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1. Kevin bought a new car for $22,000. He made a down payment of $9,500 and has monthly payments of $308.10 for 4 years. He is able to pay off his loan at the end of 30 months. Using the actuarial method, find the unearned interest and payoff amount.
A) u = $356.02; payoff amount: $5,853.88 B) u = $391.62; payoff amount: $4,948.08 C) u = $356.02; payoff amount: $5,497.86 D) u = $391.62; payoff amount: $6,047.65
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An experimenter wants to estimate the average water consumption per family in a city. Discuss the relative merits of choosing individual families, dwelling units (single-family houses, apartment buildings, etc.), and city blocks as sampling units.
Following are a list of source documents and a list of transactions. Indicate by letter next to each transaction the source document that would serve as evidence for the recording of the transaction.
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1. Car discounts. A researcher, interested in studying gender differences in negotiations, collects data on the prices that men and women pay for new cars.
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