Jack mails an offer to joan that states, "i offer to sell you my car for $2000.if i don't hear from you in 10 days, i will assume you are willing to buy the car for the stated price." jack hears nothing by the deadline and assumes he has a deal. both jack and joan are individuals, and are not merchants. what is the result?
a. jack has a deal. his offer was intended and contains definite terms.
b. jack has a deal. joan should have responded saying she is not interested in the car if she didn't want to be bound to the offer.
c. joan is not bound. generally silence or inaction is not acceptance.
d. joan is not bound. ten days is not a reasonable amount of time to consider the offer and accept by mail.

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

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.