Answer:
$495,614.80
Explanation:
The interest paid will be the total amount paid minus the principal amount.
The amount paid after 30 years using compound interest will be
the future amount. Interest rate is compounded monthly . There are 12 compounds in a year, equivalent to 360 after 30 years.
interest is 4.35 per year or 4.35/12 per month
FV = P x ( 1+ r)N
Fv = 185,000 x ( 1+ 0.3625/100)360
Fv = 185,000 x (1.003625)30
Fv = 185,000 x 3.67899783
Fv = 680,614.60
Interest paid will be = $,614.80 - $185,000.00
=$495,614.80
Answer:
$36
$6466
Explanation:
For each 1 dollar increase, 5 fewer cars are rented. If y is added to the daily rate. They will rent 210 - 5y at 30 + y dollars.
Hence 210 - 5y × 30 + y = income.
F(y) = 210 - 5y × 30 + y
F(y) = 6300 + 210y - 150y -5y^2
F(y) = -5y^2 + 60y + 6300
To maximize income, we get the first derivative
F(y) = -5y^2 + 60y + 6300
F'(y) = -10y + 60
-10y + 60 = 0
10y = 60
y = 6
Therefore, the should increase their rate by $6, hence they should charge $36.
To find max income, put 7 into y
F(y) = -5×7^2 + 60×7 + 6300
= -254 + 420 + 6300
= $6466
Max income = $6466
The situation best outlines Competitive Failure. In financial aspects, advertise disappointment is a circumstance in which the portion of products and ventures isn't proficient. That is, there exists another possible result where no less than one individual might be improved off without exacerbating another person off.
Answer:
Explanation:
Mixing and matching financial institutions and their services involves using services of different financial institutions. The benefits of doing this is to utilize their different lending and borrowing interest rates. One that has the lowest lending interest rate will be used to get credit and the one with the highest savings rate will be chosen for investments. Another benefit is to minimize fees, minimize risk of loss could there be a bank-run and to also enjoy the increase in flexibility that comes with managing money in different accounts.
Answer: yes I agree the him
Explanation: