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Bess [88]
3 years ago
7

Your friend just purchased a new hybrid for $25,236. She received $3,110 for her trade in and used that money as a down payment

for the new hybrid car. She financed the vehicle at 12% APR over 48 months. She received a stipend from school and paid off the loan after making 30 payments. Use the actuarial method formula and the table above to determine the amount of unearned interest given that her monthly payment is $582.74.
a.
$1,402.00
c.
$933.59
b.
$1,230.72
d.
$582.74

The answer is c
Mathematics
1 answer:
Anna007 [38]3 years ago
3 0
The answer will be C
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A manufacturing company has the following fixed monthly costs and unit variable costs: Rent = $2,200 Utilities = $375 Variable c
valentinak56 [21]

A manufacturing company has the following fixed monthly costs and unit variable costs:

Rent = $2,200

Utilities = $375

Variable costs for materials and assembly = $13.25/unit

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3 years ago
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Answer:

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You invest a total of $5800 in two investments earning 3.5% and 5.5% simple interest. Your goal is to have a total annual intere
attashe74 [19]
The annual interest that can be earned through investment of an amount at a simple interest can be calculated through the equation,
                I  = P x (i)
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Simplifying the equation,
 
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Combining like terms,
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