Which statement about installment loans is not true?
a) installment loans usually requi...
Mathematics, 04.02.2020 20:44 joshuakirby
Which statement about installment loans is not true?
a) installment loans usually require a down payment and the remaining amount is financed.
b) to calculate an installment loan subtract the down payment from the cash price to find the amount financed
c) installment loans are loans on which the interest is paid first and the borrower recieves the proceeds.
d) the borrower pays back the principal and interest in regular, equal installments.
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Acaterer knows he will need 60, 50, 80, 40 and 50 dinner napkins on five successive evenings. he can purchase new napkins initially at 25 cents each, after which he can have dirty napkins laundered by a fast one-day laundry service (i.e., dirty napkins given at the end of the day will be ready for use the following day) at 15 cents each, or by a slow two-day service at 8 cents each or both. the caterer wants to know how many napkins he should purchase initially and how many dirty napkins should be laundered by fast and slow service on each of the days in order to minimize his total costs. formulate the caterer’s problem as a linear program as follows (you must state any assumptions you make): a. define all variables clearly. how many are there? b. write out the constraints that must be satisfied, briefly explaining each. (do not simplify.) write out the objective function to be minimized. (do not simplify.)
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Mathematics, 21.06.2019 23:10
Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?
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