An online store that has been successfully growing on its initial angel investment and revenue wants to invest $5 million to expand the business. The bank is willing to lend the business this money at a 10 percent interest rate over an eight-year term. Calculate the monthly payment and explain what the business must be able to do with this money in order for this to be a smart business decision.

Answers

Answer 1

Answer: At simple interest: 10% = 5,000, 000 x 10/100 = 5,000,000 x (1/10) =$500,000 spread over 8 years = 8 x $62,500 monthly interest payment = $62,500/12=$5208.33 Smart decision: has to at least break-even, if not generate more than the total interest repayment.

Answer 2

Answer:

$5208.33

Step-by-step explanation:

5,000,000 x 0.10= $500,000 500,000 / 8= $62500 62500/ 12= $5208.33 total interest repayment

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A company finds it can produce 5 heaters for $2000, while producing 15 heaters costs $4600. Express the cost, y, as a linear function of the number of heaters, X. Determine the cost to produce 20 heaters. Express the cost, y, as a linear function of the number of heaters, X. ou y = (Simplify your answer.) The cost to produce 20 heaters is $

Answers

Answer:

y = 260x + 700
$5900

Step-by-step explanation:

We can describe it as a linear function with points of:

(5, 2000) and (15, 4600)

Slope intercept formula:

y = mx +b

Finding the slope using the two given points:

m = (4600-2000)/(15-5) = 2600/10 = 260

Finding b:

2000 = 5*260 + b

b = 2000 - 1300 = 700

Formula obtained:

y = 260x + 700

For x = 20, value of y is:

y = 260*20 + 700 = 5200+700 = $5900

Final answer:

To express the cost, y, as a linear function of the number of heaters, X, we can use the two-point formula to find the equation of the line. The equation is y = 260x + 700, and the cost to produce 20 heaters is $5900.

Explanation:

To express the cost, y, as a linear function of the number of heaters, x, we need to find the slope and y-intercept of the equation. We can do this by finding the equation of the line that passes through the points (5, 2000) and (15, 4600). Using the two-point formula, we have:

slope = (4600 - 2000) / (15 - 5) = 2600 / 10 = 260

y-intercept = 2000 - 260 * 5 = 2000 - 1300 = 700

Therefore, the equation of the line is y = 260x + 700.

To find the cost to produce 20 heaters, we substitute x = 20 into the equation:

y = 260 * 20 + 700 = 5200 + 700 = 5900

So, the cost to produce 20 heaters is $5900.

Learn more about Linear function here:

brainly.com/question/40461731

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NEED HELP....arrange the following in ascending order: 13/24;2/3;7/12;5/6;5/8

Answers

13/24, 7/12, 5/8, 2/3, 5/6 :)

Graph the liner equation

Answers

-x - y = 0
-x + x - y = x
-y = x
-1 -1
y = -x

Answer:

can you help me w math?

Step-by-step explanation:

Evaluate [3(5 + 6) + 2] ÷ 7

Answers

The answer to the problem is 5

Help please i’m so confused

Answers

Answer:

dis is easy c :D

Step-by-step explanation:

1. If Ronnie paid $40 for 8 hamburgers, find the unit price of a hamburger.

Answers

Answer:

The burger is $5 each.

Step-by-step explanation:

8x = 40

x = 5

Answer:

the unit price would be $5

Step-by-step explanation:

40÷8=5

5×8=40

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