Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Simple Interest Car Loans Essay Assignment
Determine The Annual Interest Rate for Your Loan
A financial institution in your community is advertising “Simple Interest Car Loans.” Here is their ad:
“Looking for an attractive loan for the car of your dreams? Well, you have to look no more. Come in and show us your car deal. We will match any car loan and reduce the interest rate by 1%, with our “simple interest car loan”. No down payment needed, and no trade-ins. Our loans must have a minimum interest rate of 0.5%.”
In this assignment, you are examining common applications of linear functions. Here, the linear function is F(r) = (pt.) r + p, where r is the independent variable (the interest rate changes) and F(r) is the dependent variable (F(r) is the total cost of the car for different interest rates). For F(r) = (pt)r + p to be considered a linear function, the values of p (the sales price of the car) and t (the time in years for repaying the loan) must remain constant in the calculations.
Interest = sale price*time*rate, (I = ptr)
Total cost = (sale price*time) rate + Sale Price
TC(r) = (pt)r + p
Simple Interest Car Loans Essay Assignment
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Simple Interest Car Loans Essay Assignment |
Simple Interest Car Loans Essay Assignment