Reference no: EM132736225
Marshall has a $20,000, four year loan with an APR of 5.4%Monthly payment:Total amount of Monthly payments:
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Felipe has a $31,600, four year loan with an APR of 3.8%
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Matilda has a $43,856, four year loan with an APR of 4.2%
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Javier has a $17,600, four year loan with an APR of 3.2%
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Whitney has a $18,900, four year loan with an APR of 8.2%
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Santiago is looking at buying a new car. He's looking at a car that cost $22,000. He has worked really hard and brought up his credit into the excellent range. With the excellent range, he can get the used car for 3.2% APR for 5 years.
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Two years ago, Santiago's credit score wasn't very good and the best rate he could have received was 9.5% APR for 5 years.
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Problem 1: How much money did he save by waiting until he improved his credit score?
Examine several queueoperating characteristics
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Machine component and supplying to retailers across oman
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How much money did save by waiting until improved
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Find the economic order quantity
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