After visiting several automobile dealerships, richard selects the used car he wants. he likes its $13,300 price, but financing through the dealer is no bargain. he has $2,000 cash for a down payment, so he needs an $11,300 loan. in shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. that is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. richard borrows $11,300 for a period of four years at an add-on interest rate of 8 percent.
find the following (do not round your intermediate calculations. round your answer to the nearest whole number):

a. what is the total interest on richard's loan?
b. what is the total cost of the car?
c. what is the monthly payment?
d. what is the annual percentage rate (apr)?

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above

If consumers start to believe they need a product, what is likely to happen? a. the demand becomes less elastic. b. the demand becomes more elastic. c. the supply decreases. d. the price decreases.