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1. You have just taken out a $ 15 000 car loan with a 4 % APR, compounded monthly. The loan is for five years. When you make your first payment in one? month, how much of the payment will go toward the principal of the loan and how much will go toward? interest? ?(Note: Be careful not to round any intermediate steps to fewer than six decimal? places.)
2. You have just sold your house for $900 000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $ 700 000 The mortgage is currently exactly 18.50years? old, and you have just made a payment. If the interest rate on the mortgage is 5.25 % ?(APR), how much cash will you have from the sale once you pay off the? mortgage? ?(Note: Be careful not to round any intermediate steps to fewer than six decimal? places.)
Manning, Inc. is the leading manufacturer of garage doors. Demand for residential garage door sales depends, of course, on the rate of new home building activity, which, in tu
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How may you apply what you learned about supply and demand from the simulation to your workplace or your understanding of a real-world product with which you are familiar?
operate his business as long as he rents at least 7 boats per month, operate his business as long as he rents at least 1 boat per month, operate his business as long as he ren
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