subject
Engineering, 01.02.2022 14:00 rosyjesus297

A new engineering graduate who started a consulting business borrowed money for 1 year to furnish the office. The amount of the loan was $23,800, and it had an interest rate of 10% per year. However, because the new graduate hadn't built up a credit history, the
bank made him buy loan default insurance for 5% of the loan amount. In addition, the bank charged a loan setup fee of $300. What
was the effective interest rate the engineer paid for the loan?

ansver
Answers: 3

Another question on Engineering

question
Engineering, 03.07.2019 15:10
Apiston-cylinder with a volume of 0.25 m3 holds 1 kg of air (r 0.287 k/kgk) at a temperature of 100 c. heat transfer to the cylinder causes an isothermal expansion of the piston until the volume triples. how much heat is added to the piston-cylinder?
Answers: 3
question
Engineering, 03.07.2019 15:10
If you were designing a bumper for a car, would you prefer it to exhibit elastic or plastic deformation? why? consider the functions of a bumper in both a minor "fender-bender" and a major collision.
Answers: 1
question
Engineering, 04.07.2019 18:10
Apump is used to circulate hot water in a home heating system. water enters the well-insulated pump operating at steady state at a rate of 0.42 gal/min. the inlet pressure and temperature are 14.7 lbf/in.2, and 180°f, respectively; at the exit the pressure is 60 lbf/in.2 the pump requires 1/15 hp of power input. water can be modeled as an incompressible substance with constant density of 60.58 lb/ft3 and constant specific heat of 1 btu/lb or. neglecting kinetic and potential energy effects, determine the temperature change, in °r, as the water flows through the pump.
Answers: 1
question
Engineering, 04.07.2019 18:10
Ahot wire operates at a temperature of 200°c while the air temperature is 20°c. the hot wire element is a tungsten wire of 5 um diameter and 2 mm in length. plot using excel current, heat transfer and heat generated by the wire for air velocity varying from 1-10 m/s in steps of lm/s? matlab the sensor voltage output, resistance, or assume nu 0.989 re033pr13 take air properties at tr (200°c20°c)/2 = 110°c properties of tungsten: c 0.13 kj/kg.k 3 p 19250 kg/m k (thermal conductivity) = 174 w/m.k
Answers: 2
You know the right answer?
A new engineering graduate who started a consulting business borrowed money for 1 year to furnish th...
Questions
question
Mathematics, 19.08.2019 22:30
question
Mathematics, 19.08.2019 22:30
question
Mathematics, 19.08.2019 22:30
question
History, 19.08.2019 22:30
question
Mathematics, 19.08.2019 22:30
question
Mathematics, 19.08.2019 22:30
Questions on the website: 13722363