Anna Levandowski took out a $4,000 simple interest loan at 8% interest for 24 months to buy a wave runner. Her monthly payment is $180.91. After making payments for 9 months, her balance is $2,574.21. She decides to pay the loan off with her next payment. How much will her final payment be? How much interest will she save?
$2,589.66, $123.99
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Which of the following statements is true of information technology (IT)?
A) Information technology includes hardware and software, but excludes telecommunications. B) Anything capable of collecting, processing, storing, or displaying electronic data is potentially part of an information system. C) Telecommunications and networks should not be confused as a part of IT. D) The Internet and the World Wide Web have hampered software creativity.
The ending Retained Earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividend of $5.4 million during the year. What was the net income for the year?
A. $4.4 million. B. $1.0 million. C. $7.5 million. D. $6.4 million.
Let us assume the average number of customers served per hour is five customers. What is the probability that the service exceeds 1 hour for any customer?
a. 0.67% b. 1.23% c. 0.98% d. 9.00%
Due to compounding frequency, the actual interest rate or APY you pay is higher than the advertised interest rate or APR
Indicate whether this statement is true or false.