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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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Which of the following policies restrict employees from being in a position to manipulate security configurations by limiting th
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The following policy that prevents employees from being able to tamper with security settings by limiting the time they spend checking those settings is about is <u>Job Rotation,</u> this limits the amount of time that people can tamper with security settings

<h3>What is job rotation?</h3>

It is the process in which a worker leaves his position and this must be replaced by another. In other words, any exit or entry of a collaborator in the company generates a rotation movement. There are even different types of job rotation:

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7 0
1 year ago
Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod
REY [17]

Profit is maximized when Q = 4 and P = $40, with maximum profit = $90.

<u>Explanation:</u>

(a)  (i) Marginal cost (MC) = Change in Total cost (TC) by Change in output (Q)

(ii) Total revenue (TR) = Price (P) into Q

(iii) Marginal revenue (MR) = Change in TR by Change in Q

(iv) Profit = TR - TC

Therefore:

Q  TC  MC  P  TR  MR  PROFIT

0  25   60  0   -25

1  40  15  55  55  55  15

2  45  5  50  100  45  55

3  55  10  45  135  35  80

4  70  15  40  160  25  90

5  90  20  35  175  15  85

6  115  25  30  180  5  65

7  145  30  25  175  -5  30

8  180  35  20  160  -15  -20

9  220 40  15  135  -25  -85

10  265 45  10  100  -35  -165

When Q = 4, MR = $25 and MC = $15, so MR > MC. When Q = 5, MR = $15 and MC = $20, so MR < MC. Therefore,  

Profit is maximized when Q = 4 and P = $40, with maximum profit = $90.

(b)  In the long run, new firms will enter the market by being attracted by positive short run profit. Therefore in long run, demand for individual firm will decrease, price for individual firm will decrease and profit will decrease until each existing firm earns zero economic profit.

4 0
3 years ago
Read the excerpts and answer the question that follows. Once in a Lifetime by Jhumpa Lahiri (excerpt) My feelings were complicat
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The description that details the difference in both excerpts is that Hema's identity was influenced by her parents whereas the speaker of Freeway 280 is searching for her identity.

The narrator stated that her mother considered the idea of a child sleeping alone a cruel American practice, and therefore did not encourage it.

The above showed that the narrator was influenced by her mother. On the other hand, the speaker of Freeway 280 is searching for her identity.

Learn more about excerpts on:

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Late one night, while studying for your anatomy class, you open a box of saltine crackers to do a little snacking. after chewing
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<span>Salivary amylase in your saliva breaks down the starchy morsel as you chew. The starch breaks down into maltose that accounts for the sweet taste in your mouth.</span>
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What are some of the roadblocks to economic development in west africa?
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They have no clean water!

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