Answer the following statement(s) true (T) or false (F)
1. The effective rate of interest and compounding frequency are inversely related.
2. The loan amortization process involves finding the future payments (over the term of the loan) whose present value at the loan interest rate equals the sum of the amount of initial principal borrowed and the amount of interest on the loan.
3. In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment declines over the life of the loan.
4. In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment grows over the life of the loan, and the interest portion of each payment grows over the life of the loan.
5. In general, with an amortized loan, the payment amount remains constant over the life of the loan, the principal portion of each payment declines over the life of the loan, and the interest portion declines over the life of the loan.
1. False
2. False
3. True
4. False
5. False
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___________: One who influences others to attain goals. The greater the number of followers, greater the influence
Fill in the blank(s) with the appropriate word(s).
A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that the process standard deviation is two ounces. Each day last week, he randomly selected four packages and weighed each
The data from that activity appear below. Weight Day Package 1 Package 2 Package 3 Package 4 Monday 23 22 23 24 Tuesday 23 21 19 21 Wednesday 20 19 20 21 Thursday 18 19 20 19 Friday 18 20 22 20 (a) Calculate all sample means and the mean of all sample means. (b) Calculate upper and lower 2-sigma x-bar chart control limits that allow for natural variations. (c) Based on the x-bar chart, is this process in control?