Answer:
se the PACED decision-making process to make the decision for Brent. Show your work
Explanation:
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
<u>a) Determine payment rate required to payoff loan ( in 7 years )</u>
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
<u>b) Determine how much interest is paid during 7-year period</u>
Interest paid in 7 years
= Amount paid - principal amount
= ( 1734.86 * 7 ) - 6900
= $5244.02
Answer:
True
Explanation:
A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.
The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.
Foreclosure or repossession:
The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.
The example of marketing manager Zia's use of a Decision Support System (DDS) to determine how much of a budget increase is needed to achieve a desired sales increase demonstrates that DDS is a form of artificial intelligence.
<h3 /><h3>Decision Support System</h3>
It corresponds to an automation program that can be implemented in organizations to support decisions based on data processing and indexes, providing relevant information for problem solving and support for a focused decision.
Therefore, through the DDS, the manager Zia will make her decision in a faster, more dynamic and controlled way, which helps in the competitiveness and positioning of the organization.
Find out more information about Decision Support System here:
brainly.com/question/7655444
Answer:
True
Explanation:
It wasn't until 1886 when Samuel Gompers organized the American Federation of Labor that a labor union actually focused on higher wages, shorter labor hours and better working conditions. The problem with the National Labor Union was that it supported almost utopian labor policies and political ideas, but it didn't focus on the actual working conditions of its members.