Suppose someone takes out a home improvement loan for $30,000. the annual interest on the loan is 6% and is compounded monthly. the monthly payment is $600. let an denote the amount owed at the end of the nth month. the payments start in the first month and are due the last day of every month. (a) give a recurrence relation for an. don't forget the base case.

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to: