Answer:
The actual monthly payment is $206.08, which is slightly higher than the value given in the question, therefore, the given statement is not true.
Step by Step Explanation:
We have been given the loan amount as $12,000, term of loan as 6 years and annual interest rate as 7.25%.
Let us first find the monthly payment for this data, and then we can compare it with the given data to answer the given question.
We know that EMI formula is given as 
Upon substituting the given values.
Therefore, the monthly payment is $206.08.
Answer:
The correct answer to the following question is dialogue manager .
Explanation:
DDS is know as decision support system , which can be described as the set of integrated computer tools, which helps a decision maker in retrieving useful information by allowing decision maker to interact directly with the computer and this retracted information would be useful in making unstructured and semi structured decisions. This system is really easy to use and one of its component is dialogue manager which would allow a decision maker to easily get access to information and manipulate dds.
Answer:
q1- a q2-c
Explanation:
you have to create the account first
Answer:
16
Explanation:
Compounding periods are the number of times interest is paid to an investment per year. For example, annual compounding means that interest will be paid once a year hence compounding period would be 1.
If semiannualIy, interest would be paid twice a year hence 2 compounding periods per year. In this case, quarterly compounding means that interest payment occur every 3 months hence 4 quarters a year.
In 4 years, total compounding periods would be; 4 *4 = 16 periods.
