1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zloy xaker [14]
3 years ago
10

Douglas has a credit card with an interest rate of 11. 05%, compounded monthly. He used his credit card to buy a new sofa, which

cost $670 before the sales tax of 7. 94%. Douglas paid off his balance by making equal monthly payments for three years. Assuming that he had no other purchases on his credit card, how much did Douglas pay in total for the sofa? (Round all dollar values to the nearest cent. ) a. $1,005. 93 b. $790. 20 c. $723. 20 d. $852. 84.
Business
1 answer:
s344n2d4d5 [400]3 years ago
4 0

Answer:

The answer is the last option. Option D $852.84

You might be interested in
A popular soft drink is sold in 2​-liter ​(​2000-milliliter) bottles. Because of variation in the filling​ process, bottles have
saul85 [17]

Answer:

The answer is below.

Explanation:

The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }

a) Given that n = 100, μ = 2000, σ = 18

For x < 1995 millimeters:

z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} }  =-2.78

From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027

b) P(z > z*)  = 10% = 0.1

P(z < z*) = 1 - 0.1 = 0.9

z* = 1.28

z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000  =-2.304\\\\x=2002.3\ ml\\\\

From the normal distribution table, P(z < z

6 0
3 years ago
Nadira stood outside the mall and asked people which stores they visited and if they bought anything. If they said yes, she aske
AlexFokin [52]

Answer: In-depth interview.

Explanation:

Nadira engaged the buyers at the mall in in-depth interview to gather information on the buyers behavior. An in-depth interview is a form of information gathering that involves, a one-on-one interaction between two people, where one person ask some set of questions and the other person offers sincere answers to questions asked.

8 0
3 years ago
You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w
ruslelena [56]
For this case we have an equation of the form:
 y = A * (b) ^ x&#10;
 Where,
 A: initial amount
 b: growth rate
 x: number of years
 Substituting values we have:
 y = 30000 * (1,039) ^ x&#10;
 By the time the earnings increase to 75000 we have:
 75000 = 30000 * (1,039) ^ x&#10;
 From here, we clear x:
 (1,039) ^ x = (75000/30000)&#10;&#10;log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))&#10;&#10;
 x = log1.039 ((75000/30000))&#10;&#10;x = 23.95 years
 Answer:
 
you will have to wait until 23.95 years your winnings are worth $ 75,000
7 0
4 years ago
Year to date, Company Y had earned a 10.8 percent return. During the same time period, Company R earned 12.20 percent and Compan
Monica [59]

Answer:

8.82%

Explanation:

The computation of the portfolio return is shown below:

Portfolio return = Respective returns ×Respective weights

= (10.8 × 0.45) + (12.2 × 0.35) + (-1.56 × 0.20)

= 8.82%

Hence, the portfolio return is 8.82%

We simply applied the above formula so that the portfolio return could come

And, the same is to be considered

8 0
3 years ago
American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be
Shalnov [3]

Answer:

If American produces the new compound, profit will increase by $88,000

Explanation:

increase in selling price = selling price of new variant of chemical - selling price of chemical compound

                                         = $83 - $52

                                         = $31

Net increase in profit = total increase in selling price - additional processing cost

                                    = $31*8000 - $160000

                                    = $248000 - $160000

                                    = $88,000

Therefore, If American produces the new compound, profit will increase by $88,000.

net increase in profit =

3 0
3 years ago
Other questions:
  • What might you find out an about people who are described as credit risks
    15·1 answer
  • Which type of markup takes into account the total costs of running the company not just the wholesale cost of the product so tha
    6·2 answers
  • Jody’s boss has asked her to inform her coworkers about a change in the company’s policy regarding the dress code. To convey thi
    9·1 answer
  • The accounting rate of return is computed as: a. Average annual income from the project divided by average annual investment. b.
    9·1 answer
  • When an intercompany inventory profit resulting from a sale by a less than 100% owned subsidiary to its parent is eliminated, th
    13·1 answer
  • Simple Random Sampling: The EAI data has information on the annual
    9·1 answer
  • Trent runs a small business in which he manufactures hinges to be used in kitchen and storage cabinetry. He stores the hinges in
    8·1 answer
  • Any guys wanna join a pad <br> let
    13·2 answers
  • Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sol
    13·1 answer
  • A firm based in mexico has found its growth is restricted by the limited liquidity of the mexican capital market. what are the f
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!