For a few years now, Karen Williamson and her sister have operated an office services company that caters to small businesses in town. Recently, they got an opportunity to buy a used high-speed copy machine for $8,500, which they considered an excellent price. To make the purchase quickly, they agreed to pay $1,000 now and borrow $7,500 from the seller for 60 days at 9.5% exact simple interest. What is the total amount that they will need to repay the seller at the end of the 60 days? (Use a 365-day year.)

A $12,000 loan is repaid by semi-annual payments of $1,500 each. Interest on the loan is 10% compounded semi-annually. How long will it take to pay off the loan?

A) 5.5 years
B) 5 years
C) 21 years
D) 10 years
E) 10.5 years

An example of nominal data would be ________.

A) classifying employees by job title
B) rating a restaurant as poor,good,or very good
C) ranking customer flow by day of the week
D) comparing stores by sales in dollars

How does a biased standard deviation differ from an unbiased standard deviation?

The speed of a car in kilometres per hour

A) Categorical
B) Quantitative

Fred and Ethel are going to take out a business loan on which they will make annual payments of $7,500 for six years. At that point in time they will also pay off the remaining balance which will be $37,155. Their interest rate is 7.6% compounded semi-annually. What is the amount that Fred and Ethel borrowed?

A) $82,155
B) $58,691
C) $54,666
D) $69,278
E) $91,821

A force of $40$ pounds stretches a spring $6$ inches. Use Hooke s Law to determine the force required to stretch the spring $6.5$ inches. Round your answer to one decimal place.

A) $56.7$ inches
B) $39$ inches
C) $43.3$ inches
D) $47.6$ inches
E) $60.7$ inches