Bill just financed a used car through his credit union. his loan requires payments of $275 a month for five years. assuming that all payments are paid on time, his last payment will pay off the loan in full. what type of loan does bill have?
a. amortized
b. complex
c. pure discount
d. lump sum
e. interest-only

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $