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An assembly line with 30 activities is to be balanced. The total amount of time required for all 30 activities is 45 minutes. The line will operate for 420 minutes per day. Which of the following must be the cycle time to achieve an output rate of 300 units/day
Monthly Payment
Monthly payment is the amount of money paid each month on a loan, mortgage, or other debt.
Amortization Schedule
An Amortization Schedule is a table detailing each periodic payment on an amortizing loan, showing amounts paid to principal and interest.
Interest on Unpaid Balance
Interest charged on the portion of a loan or credit card balance that has not been paid off within the agreed period.
Equal Monthly Payments
Regular payments of the same amount made over a set period to repay a loan or mortgage.
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