Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. bank f charges an interest rate of 5.7%, compounded monthly, and requires that the loan be paid off in eight years. bank g charges an interest rate of 6.2%, compounded monthly, and requires that the loan be paid off in seven years. how would you recommend that yvette choose her loan?
a.
bank f offers a better loan in every regard, so yvette should choose it over bank g’s.
b.
yvette should choose bank f’s loan if she cares more about lower monthly payments, and she should choose bank g’s loan if she cares more about the lowest lifetime cost.
c.
yvette should choose bank g’s loan if she cares more about lower monthly payments, and she should choose bank f’s loan if she cares more about the lowest lifetime cost.
d.
bank g offers a better loan in every regard, so yvette should choose it over bank f’s.

The manager of a branch office of banco mexicali observed that during peak hours an average of 20 customers arrives per hour and that there is an average of 6 customers in the branch office at any time. how long does the average customer spend waiting in line and being serviced?

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?