Mathematics, 06.11.2020 19:10, Superman2934
Biochemical Corp. requires $590,000 in financing over the next three years. The firm can borrow the funds for three years at 9.00 percent interest per year. The CEO decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.25 percent interest in the first year, 11.90 percent interest in the second year, and 8.15 percent interest in the third year. Assume interest is paid in full at the end of each year.
a. Determine the total interest cost under each plan.
b. Which plan is less costly?
multiple choice
Long-term fixed-rate plan
Short-term variable-rate plan
Answers: 2
Mathematics, 21.06.2019 17:10, payshencec21
The number of chocolate chips in an 18-ounce bag of chocolate chip cookies is approximately normally distributed with a mean of 1252 chips and standard deviation 129 chips. (a) what is the probability that a randomly selected bag contains between 1100 and 1500 chocolate chips, inclusive? (b) what is the probability that a randomly selected bag contains fewer than 1125 chocolate chips? (c) what proportion of bags contains more than 1225 chocolate chips? (d) what is the percentile rank of a bag that contains 1425 chocolate chips?
Answers: 1
Mathematics, 21.06.2019 18:30, isabellacampos4586
It took alice 5 5/6 hours to drive to her grandparents' house for . on the way home, she ran into traffic and it took her 7 3/8 hours. how much longer did the return trip take? write your answer as a proper fraction or mixed number in simplest form. the trip home took __hours longer. ?
Answers: 1
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