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Yakvenalex [24]
3 years ago
7

In this problem we will consider the effect of the interest rate on loan payments. Zoe has saved enough for the down payment on

a new car. She will borrow $29,685 to pay for the remainder of the car. She plans to make monthly payments for the next 3 years to pay off the loan. Her bank offers her a loan at 6% annual interest. The car dealer offers her a slightly higher rate of 7.2%. Zoe is not sure it is worth the hassle of going to the bank when she could simply complete the transaction at the dealer. How much more will Zoe pay over the life of the loan if she takes the 7.2% loan?

Business
1 answer:
Arturiano [62]3 years ago
6 0

Answer:

$583.92

Explanation:

See attached file

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Autopitch devices are made for both​ major- and​ minor-league teams to help them improve their batting averages. When set at the
aivan3 [116]

Answer:

Control limits for x_bar are between 59.076 and 60.924

Control limits for R are between 0.669 and 5.331

Explanation:

Given data:

x_bar = 60 mph

n = 10

R = 3 mph

Step 1: Factors (see table attached)

At n = 10, factors for computing control charts limits are,

A2 = Mean factor = 0.308

D3 = Lower range = 0.223

D4 = Upper range = 1.777

Step 2: Control limits for x_bar

Lower Control limit:

LCL =  x_bar - A2*R = 60 - (0.308)(3) = 60 - 0.924 = 59.076

Upper Control limit:

UCL =  x-bar + A2*R = 60 + (0.308)(3) = 60 + 0.924 = 60.924

The control limits for x_bar are between 59.076 and 60.924

Step 3: Control limits for R

Lower Control limit:

LCL = D3*R = 0.223(3) = 0.669

Upper Control limit:

UCL = D4*R = 1.777(3) = 5.331

The control limits for R are between 0.669 and 5.331

Hope this helps!

5 0
3 years ago
Sheridan Company used high-low data from June and July to determine its variable cost of $12 per unit. Additional information fo
Vinvika [58]

Answer:

See below

Explanation:

June 37,600 - 2,300 = 35,300

July 17,200 - 600 = 16,600

5 0
3 years ago
A student looking at the timeline for a student loan on page 60 of the text makes the following​ observation: The text states th
Brrunno [24]

Answer: A. incorrect because part of each payment is to principal and to interest.​ Therefore, only a portion of the payment goes to​ interest, so the full amount should not be included when computing the rate of interest paid.

Explanation:

When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.

The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.

6 0
3 years ago
A learning organization is an organization that actively creates, acquires, and transfers knowledge within itself and is able to
Kipish [7]

Answer:

As it is said in the text, Learning Organizations are organization that enables people to build their knowledge and capacity.

Explanation:

A learning organization creates in people more value around their skills and motivates them. They are essential and the key to success. In order to build them there’s a huge need of having a training plan so people in it keep on studying and challenging theirselves. To track these trainings there must be an evaluation and monitoring plan so that we can be aware of the changes needed.

7 0
3 years ago
The risks of vertical integration include all of the following EXCEPT: a. costs and expenses associated with increased overhead
aleksandrvk [35]

Answer: Lack of control over valuable assets

 

Explanation: In simple words, vertical integration refers to a process under which an organisation combines two or more stages of production which were previously performed by any other company.

The vertical integration is done where the company wants to get more hold on its supply chain with the ultimate objective of having better control over valuable assets.

Hence from the above we can conclude that the correct option is C.

5 0
3 years ago
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