There is a 0.1587 percent chance that the project will take 234 days or longer to finish. As a result, choice (C) is accurate.
What is meant by Critical path method?The critical path method (CPM) was developed by Morgan R. Walker of DuPont and James E. Kelley Jr. of Remington Rand in the late 1950s as a project modeling approach.
Walker and Kelley talked about their memories of the 1989 CPM expansion. Booz Allen Hamilton, the U.S. Navy, and the PERT were all founded at the same time, and Kelley gave them credit for coining the term "critical route."
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A credit card holder owes $5,498 on a credit card with a 26. 99% interest rate compounded monthly. Assuming no additional purchases are made with the card, what is the monthly payment the cardholder should make to pay off the debt in 5 years? round your answer to the nearest penny. A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.
The monthly payment that the credit card holder should make to pay off the debt in 5 years is $167.85.
What is a credit card?A credit card is typically used to replace cash or checks and offers an unsecured revolving line of credit. Depending on the terms of the cardholder agreement, the borrower is required to pay at least a portion of the card's outstanding balance each billing cycle.
The formula for calculating the annuity payments is-
PV = PMT/i[1 - {1/(1+i)ⁿ]
where, PV denotes the amount borrowed.
PMT stands for monthly payment,
I for interest rate (interest rate % divided by 12), and
n for the number of months (term of the loan in months)
Given information,
PV = 5498
n = 60
i = 0.2699/12 = 0.02
PMT={PVi(1+i)ⁿ}/{(1+i)ⁿ−1}
PMT = {5498(0.02)(1 + 0.02)⁶⁰/{(1 + 0.02)⁶⁰ - 1}
= $167.85
Therefore, $167.85 is the monthly payment for the cardholder.
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Answer: $167.85
Explanation:
It is correct the person above got it right
Andrew buys a home entertainment system from an electronics store offering 0% interest for 18 months. Calculate the average monthly payment she should make to avoid paying deferred interest charges for the $8,000 system.
Andrew would need to make payments of $444.44 per month to avoid paying any deferred interest charges over the 18-month promotional period.
To calculate the average monthly payment that Andrew should make to avoid paying deferred interest charges for the $8,000 home entertainment system, we need to first determine the total amount that Andrew would need to pay over the 18-month period. Since the interest rate is 0%, the total cost of the system would be the same as the purchase price, which is $8,000.
Dividing the total cost by the number of months in the promotional period gives us the average monthly payment:
$8,000 / 18 months = $444.44 per month
It's important to note that while there may be no interest charges during the promotional period, there may still be fees or penalties for late payments or early repayment of the balance. It's important for Andrew to review the terms and conditions of the promotion and to make sure he is able to make the required payments on time to avoid any fees or penalties. Additionally, if the full balance is not paid off by the end of the promotional period, interest charges may begin to accrue, so it's important to have a plan in place to pay off the balance before the promotional period ends.
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Which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the four geographic market regions? A. The number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers B. The percentage of a footwear-maker's models/styles that have retail prices under $100 C. The length of the warranties (30 days, 60 days, 90 days, 180 days, or 1 full year) covering defective materials or workmanship that each footwear-maker elects to provide on each branded pair purchased by buyers
D. The number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annually
D. The size of the percentage price discount off the standard retail price that footwear companies offer people shopping for athletic footwear at their websites
"The amount of time it takes each company to deliver orders to retailers, measured in weeks, and the number of stores that carry each company's footwear brand. The proper response is Option 2.
The required details for brand in given paragraph
Any attribute that sets one seller's good or service apart from that of other sellers is referred to as a brand. This could be a name, word, design, symbol, or anything else. To the advantage of the brand's clients, its owners, and its shareholders, brands are used in commerce, marketing, and advertising to gain recognition and, more crucially, to build and store value as brand equity for the object designated. Sometimes it's possible to tell retail brands apart from generic ones.
Branding is said to have started with the ancient Egyptians, who are known to have engaged in the literal meaning of the term, which is to mark by burning.
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