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Assuming your interest rate on the loan is 8. 6%. The additional margin generated will cover the interest payments.
<h3>Additional margin</h3>
Let determine the weekly interest
Weekly interest= 8.6% /12 x 60,000
Weekly interest= $99.23
Let calculate the amount left since the business generates $500 at a margin of 80
Amount left= 500 x 80%
Amount left= $400
Based on the above calculation we can see that the amount of $400 is sufficient enough to cover the $99.23 payments.
Inconclusion the additional margin generated cover the interest payments.
Learn more about additional margin here:brainly.com/question/903996
Answer:
I'm guessing you mean to the nearest thousand, soo the answer would be 8,000.
Hope this helps!
The formula for Sums of squares of the residuals (SSR) is attached below.
Therefore, option B is correct:
B. I would calculate the difference between the observed outcome (Y) and the predicted value of Y (Y_hat), square each one of these differences, and add them up.