Mathematics, 25.11.2021 08:30 kiki197701
Calculating the Cost of a Loan Sierra is getting a loan to purchase a car, but she has a few options for loan terms. She is comparing the cost of each loan to determine which loan will cost the least in terms of interest paid. (Interest is the fee paid for the use of borrowed money, and it is expressed as a percentage of the amount borrowed. When dealing with simple interest, interest owed is a percentage of the amount borrowed multiplied by the amount of time the borrower takes to repay the loan.) All of the loan offers are for $10,000, and include an upfront fee of $200. They are all simple interest loans (as opposed to compound interest loans). Loan A is to be paid back over five years with an annual interest rate of 6 percent. Loan B is to be paid back over four years with an annual interest rate of 4 percent. Loan C is to be paid back over three years with an interest rate of 5 percent. How can Sierra figure out which loan will require the lowest interest payments?
Answers: 2
Mathematics, 21.06.2019 14:00
Me. drysdale earned 906.25 in interest in one year on money that he had deposited in his local bank if the bank paid an interest rate of 6.25% how much money did mr. drysdale deposit
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Mathematics, 21.06.2019 18:00
Mozart lenses inc. recently introduced seelites, a thinner lens for eyelasses. of a sample of 800 eyeglass wearers, 246 said they would purchases their next pair of eyeglasses with the new lenses. lenses inc. estimates that the number of people who purchase eyeglasses in a year is 1,700,000. most eyeglasses wearer buy one new pair of eyeglasses a year. what is the annual sales potential for the new lenses.
Answers: 1
Mathematics, 21.06.2019 20:20
Recall that the owner of a local health food store recently started a new ad campaign to attract more business and wants to know if average daily sales have increased. historically average daily sales were approximately $2,700. the upper bound of the 95% range of likely sample means for this one-sided test is approximately $2,843.44. if the owner took a random sample of forty-five days and found that daily average sales were now $2,984, what can she conclude at the 95% confidence level?
Answers: 1
Mathematics, 21.06.2019 23:30
Find β7β. a. 1 over 7 b. β7 c. 7 asap i always mark brailiest who me so
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Calculating the Cost of a Loan Sierra is getting a loan to purchase a car, but she has a few options...
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