Other sets by this creator
You have just received credit card applications from two banks, and . The interest terms on your unpaid balance are stated as follows:
. Bank compounded quarterly.
. Bank compounded daily. Which of the following statements is incorrect?
(a) The effective annual interest rate for Bank is .
(b) The nominal annual interest rate for Bank is .
(c) Bank 's term is a better deal, because you will pay less interest on your unpaid balance.
(d) Bank A's term is a better deal, because you will pay less interest on your unpaid balance.
Volkswagen's engineers are about to release more details of the latest range of petrol engines to be used in a large range of and Audi models. These engines will incorporate some of the new ideas that have been researched at 's German engineering base. They include 'variable compression ratios'; electric turbochargers and cylinder deactivation where two cylinders in a four-cylinder engine shut down at low loadings to save fuel. These innovations, together with the 'coasting' functions being built into VW transmissions, mean that all new models will meet the most stringent legal demands for efficiency and low-pollution levels. Amazon has announced that it is developing a scheme to deliver parcels by airborne drones. These unmanned flying machines called Octocopters - will be able to deliver parcels up to in weight within minutes of online orders being received. This development is likely to transform distribution just as online retailing transformed shopping. Amazon is still working on technological and safety issues related to the innovation. It is confident, as one spokesperson said, ’in a few years drone vehicles will be as common as trucks on the road’.
Analyse two factors that might have affected the R&D strategies used by Amazon and Volkswagen.