporations to powerfulgovernments.O B. enabling the movement of huge numbers of people and productsacross oceans.C. allowing powerful Central Asian empires to regulate trade betweenEurope and Asia.O D. encouraging European states to import most of their goods fromforeign countries. plz help ASAP on my final project I will give you20$ After reading The Life of American Workers in 1915, reflect upon how different your life may have been, had you lived over 100 years ago. Thinking about things like your education, career goals, romantic relationships, how you get around, and your physical health, write at least one paragraph explaining how such aspects of your life would have changed had you lived in the early 1900s. A mixture contains nothing biet water and are tone in a ratio of stof 1.2. After 2oom of water is added to the mixture, the ratio of water to acetone He is 2:3. The original volume of the mixture is Your boss wants to set safety stock levels correctly to ensure an 87.9% service level. She needs your answer right away. What should the safety stock level be given that you know: Average replenishment cycle is 10 days Standard deviation of daily demand is 12 units Average daily demand is 100 units Standard deviation of the replenishment cycle is 3 days a. 57 units b. 188 units c. 302 units d. 354 units e. 1,000 units Write the complete electron configuration for the common monatomic ion formed by the element bromine, Br. why do you think the members of the national party were angered by Botha reforms? HELP!!!!any three different between short term human resources and sustainable human resources plz so it ASAP How would the domain and range of the function y = one-fourth x minus 6 be determined? Explain. If we want to provide a 95% confidence interval for the mean of a population, the confidence coefficient will be Catrina Santana contributed a patent, accounts receivable, and $23,000 cash to a partnership. The patent had a book value of $8,000. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $85,000. The accounts receivable control account was $38,000, with an allowance for doubtful accounts of $2,000. The partnership also assumed a $10,000 account payable owed to a Santana supplier. On December 31, provide the journal entry for Santana's contribution to the partnership.