The amount of your original loan is closest to ________
Two years ago you purchased a new SUV. You financed your SUV for 60 months (with payments made at the end of the month) with a loan at 5.95% APR. Your monthly payments are $386.19 and you have just made your 24th monthly payment on your SUV.
A) $22,000
B) $20,000
C) $24,000
D) $28,000
Answer: B
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A population has a mean of 125 and a standard deviation of 16. A sample of 64 observations will be taken. The probability that the sample mean will be between 122.4 and 126.1 is
A. 0.1821. B. 0.0919. C. 0.6120. D. 0.3880.
A company's product is very complex, and there is value in having employees develop deep expertise in each aspect of the production process. Which organizational structure would foster deep, specialized knowledge?
A. matrix B. functional C. market D. divisional E. product
Customer lifetime value (CLV) represents the total stream of purchase a customer could contribute to the company over the life of the relationship.
Answer the following statement true (T) or false (F)
The calculation of the APR should take into account both the points on the loan and the contract rate
Indicate whether the statement is true or false