Liam Had an Extension Built onto His Home

question 28

Multiple Choice

Liam had an extension built onto his home.He financed it for 48 months with a loan at 4.9% APR.His monthly payments were $750.How much was the loan amount for this extension?

• A)$32,631
• B)$34,842
• C)$36,000
• D)$38,420
• E)$37,764

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Definitions:

Strategic Plans

Long-term action plans designed to position an organization for competitive advantage and successful achievement of its overall goals.

Operational Plans

Detailed plans outlining how the strategic goals of an organization will be achieved through specific actions within a short to medium timeframe.

Facilities Plan

A strategic plan that outlines the physical resources, spaces, and environments necessary for an organization to operate efficiently.

Layout

The planned arrangement of elements in a space, such as equipment and stations in a factory, to optimize operations and workflows.