Answer:
The maximum amount he can finance without exceeding his payment goal if interest rates are 3% is $160,000.
Explanation:
Assumption: There is no compounding effect as interest earned is paid as car payment and interest rate is 3% per year.
Monthly Outcome required = $400
Interest Rate = i = 3%
Number of Years = 5 years
Number of Months = 5 x 12 = 60 Months
Amount to be Finance = P = ?
Use Following formula to calculate the amount of Finance
Interest = P x ( 3% / 12 )
$400 = P x ( 0.25% )
$400 / (0.25% ) = P
P = $400 / 0.0025
P = $160,000
The maximum amount he can finance without exceeding his payment goal if interest rates are 3% is $160,000.
Answer:
False
Explanation:
Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.
As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.
Information utility is a measure of preferences over some set of goods and services, it represents satisfaction experienced by the consumer from a good.
Answer:
I think the answer should be clear. The answer is B. Low-risk investment. Was that helpful?
Answer:
A) 14.72 hours
B) An additional worker should be hired since the lost work time is 14.72 hours
Explanation:
Number of machines on manufacturing line = 8
percentage of machine been down = 23%
number of workers capable of running and repairing machines = 2
machine productivity ( per machine ) = 18 units/hour
overhead cost / machine = $713
hourly rate paid per worker = $15
Total number of work hours = 8 hour
A) calculate Total amount of lost worktime
= number of machines * Total number of work hours * 23%
= 8 * 8 * 23% = 14.72 hours
B) An additional worker should be hired since the lost work time is 14.72 hours
