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In addition to the car lease, Leonard and Rose each have a VISA card with an interest rate of 18.25% p.a. They currently have a balance of $1,205 and made payments of $3,537 in 2010. You suggest that they pay this off as soon as possible in order to avoid the high interest charges. Although Leonard and Rose could take out a bank loan to save interest, they are nervous that, with a zero balance on their credit card, they might run it up again. You advise them that, in this case, they should just keep plugging away and pay off the balance as fast as possible. Rose and Leonard think they could reasonably pay it all off in 2011. They will then have this money to contribute to either non-registered savings or RESPs for their children.
Rose and Leonard bought their house at the end of March 2002, making their first bi-weekly mortgage payment in April, 2002 (making 20 payments the first year). The house cost $280,000 and they put 25% down. The interest rate has always been 6.5%. They renewed for a 5-year term in March 2007. The mortgage has been amortized over 25 years and they make end-of-period mortgage payments. The couple expects to pay off their mortgage in full before they retire. They have joint creditor life insurance on their mortgage, which is $525 p.a.
The Fido Dog Food Company wishes to introduce a new brand of dog biscuits (composed of chicken and liver-flavoured biscuits) that meets certain nutritional requirements. The liver-
Operations Scheduling in job shop type production Operations scheduling is the organizing function of an operations manager. This function of the operation manager is most impor
discuss the advisability using modular assemblies in manufacturing or what are the advantages and disadvantages?
after working for 30 years, ramjee somjee dutt opted for vrs and started a courier company and did very well in the first four years................plz solve
Incident 2.2 what options does Jane have? What influence, if any, would the federal government have in this case?
You are the System Safety Engineer for a major aerospace firm. You have been assigned to lead the system safety program for a newly developed aircraft. What are some of the key tas
Why do RBOCs encounter more competition in urban areas than in rural areas? (Regional Bell Operating Companies) a. because RBOCs are more entrenched in urgan areas b. because
Using the data from the Dell Computer annual report determine how Dell calculated the four days supply of raw materials. Do you think four days supply is a valid representation of
The Canine Gourmet Company produces deliciious dog treats for canines with discriminating tastes. management wants box-filling line to be so that the process averagee weight per p
A key characteristic of a partnership is that each partner a. must contribute capital to the business b. shares in company assets upon the dissolution of the partnership c
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