On may 12, jemeel takes out a personal loan at an annual effective interest rate of 6%. the loan is to be repaid by payments on each of the next ten may 12s, the first six being for $822 and the final four being for $1,516. (a) find the loan balance immediately after the sixth payment. (b) find the outstanding loan balance immediately after the third payment.

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?