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worty [1.4K]
2 years ago
14

Andy took out an unsubsidized student loan of $11,000 at a 7.2% APR, compounded monthly, to pay for his last two semesters of co

llege. If he will begin paying off the loan in 15 months, how much will he owe when he begins making payments?
Business
2 answers:
kramer2 years ago
8 0

$12,032.68, since Andy is responsible for the interest on the loan that accrues before he starts making payments.

Brut [27]2 years ago
5 0

Answer:

$12,032.68, since Andy is responsible for the interest on the loan that accrues before he starts making payments. - APEX

Explanation:

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Diana can either invest $20,\!000$ dollars for $4$ years with a simple interest rate of $6\%$ or an interest rate of $7\%$ which
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Answer:

$34,243.28

Explanation:

Simple interest = P x r x t

where:

P = Principal

r = rate

T = time

Therefore simple interest = 20,000 x 6% x 4 = $4,800

Compound Interest = ((P*(1+r)^n) - P),

where P is the principal,

r is the annual interest rate = 7%, and

n is the number of periods = 4 years x 4 quarters a year.

Therefore compound interest = ((20000 (1+0.07)^16)-20000) = $39,043.28

Difference in interest = $39,043.28 - $4,800 = $34,243.28

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2. Which of the following headlines is more closely related to what microeconomists study than to what macroeconomists study?
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Answer: The answer is D. The price of gasoline rises due to rising oil prices

Explanation: microeconomist study is based on the interaction of individuals or firms in an economy, rather than aggregate economic factors that affect a nation as a whole. Examples are inflation rate, unemployment rates, Per capital income, GDP etc

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2 years ago
Telemarketers receive $15 commission on all new customers they sign up for cell phone service through Movill Networks. Each tele
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Answer:

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
  4. The gross pay of Hylis is $480.

Explanation:

As the data of the employers is not given here, a similar question is found , for which the data is attached herewith.

Now the minimum wage per week for $8 an hour is given as

Minimum Wage=40*$8=$240.

The gross pay of Kenny with 50 new customers is given as

Gross Pay_{Kenny}=n*\$15\\Gross Pay_{Kenny}=50*\$15\\Gross Pay_{Kenny}=\$750

So the gross pay of Kenny is $750.

The gross pay of Charles with 35 new customers is given as

Gross Pay_{Charles}=n*\$15\\Gross Pay_{Charles}=35*\$15\\Gross Pay_{Charles}=\$525

So the gross pay of Charles is $525.

The gross pay of Laurie with 52 new customers is given as

Gross Pay_{Laurie}=n*\$15\\Gross Pay_{Laurie}=52*\$15\\Gross Pay_{Laurie}=\$780

So the gross pay of Laurie is $780.

The gross pay of Hylis with 32 new customers is given as

Gross Pay_{Hylis}=n*\$15\\Gross Pay_{Hylis}=32*\$15\\Gross Pay_{Hylis}=\$480

So the gross pay of Hylis is $480.

As Laurie has the highest number of new customers, so she will receive a bonus of $75.

So the gross pay of Laurie is $780+$75=$855.

So the gross pays are given as

  1. The gross pay of Kenny is $750.
  2. The gross pay of Charles is $525.
  3. The gross pay of Laurie is $855.
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Employees under this managerial form of leadership are not motivated as they are forced to work towards achieving the managers goals with in a very stringent condition.

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