Use capitalized cost to determine which type of road surface is preferred on a particular section of highway. Use a 12% interest rate. A B
First cost $500,000 $700,000
Annual Maintenance 35,000 25,000
Periodic resurfacing 350,000 450,000
Resurfacing interval 10 years 15 years

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit

Why is efficiency an important economic goal?