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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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At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
Citrus2011 [14]

The statement "bikes shortage should be developed" is correct.

The following information should be considered:

  • In the case when the firm wants to sell the product at a lower price so there should be a product shortage.
  • The demand and supply should not achieve at equilibrium.
  • There is no inelastic demand that should be developed.
  • The no of bikes generated should not be increased.

Therefore we can conclude that The statement "bikes shortage should be developed" is correct.

Learn more about the product shortage here: brainly.com/question/12596577

6 0
2 years ago
Select the correct answer
Luda [366]

Answer:

option. C. $50

Explanation:

Your loss is limited to $50 if you notify your financial institution within two business days after learning of the theft.

7 0
2 years ago
Please answer this question...
oee [108]

Answer: yes! Aww thanks, you too :))

Explanation: have a great day!!

5 0
3 years ago
Read 2 more answers
A company pays each of its two office employees each Friday at the rate of $210 per day for a five-day week that begins on Monda
marusya05 [52]

Answer:

Correct answer is:

Debit Salaries Expense $840

Credit Salaries Payable $840

Explanation:

2 employees each paid at $ 210 per day so daily salary expense is $210*2 = $420.

The accounting period ends on Tuesday and both employees work for Monday and Tuesday so the 2 days salaries expense is $420*2= $840.

As the salaries are paid on every Friday so there is a liability on a company for the 2 days salary payable to be recorded on accounting period close date i.e Tuesday.

4 0
2 years ago
Read 2 more answers
A delivery of packaged frozen vegetables should be rejected if
pav-90 [236]
If the temperature of chilled food deliveries is less than or equal to +5°C and frozen food is not greater than –18°C. Food which is delivered at the wrong temperature must be rejected, i hope this helped!
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