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1. By paying off the manufacturer in 15 days rather than a year, the dollar carrying cost of the car to the dealership is A.
1. By paying off the manufacturer in 15 days rather than a year, the dollar carrying cost of the car to the dealership is
A. sometimes increased, sometimes decreased.
B. increased.
C. decreased.
D. unchanged.
2. Your aunt is planning to invest in a bank CD that will pay 7.0 percent interest semiannually. If she has $13,000 to invest, how much will she have at the end of four years? (Round your answer to the nearest penny.)
Value of investment after 4 years | $enter the Value of investment after 4 years |
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