Monthly income refers to the gross countable income received or projected to be received during the subsequent month.
<h3>
Interest compounded monthly</h3>
Given Information:
- Principal = 328,133.32
- Interest rate = 6.2%, compounded monthly
- Term = 25 years
A = P (1 + r/n)^nt
A = 328,133.32 (1 + 6.2%/12)^12*25
A = 328,133.32 (1 + 0.0052)^300
A = 328,133.32 (1.0052)^300
A = 328,133.32 (4.74)
A = 1,555,351.94 Total value after 25 years.
=1,555,351.94 / 300 months = 5,184.51 per month.
Learn more about monthly income, refer to the link:
brainly.com/question/24685812
Answer:
$0.85 and three cans
Explanation:
Data given in the question
Price per can = $0.50
First can paying price = $0.95
Second can paying price = $0.80
Third can paying price = $0.60
Fourth can paying price = $0.40
So by considering the above information, the noah can buy three cans as the prices are high
So, the consumer surplus is
= First can + second can + third can
where,
First can = $0.95 - $0.50 = $0.45
Second can = $0.80 - $0.50 = $0.30
Third can = $0.60 - $0.50 = $0.10
So, the total consumer surplus is
= $0.45 + $0.30 + $0.10
= $0.85
Answer: The average mark is n.
Explanation: The average mark is a average of averages. The average mark of class of p student is n, and q student is n, so n+n/2= 2n/2=n.
Answer:
I personally like UPS because most of the times I have to send documents or goods domestically and UPS is very well known for its domestics shipments and I also prefer it because of its low rates as compared to FedEx which has higher rates. I am also comfortable with UPS because of its customer services. They respond to your query very quickly and try to resolve it as soon as possible. Their first priority is always their customers.
Answer:
a) 32 refrigerators
b) 28.39 approximately 29 refrigerators
Explanation:
Given:
Cost of order, S = $100
H = 20% of 500 = 100
Cost of refrigerator = $500
Annual demand, D = 500
S.d = 10
Lead time, L = 7 days.
a) To find the economic order quantity, Q_opt, let's use the formula:
The economic order quantity is 32 refrigerators.
b) The reorder point, R, is calculated as:
R = (d' * L) + ( z * s.d)
Where d' is daily demand which is calculated by dividing annual demand by 365 days.
d' = 500/365 = 1.37
At 97% service probability.
Using the excel function, NORMSINV(0.97) = 1.88.
Therefore z = 1.88
Solving for R, we have:
R = (1.37 * 7) + (1.88 * 10)
= 28.39
≈ 29
If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators
