1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
adoni [48]
3 years ago
10

An online store that has been successfully growing on its initial angel investment and revenue wants to invest $5 million to exp

and the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term. Calculate the monthly payment and explain what the business must be able to do with this money in order for this to be a smart business decision.
Mathematics
1 answer:
Vlad1618 [11]3 years ago
4 0
<span>At simple interest: 10% = 5,000, 000 x 10/100 = 5,000,000 x (1/10) =$500,000 spread over 8 years = 8 x $62,500 monthly interest payment = $62,500/12=$5208.33 Smart decision: has to at least break-even, if not generate more than the total interest repayment. </span>
You might be interested in
Fowle Marketing Research Inc., bases charges to a client on the assumption that telephone surveys can be completed in a mean tim
sergejj [24]

Answer:

a) Null hypothesis:\mu \leq 15  

Alternative hypothesis:\mu > 15  

b) t=\frac{17-15}{\frac{4}{\sqrt{35}}}=2.958      

c) p_v =P(t_{34}>2.958)=0.0028    

d) If we compare the p value and the significance level given \alpha=0.01 we see that p_v so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the true mean is higher than 15 at 1% of signficance.  

Step-by-step explanation:

Data given and notation  

The sample mean is given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

And the sample deviation is:

s = \sqrt{\frac{\sum_{i=1}^n (X_i -\bar X)^2}{n-1}}

\bar X=17 represent the sample mean    

s=4 represent the sample standard deviation

n=35 sample size  

\mu_o =15 represent the value that we want to test  

\alpha=0.01 represent the significance level for the hypothesis test.  

z would represent the statistic (variable of interest)  

p_v represent the p value for the test (variable of interest)  

Part a State the null and alternative hypotheses.  

We need to conduct a hypothesis in order to check if the mean is less or equal than 15, the system of hypothesis would be:  

Null hypothesis:\mu \leq 15  

Alternative hypothesis:\mu > 15  

Since we don't  know the population deviation, is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:  

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)  

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Part b Calculate the statistic  

We can replace in formula (1) the info given like this:  

t=\frac{17-15}{\frac{4}{\sqrt{35}}}=2.958  

Part c P-value  

The degrees of freedom are given by:

df = n-1= 35-1=34

Since is a right tailed test the p value would be:  

p_v =P(t_{34}>2.958)=0.0028  

Part d Conclusion  

If we compare the p value and the significance level given \alpha=0.01 we see that p_v so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the true mean is higher than 15 at 1% of signficance.  

7 0
2 years ago
3.f(-4) - 3.(2) =<br> Int<br> GA<br> SS
Doss [256]

Answer:

1.7. 9 () “ -- .3 .3 .4 . .9 F 5 XXX Ammo. Phosphate., 1916. . .8 10 0 “ -- .4 .2 .4 . . .9 Essex Fertilizer Co. E 7 Grain, Grass & Potato Fert. . . . . .8 12 0 Yes Passed .

Step-by-step explanation:

1.7. 9 () “ -- .3 .3 .4 . .9 F 5 XXX Ammo. Phosphate., 1916. . .8 10 0 “ -- .4 .2 .4 . . .9 Essex Fertilizer Co. E 7 Grain, Grass & Potato Fert. . . . . .8 12 0 Yes Passed .

8 0
2 years ago
Change the precent into a fraction in its sinplest form:15%
den301095 [7]

what i got it would be 15/100

7 0
3 years ago
Read 2 more answers
I need help please ?!!!!
Alecsey [184]

Answer:

89

Step-by-step explanation:

= √ 64 +9²

=8 +81

=89

7 0
3 years ago
Read 2 more answers
Solve 32+6•5-7+12 divided by 4
Kobotan [32]

Answer:

67

Step-by-step explanation:

First multiply, then do addition and subtraction in order from left to right

6 0
3 years ago
Read 2 more answers
Other questions:
  • I neeeeed heeeeeeeeeeelp​
    15·2 answers
  • The sum of three consecutive even integers is 222. find the three integers.
    10·1 answer
  • 13. If x + y + z-0 then x+y+z'is equal to:<br>(a) 3xyz<br>(b) - 3xyz<br>(c) xy<br>(d)-2xy​
    6·1 answer
  • Identify the center and intercepts of the conic section
    10·1 answer
  • Write each expression in exponential form and find its value 2 x 2 x 2 2 ​
    8·1 answer
  • As the teams fundraiser,Agnes and Betty both sold candy bars at the end of the fundraiser Agnes determined that she sold 8 more
    11·1 answer
  • Similarity - Item 33751 Select the two figures that are similar to each other. help pls​
    8·1 answer
  • 4. The ratio of skateboards to bikes is 3:1.
    5·2 answers
  • Item 2<br> Multiply. Write the answer in simplest form.<br><br> 3/7×1/4=
    13·1 answer
  • Why is this so harddddd
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!