Solve the problem.Daryl borrows $3,750 at a rate of 10.5% compounded semiannually. Find how much Daryl owes at the end of 5 years.Use: A = Pntwhere:A = final amountP = $3,750 (the amount borrowed)r = 10.5% = 0.105 (the annual rate of interest)n = 2 (the number of times interest is compounded each year)t = 5 (the duration of the loan in years)

A. $4,843.30
B. $39,468.75
C. $6,255.36
D. $6,880.90


Answer: C

Mathematics

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Aberwald Corporation expects to sell 120,000 memory chips this year. Aberwald has determined that it costs $3 to carry each chip in inventory and $50 each time an order for raw materials is placed. Assuming Aberwald always orders the EOQ amount, what will be its total ordering cost this year?

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