Jimmy just bought a new Ford SUV for his business. The price of the vehicle was $40,000. Jimmy
made a $5,000 down payment and took out an amortized loan for the rest.
The car dealership made
the loan at 8% interest compounded monthly for five years. He is to pay back the principal and
interest in equal monthly installments beginning one month from now. Determine the amount of
Jimmy's monthly payment.
A) $634.56 B) $809.33 C) $745.87 D) $709.67
D
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Which of the following are assumptions or requirements of the transportation problem?
A) There must be multiple sources. B) Goods are the same, regardless of source. C) There must be multiple destinations. D) There must be multiple routes between each source and each destination.
Research finds that major changes in companies are usually initiated by:
A) an external successor brought in to replace a CEO who was forced out B) an internal successor selected by the prior chief executive before retiring C) a strong chief executive who has occupied the position for many years D) an internal successor selected to replace the prior CEO who was forced out