Darla purchased a new car during a special sales promotion by the manufacturer. she secured a loan from the manufacturer in the amount of $16,000 at a rate of 8%/year compounded monthly. her bank is now charging 11.4%/year compounded monthly for new car loans. assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3 yr for each loan. how much less will she have paid in interest payments over the life of the loan by borrowing from the manufacturer instead of her bank? (round your answers to the nearest cent.)

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.