Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Real Analysis

Authors: Robert G. Bartle, Donald R. Sherbert

4th edition

471433314, 978-1118135853, 1118135857, 978-1118135860, 1118135865, 978-0471433316

More Books

Students also viewed these Mathematics questions