Answer:
X is $30,000
Explanation:
First, we need to calculate the Amount ofLoan
Amount of Loan = Car price - Down payment = $100,848 - $30,000 = $70,848
This is the situation of annuity payment for 4 years at a 25% interest rate with equal annuity payment each year.
Now we will use the following formula to calculate the value of X
PV of Annuity = Annuity payment x ( 1 - ( 1 + interest rate )^-numbers of years ) / Interest rate
Where
PV of Annuity = Amount of Loan = $70,848
Interest rate = 25%
Numbers of years = 4 years
Annuity Payment = X = ?
Placing values in the formula
$70,848 = X x ( 1 - ( 1 + 25% )^-4 ) / 25%
$70,848 = X x 2.3616
X = $70,848 / 2.3616
X = $30,000
Answer: 0.1282
Explanation:
Total number of possible outcome( total candidates) = 13
Total number of men = 13 - 8 = 5
Total number of women = 8
Number of candidates to be selected = 2
Find the probability that both are men :
Probability of 1st candidate being a male = required outcome ÷ total possible outcome = 5/13
Probability of second candidate being a male, means we now have 4 men left and a total of 12 = 4/12
Therefore, P = (5/13) × (4/12)
P = (5/13) ×(1/3) = 5/39 = 0.1282
Answer: a. Boot camp is the military's version of employee orientation.
Explanation:
To become an employee in a company, it is standard practice for the employer to give the employee an orientation so that they may be able to perform better at their jobs because they would know what is expected of them and how to go about achieving this.
This is the same for the military. When they send recruits to boot camps, they are doing their version of employee orientation because the recruit will learn what Uncle Sam expects from them and how they are to accomplish these tasks.
