Biochemical Corp. requires $580,000 in financing over the next three years. The firm can borrow the funds for three years at 12.90 percent interest per year. The CEO decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 9.75 percent interest in the first year, 14.50 percent interest in the second year, and 10.90 percent interest in the third year. Assume interest is paid in full at the end of each year. a. Determine the total interest cost under each plan. Interest Cost Long-term fixed-rate Short-term variable-rate
b. Which plan is less costly?
a. Short-term variable-rate plan
b. Long-term fixed-rate plan

start by isolating the variable on one side by adding 43w^2 to both sides.   the equation will read:

25w^2+5=0

*subtract 5 from both sides*

25w^2=-5

*divide both sides by 25*

w^2=-1/5

*take the square root of both sides*

w=√(-1/5)

the square root of -1 is i.   the square root of 5 remains √5

the answer is i/√5.

hope this

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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