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Nastasia [14]
3 years ago
11

A loan of $5,000 is charged a 12% annual interest rate. An $80 payment is made each month. a. Write a recurrence relation for th

e loan balance remaining at the beginning of month n. b. Solve the recurrence relation. (See Exercise 27 of Section 2.2 for the formula for the sum of a geometric sequence.) c. How much is left of the loan balance at the beginning of the 19th month?

Business
1 answer:
klemol [59]3 years ago
7 0

Answer:

$4163.57

Explanation:

Please see attachment

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Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust
Tatiana [17]

Answer:

Total allocated cost= $146.4

Explanation:

Giving the following information:

Julie Stone visited the hotel for a 6-night stay.

Julie had 3 meals in the hotel during the visit.

guest check-in= $8.40 per guest check-in

room cleaning= $21.00 per room cleaning

meal service= $4.00 per served meal

<u>To allocate costs based on the activity, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

guest check-in= 8.40*1= 8.4

room cleaning= 21.00*6= 126

meal service= 4.00*3= 12

Total allocated cost= $146.4

3 0
3 years ago
The major portion of the monthly payment is used to pay off the principal. True
adoni [48]
This is true.................
4 0
3 years ago
Because of an accident royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.
ch4aika [34]
The answer is going to be D.... $571.24
5 0
4 years ago
Read 2 more answers
Social media sites like StuffDOT are often classified based on two factors; self-disclosure and ________, which is the degree of
Rasek [7]

Answer:

E) media richness

Explanation:

Based on the information provided within the question it can be said that these sites are often classified as self-disclosure and media richness. Media Richness refers to ability that the media has in regards to transmitting the needed information in a fast and efficient manner, in a acoustic, visual, and personal manner between people.

8 0
3 years ago
Stock prices are:____.
nydimaria [60]

Stock prices are determined by market transactions.

<h3>What are stock prices?</h3>

A company's share price is decided by market forces such as supply and demand after its shares begin trading on a stock exchange. The price will rise if there is a significant demand for its shares because of advantageous circumstances.

The most accurate way to determine a security's present value is to look at its current price, which is the most recent selling price of any stock, currency, good, or precious metal that is traded on an exchange.

A company's market capitalisation and, by extension, its market value are impacted by changes in share prices. A company's market value increases with rising share prices and vice versa.

To learn more about stock prices visit:

brainly.com/question/15021152

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8 0
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