Maria is going to take out a loan with a principal of $19,700. She has narrowed down her options to two banks. Bank M charges an interest rate of 7.1%, compounded monthly, and requires that the loan be paid off in five years. Bank N charges an interest rate of 7.8%, compounded monthly, and requires that the loan be paid off in four years. How would you recommend that Maria choose her loan?a.
Bank M offers a better loan in every regard, so Maria should choose it over Bank N’s.
b.
Maria should choose Bank M’s loan if she cares more about lower monthly payments, and she should choose Bank N’s loan if she cares more about the lowest lifetime cost.
c.
Maria should choose Bank N’s loan if she cares more about lower monthly payments, and she should choose Bank M’s loan if she cares more about the lowest lifetime cost.
d.
Bank N offers a better loan in every regard, so Maria should choose it over Bank M’s.

Answers

Answer 1
Answer:

Answer:

B

Explanation:

To answer this question we have to make comparisons between the two proposals.

1) Bank M

19700

7.1% compounded monthly = 86 annualy

5 years Maturity

Performing calculations, the outcomes:

Monthly Payment $391.01

Time Required to Clear Debt 5.00 years

60 Payments total of $23,460.82

Total Interest $3,760.82

2) Bank N

19700

7.8%

4 years maturity.

Monthly Payment $479.09

48 Payments total of $22,996.19

Total Interest $3,296.19

Both proposals consider a Constant Amortization System, with constant monthly payments. Notice also that Bank N offer lower total interest despite a higher monthly payment, and Bank M offer higher interest yield and lower monthly payment.

.

Answer 2
Answer:

Answer:

Answer is B I am 2000% sure.

Explanation:


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Property taxes typically pay for

Answers

-animal control
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The personnel department of Credit Counselors is preparing annual reports on employee benefits. Vincent Tucker's gross annual salary is $36,500. His benefits total $10,079.71. What percent of his annual salary are Vincent's total annual benefits?

Answers

Answer:

The percent of his annual salary which are total annual benefits is 27.62%

Explanation:

The value of annual benefits as a percentage of gross annual salary can be calculated by taking the value of annual benefits and dividing it by the gross annual salary.

Percentage = Annual benefits / Gross annual salary

Percentage = 10079.71 / 36500

Percentage = 0.276156 or 27.6156% rounded off to 27.62%

Which of the following is a reason a country might put a tariff on imports?a. To form an agency relationship
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c. To protect domestic companies
d. To create free trade

Answers

The following reason a country might put a tariff on import is C.) TO PROTECT DOMESTIC COMPANIES.

This reason is not only for tariff but also for quota imposed on imports.

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The Answer is Choice C.

What is credit card balance

Answers

A credit card balance is the amount of money you owe the company who give you the credit card. A time delay in processing payments can mean that the balance is not always accurately reflected until payments have gone through. Credit card balances can be positive, negative or nil.

Why does the energy decrease as we go along the food chain from producers to tertiary consumers?

Answers

Energy decreases

Explanation: as it moves up trophic levels because energy is lost as metabolic heat when the organisms from one trophic level are consumed by organisms from the next level.

Final answer:

Energy decreases along the food chain from producers to tertiary consumers due to energy loss at each trophic level and inefficient energy transfer.

Explanation:

As we go along the food chain from producers to tertiary consumers, the amount of energy available decreases. This is because energy is lost at each trophic level through processes such as respiration, heat loss, and waste production. Additionally, only a fraction of the energy stored in the organisms at one trophic level is transferred to the next level through consumption.



For example, let's consider a simple food chain with grass as the producer, gazelles as the primary consumers, lions as the secondary consumers, and hyenas as the tertiary consumers. The grass absorbs energy from the sun through photosynthesis and stores it in its tissues. When a gazelle eats the grass, it obtains some of that energy. However, the lion that eats the gazelle only receives a fraction of the energy stored in the gazelle's tissues. As a result, by the time the energy reaches the tertiary consumers, there is much less available compared to the energy stored by the producers.

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A company produces and sells 2,500 sets of silverware each year. Each production run has a fixed cost of $200 and an additional cost of $5 per set of silverware. To store a set for a full year costs $4. What is the optimal number of production runs the company should make each year

Answers

Answer:

500 runs

Explanation:

In this question, we are asked to calculate the optimal number of production runs the company should make each year.

Please check attachment for complete solution and step by step explanation

Final answer:

The optimal number of production runs per year for a company that manufactures silverware is determined by minimizing the total cost per year, taking into account the fixed cost per run, the cost per unit, and the cost of storing a unit for a full year. This is achieved when the incremental cost of producing and storing one more set of silverware equals the incremental revenue from selling one more set. The calculation involves differentiating the total cost function with respect to the quantity produced in a single run, and solving this derivative equal to zero.

Explanation:

This question is about determining the optimal number of product runs per year for a company that makes silverware. The optimal number of product runs should minimize the total cost which includes production costs and storage costs. To find this optimal number of product runs, we need to take into consideration, the fixed cost per run, the cost per unit of silverware, and the cost of storing a set for a full year.

Let's define Q as the quantity of silverware sets produced in a single run, C as the cost per run excluding the cost per unit of silverware, V as the variable cost per unit of silverware, and S as the storage cost per set of silverware for a full year. The total cost for a year can then be expressed as:

TC = C * 2500/Q + V + S * Q

Note that the first term of the equation, C * 2500/Q, represents the fixed costs per set of silverware, and the last term, S * Q, represents the total storage cost for the units produced in a single run. Given the values for C ($200), V ($5), and S ($4), the task is to find the value of Q that minimizes TC. You can accomplish this by taking the derivative of TC with respect to Q, setting it equal to zero, and solving for Q. This is a calculus operation beyond the scope of this response, but the concept is that the optimal number of production runs per year is achieved when the incremental cost of producing and storing one more set of silverware is equal to the incremental revenue from selling one more set.

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