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andrezito [222]
3 years ago
6

The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70.I

f the APR is 14.2 percent, what is the maximum initial purchase that Carla can buy on credit?
Business
1 answer:
Ymorist [56]3 years ago
4 0

Answer:

Maximum initial purchase that Carla can buy on credit is <u>$1455.08</u>

Explanation:

Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]

$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]

= $70 = P (1.326209535) * 0.142/12 / 0.326209535

= $70 = P * 0.0156934795 / 0.326209535

= P = $1455.08

So, the maximum initial purchase that Carla can buy on credit = $1455.08

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3 0
2 years ago
The departmental patriarch spent his last years at the university developing and promoting a Student Portfolio Project that requ
valentinak56 [21]

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D, starvation

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3 years ago
Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that
Alecsey [184]

Answer:

A. III only

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PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

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Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

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NEED ASAP <br> What are the steps for properly carrying an item
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Answer:

Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.

Explanation:

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Answer:

Sue will have more money than Neal as long as they retire at the same time

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