The cash price of a machine tool is $3,500. The dealer is also offering terms of: (i) $1,200 down payment and (ii) 24 end-of-month payments of $110 each. What effective annual interest rate is implied by the terms of this financing offer

The effective annual interest rate of this deal is of 4.85%.

Explanation:

Considering that the cash price is $3,500, and that the two-year financed price rises to $3,840 (1,200 + 110 x 24), we have a price surplus of $340, which arises from the interest imposed by the financing.

To know the percentage of interest that is being applied, we must carry out the following cross multiplication, and divide the result of said multiplication by 2 (because the annual interest is being paid over two years):

3,500 = 100

340 = X

(340 x 100) / 3,500 = X

34,000 / 3,500 = X

9.7 = X

9.7 / 2 = Annual interest rate

4.85 = Annual interest rate

As we can see, the effective annual interest rate of this deal is of 4.85%.

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.

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