Question
The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will cost them
The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will cost them $12,500. The manager has determined that they can afford to pay 15% of the cost of the machine in cash. They can then finance the rest through a credit union. The credit union will charge 2% per year compounded monthly. How much are their monthly payments for 3 years?
a)$286.62
b)$337.20
c)$433.32
d)$358.03
e)$304.33
f)None of the above.
A survey of 400 children given at a local elementary school showed that 200 like chocolate ice cream 125 like pistachio ice cream, and 150 do not like chocolate or pistachio ice cream. How many children like at least one kind of ice cream mentioned in the survey?
a)250
b)50
c)325
d)175
e)125
f)None of the above
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