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Terry wants to purchase a used car for $8000. The dealer offered to finance the deal at 8.5% APR for 4 years with 10% down payment. Terry's bank will provide a loan at 7.8% for 3 years, but wants a 20% downpayment.
a) Calculate the required downpayment and monthly payments for each loan option. (Assume monthly compounding and monthly loan payments.)
b) The PV for both options (including the down payments) is the same, $8000. What additional factors should terry consider when deciding which aid the best deal for her?
The container is vented to the local atmosphere. What is the absolute pressure at the surface of the mercury and at the bottom of the container. Assume the conditions of the standards atmosphere prevail for pressure. Use sg = 13.54 for the mercury..
A four-lane freeway (two lanes in each direction) is on mountainous terrain with 11-ft lanes, a 5-ft right-side shoulder, interchange spacing of one every 10 miles, and a 60-mi/h base free-flow speed.
Solve the problem using the Darcy Weisbach equation and the Colebrook-White equation. Size the pipe to the nearest inch. Assume the water temp is 80 degrees F.
A toxic compound being is removed from solution in a CSTR at Steady State according to a first order reaction rate. The upstream concentration of the pollutant is 14 mg/L and the downstream concentration is 1.7 mg/L.
A uniform crate weighing 15.0 kN is lifted by a sling, ABC, a small pulley and cable BD. If the tension in the sling is limited to 9.0 kN, determine the minimum length of the sling. Neglect the radius of the pulley.
Block one has a mass of 1.5kg. Block two has a mass of 3.0kg. Treatthe pulleys as hoops. The radius of pulley one is 8.70m. The massof pulley one is 4.5kg.
Calculate the distance traveled by the prey from the time it is dropped until the time it hits the ground. Express your answer correct to the nearest tenth of a meter.
A water main springs a leak and the geyser is estimated to be 20 feet in height. It is also estimated that about 300 gallons per minute is leaking based on flow into gutter. About how big is the hole in the water pipe
A 2-inch by 2-inch solid steel beam (18 inches long) is fixed to the wall at the left to resist applied moment (20,000 lbs-inch). What would the deflection be at the right end Up or down
A motorcycle starts from rest at time t=0. The force on it from t=0to 30 seconds is F=300-9t. The combined mass of the motorcycle andthe rider is 225 kg.
Determine the deflection of the right end of the pointer and the maximum deflection of the beam.
Determine the minimum force P to prevent a 30kg rod AB from sliding on a wall. The contact surface at B is smooth, whereas the coefficient of static friction between the rod and the wall at A is Us=0.2.
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