Nick paid $ 1609.57 more than Miles.
Since Miles and Nick each separately apply for and receive loans worth $ 5,000 apiece, and Miles has an APR of 7.75%, compounded monthly, while Nick's has an APR of 13.10% interest, compounded monthly, if both of them repay their loans over a four year period, making equal monthly payments based on their own loan, to determine how much more will Nick have paid than Miles, the following calculation must be performed:
- 5000 x (1 + 0.0775 / 12) ^ (4x12) = Miles
- 5000 x 1.0064583 ^ 48 = Miles
- 5000 x 1.3620 = Miles
- 6810.33 = Miles
- 5000 x (1 + 0.1310 / 12) ^ (4x12) = Nick
- 5000 x 1.010916 ^ 48 = Nick
- 5000 x 1.6839 = Nick
- 8419.90 = Nick
- 8419.90 - 6810.33 = 1609.57
Therefore, Nick paid $ 1609.57 more than Miles.
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Answer:
Primary socialization occurs early in a child's life and is primarily due to the influence of family and close friends. Through primary socialization, a child learns basic societal norms and customs. Toilet training is an example of primary socialization.
Explanation:
Answer:
Hierarchy, Information Systems
Explanation:
The pyramid model of four level in an organization is based on and is depends on the various levels of the hierarchy systems or management in the organization.
These four level is of different types of the Information System in the organization.
1. First level : It is also known as Strategic level or Executive Information Systems.
2. Second level : It is also know as Management Level or the Decision Support Systems.
3. Third level : Another term is Management Level or Management Information Systems.
4. Fourth Level : It is called the Operational Level or the Transaction Processing Systems.
<span>When mp3 players emerged and cassette players declined in popularity, the type/s of unemployment created were of those who are making the wires, the mp3 players, the cassette players, the CD players and even the owner or companies who are suppliers of products that are needed to assemble the machines.</span>
Explanation:
Uses:
-Cooking
-Heating
-Smoking
-Cooling
-cheap to use
Harmful:
-Can cause high temperatures; cause heat boils, heat stroke
-Pollution of damaging eater ecosystems
-Can only be constructed in areas where temperatures below the earth's surface.
-Needs extensive research
-Can be forced to operate in relatively remote areas
