Answer:
I can borrow $24,000
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
The amount of loan can be calculated as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Amount of Loan = $632 x [ ( 1- ( 1 + 1% )^-48 ) / 1% ]
Amount of Loan = $632 x [ ( 1- ( 1.01 )^-48 ) / 0.01 ]
Amount of Loan = $24,000
r = 7.17%
Interest rate is 7.17%
Answer:
The answer is letter C
Explanation:
The quantity of goods or services that can be produced by one hour of work
The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
<h3>What is a common denominator?</h3>
This refers to the feature that is shared by all members, item, quantity of a subject matter.
Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
Read more about common denominator
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Answer:
E. Profit sharing
Explanation:
Employee benefits are the additional gains that employees enjoy in an organization in addition to their salaries.
There are different types of benefits that employers offer their employees.
Some of these are:
1. Medical benefits
2. Retirement benefits
3. Disability benefits
4. Insurance
5. Social security
E. T. C
Profit sharing is not an employee benefit so it is the odd 1 out of these options.
