Tim usually exhibits an 80% learning rate for the mechanical tasks he undertakes. His next big project, the fence along the street, will require 35 iterations of the fencepost task
If he has 80 hours available to work on the project, how fast must he perform the first iteration in order to finish all 35 within his allotted time? Refer to the copy of Table I.1 appended to this exam.
The first unit must be finished in 5.114 hours in order to get all 44 units done in 80 hours.
Business
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Given an identical contract rate, the discount loan will have a higher APR than a simple interest loan
Indicate whether the statement is true or false.
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A downward-sloping yield curve that indicates generally cheaper long-term borrowing costs than short-term borrowing costs is called ________
A) normal yield curve B) inverted yield curve C) flat yield curve D) linear yield curve
Business