8/9 + (−5/ 6) divided by 1/6

So Basically what a down payment is, it is an initial up-front partial payment for the purchase of expensive items such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction. A loan of some sort is then required to finance the remainder of the payment. You usually pay 10-20% of its value.

Interest is when you don't pay your bills on time and what ever company you owe money to will add a certain percentage on top of what you own. So if you owe 10 dollars and didn't pay it depending on its interest rate it would be 10.70 for 7% interest rate. So the banker or broker would make that on there commission.

Yield Spread is a really interesting the yield spread or credit spread is the difference between the quoted rates of return on two different investments, usually of different credit qualities but similar maturities. It is often an indication of the risk premium for one investment product over another. The phrase is a compound of yield and spread.

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3 years ago

Two cars got an oil change at the same auto shop. The shop charges customers for each quart of oil plus a flat fee for labor. Th

dexar [7]

Answer:

The labor fee is $14.25, each quart of oil costs $2.25.

Step-by-step explanation:

Let $x be thee price of each quart of oil and $y be a flat fee for labor.

1. If the oil change for one car required 5 quarts of oil, then these 5 quarts cost $5x and together with a flat fee for labor it cost $25.50. Thus,

5x+y=25.50.

2. If the oil change for another car required 7 quarts of oil, then these 7 quarts cost $7x and together with a flat fee for labor it cost $30.00. Thus,

7x+y=30.00.

3. Subtract from the second equation the first one, then

$7x+y-(5x+y)=30.00-25.50,\\ \\7x+y-5x-y=4.50,\\ \\2x=4.50,\\ \\x=\$2.25.$