You bought a car for $6,500. You put down $1,000 cash and have to take a loan out to pay for the rest. The car dealership is offering you a loan of $5,500. They say your interest rate will be 7% and you can pay the car off in 8 years. How much money in interest and how much will you have paid back?

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?

Afamily wishes to save for future college expenses. which financial tool should the family invest in?