Answer:
The correct answer is D. $348.38
Step-by-step explanation:
Number of months = 36
Lease amount = $26000
Residual value = 71%
= 0.71 × 26000
= $18460
Interest Rate = 7.5%
Step 1 : To calculate monthly depreciation by using the formula :
Step 2 : To calculate monthly financial charge by using the formula :
Monthly Financial Charge = (Lease amount + Residual value) × Money factor
= (26000 + 18460) × 0.003125
= $138.94
Step 3 : To calculate lease amount by using the formula :
Monthly Lease Amount = Monthly Depreciation + Financial Charge
= 209.44 + 138.94
= $348.38
Hence, The correct answer is D. $348.38
Answer:
Sara should sell each bracelet at <em>$8.50</em> to make a profit of $99.
Step-by-step explanation:
We are given the following:
Total cost = $28.50
Total bracelets to be made = 15
Total profit to be made = $99
Let be the price at which Sara sells each bracelet to make a profit of $99.
Also,
Equating (1) and (2):
Sara should <em>sell each bracelet at $8.50</em> to make a profit of $99.
Answer:
-3/2+√29/2 or -3/2-√29/2
Step-by-step explanation:
When the graph intercepts with x-axis, the value of y is zero.
So substitute y with zero.
