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lapo4ka [179]
2 years ago
7

Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. What kind of loan does s

he have? Select one of the options below as your answer:
A. a fixed-rate loan
B. a variable-rate loan
C. a constant-rate loan
Business
2 answers:
Studentka2010 [4]2 years ago
8 0
Evelyn has taken out a colleage loan. She needs to pay five hundred dollars ($500) a month for the next two years to repay the loan. This type of loan is called the fixed-rate loan. The interest rate does not fluctuate during the period of the loan. The answer would be letter A.
olga55 [171]2 years ago
3 0

<u>Determination of type of loan:</u>

In the given case Evelyn has taken out a college loan. She needs to pay $500 every month for two years to repay the loan. It means she has to pay the equal installment for the loan period and the interest amount is already determined by the bank. In other words we can say that there interest rate is already fixed.

A variable-rate loan is a type of loan under which the interest rate changes with the change in the bank rates and it also changes the interest and installment amount.


Hence the Correct option is:

A. a fixed-rate loan  



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Five hundred small almond growers operate in areas with plentiful rainfall. The marginal cost of producing almonds in these loca
notka56 [123]

Answer:

Explanation:

Where Price equals marginal cost ( MC ) , supply will be made .

A ) Supply curve for rainfed area  almond growers

P = .02 Q

Q = 50 P

Supply curve for drier area growers

P = .04 Q

Q = 25 P

B ) No of growers of rainfed area = 500

no of growers of dry area = 300

Total supply = Qs = 50 P x 500 + 25 P x 300

= 25000 P + 7500 P = 32500 P

C )

Market demand Qa = 105000 - 2500 P

For equilibrium Qa = Qs

32500 P = 105000 - 2500 P

35000 P = 105000

P = 3

D ) Qs = 32500 x 3 = 97500 .

E ) amount by rainfed growers

= 500 x 50 x 3 = 75000

amount by dry area growers = 300 x 25 x 3 = 22500

7 0
2 years ago
Archer, in Chicago, wrote to Ganze in New York City offering to purchase her antique car. When she received the letter, Ganze ma
olya-2409 [2.1K]

Answer:

<u>No</u>

Explanation:

<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.

In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.

Also, the fact that she quickly sent a telegram letting  Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.

7 0
2 years ago
Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A
USPshnik [31]

Answer:

20% is the ROI of division A

8% is the ROI of division B

16% is the  ROI of division C

Explanation:

Find the attachments for the explanation

7 0
2 years ago
Cheapo Manufacturing decided to lease a 100,000 square foot facility. What type of lease will they most likely sign? A net lease
Alinara [238K]

Net lease type will be the most likely sign by Cheapo manufacturing.

<u>Explanation:</u>

Single net leases, which are frequently alluded to as a Net or N rent, are not as regular in the rental world. In a rent this way, the proprietor moves a negligible measure of hazard to the occupant, who covers the property charges. This implies some other cost, for example, protection, support and fixes, and utilities—are the proprietor's obligation. The landowner is likewise liable for any support and additionally fixes that must be finished over the span of the rent inside the property.  

Occupants under a solitary net rent wind up paying marginally lower lease than with a standard rent as a result of the additional expense of property charges. In any case, a higher rental installment doesn't reduce the landowner's obligation regarding staying up with the latest.

6 0
2 years ago
An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80.
gavmur [86]

Answer:

a. 125.43 hours

b. 767.92 hours

c. 2,129.04 hours

Explanation:

Using the mathematical approach, we have :

y = ax ^b

Where ,

y is the average time to manufacture x units

a is the time its takes to manufacture first plane

b is the log of 80% divided by log 2

Then,

Average time for 5 planes = 300 (5)^-0.322

                                            = 178.67 hours

Total time for 5 planes = 178.67 hours × 5

                                      = 893.35

Average time for 4 planes = 300 (4)^-0.322

                                            = 191.98 hours

Total time for 5 planes = 191.98 hours × 4

                                      = 767.92 hours

The fifth plane would take =  893.35 - 767.92

                                            =  125.43 hours

Average time for the 18 planes = 300(18)^-0.322

                                                    = 118,28 hours

Total time for 18 planes = 118,28 hours × 18

                                       = 2,129.04 hours

5 0
2 years ago
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