you wish to buy a $15,000 car. the dealer offers you a 4-year loan with a 9 percent apr. what are the monthly payments? $373.28 $3,820.56 $312.50 $260.78
Answers
The monthly payment for a 4-year loan of $15,000 at 9% APR is $373.28. Therefore, the correct option is A.
To calculate the monthly payments, you can use the formula given below:
PMT = (P * R) / (1 - (1 + R)^(-N))
where, P = Principal Amount, R = Interest Rate, N = Number of months, and PMT = Payment Amount
It is given that P = $15,000, R = 0.0075 (9% APR is the annual interest rate, so dividing it by 12 to convert it into a monthly rate), N = 4*12 = 48 months (since the loan is for 4 years)
Substituting the given values in the above formula, we get:
PMT = (15000 * 0.0075) / (1 - (1 + 0.0075)^(-48)) = $373.28 (approx)
Therefore, the monthly payment for a 4-year loan $373.28 which corresponds to option A.
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Related Questions
Which of the following best describes the law of supply and demand?
A. When a desirable product or service is plentiful, its value increases.
B. Businesses can charge extra for products that people use every day.
C. When there is a high demand for a product, it is hard to supply.
D. When a desirable product or service is scarce, its value increases,
Answers
Answer:
d is you answer
Explanation:
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Because more people want a product that there is less of, meaning they will raise the price.
I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.
I'm currently leaning towards the last option, but I'm not sure.
Answers
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
6. allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
Answers
The periodic assumptions allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
What is a periodic assumptions?In accounting, it states states that an organization can report its financial results within certain designated periods of time.
Hence, it allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
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firms attempt to maximize their accounts receivable by all of the following except blank______.
Answers
Firms do not attempt to maximize their accounts receivable. Instead, they aim to manage their accounts receivable effectively to ensure timely payments and minimize the risk of bad debts.
Managing accounts receivable involves practices such as setting appropriate credit terms, monitoring customer payments, following up on overdue accounts, and implementing effective credit control measures. Maximizing accounts receivable without considering the creditworthiness and financial health of customers can lead to increased risk and cash flow problems for the firm.
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You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $50.00. Your APR is 8.75%. According to the Previous Balance method, what amount would you use to calculate the interest for this month?
Answers
Answer:
$50
Explanation:
As per previous balance method the Interest is charged based on the opening balance of the Credit Card.
As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.
Answer:
The answer is $50.
Explanation:
Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is 7.3%. If he puts away 10% of his $32,000 salary every year, what would the total of his 401(k) be in 10 years? Round your answer to the nearest cent.
Answers
Answer:
The answer is A.
Explanation:
Just took test
Answer:
A
Explanation:
on edge
If a broker brings the seller an offer meeting all the terms specified in the listing, the seller does not have to sell. T/F?
Answers
The statement "If a broker brings the seller an offer meeting all the terms specified in the listing, the seller does not have to sell" is true.
When the seller receives an offer that meets the conditions set out in the listing, they have the option to refuse the offer. A listing agreement is a legal contract between a seller and a real estate broker that outlines the terms and conditions of the sale of a property.
A listing agreement specifies the asking price, the length of time the property will be on the market, the amount of the broker's commission, and any other provisions agreed upon by the seller and the broker. If a buyer makes an offer that meets all of the conditions set out in the listing agreement, the seller is not obligated to accept it.
A listing agreement provides the seller with the ability to choose whether or not to sell their property based on the conditions outlined in the agreement.
The broker who brought the offer is only entitled to a commission if the seller accepts the offer and the sale is completed.
Therefore, the seller has the final decision to accept or reject the offer and the broker has no power to force the seller to accept the offer.
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Which of the following information is needed when creating an effective budget? (1 point)
O gross income, variable expenses, fixed expenses, and savings
O net income, variable income, fixed income, and savings
O gross income, variable income, fixed income, and savings
O net income, variable expenses, fixed expenses, and savings
Answers
A solid budget goes beyond forecasting and tracking income and expenses, it need the gross income, variable expenses, fixed expenses, and savings.
Creating an effective budget.A good budget does more than just forecast or track income and expenses. A small firm can use its budget to stay on top of financial trends, allowing it to capitalize on unexpectedly strong performance and respond quickly to cash flow downturns.
When developing a successful budget, keep in mind your gross income (total income before deductions), which serves as the foundation for your financial planning. Variable expenses are monthly costs that fluctuate or change, such as groceries or entertainment. Rent or mortgage payments, for example, are examples of fixed expenses. Savings are the funds saved aside from your earnings for future aspirations or crises.
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In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?
Answers
The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.
Calculation of the total revenue:We know that
Profit is $5,456,963
And, expenses is $2,456,654
We know that
Profit = Revenue - Expenses
$5,456,963 = Revenue - $2,456,654
So, the revenue is
= $5,456,963 + $2,456,654
= $7,913,617
Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.
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A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):
Answers
A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):need for achievement.
What is need for achievement?Need for achievement can be defined as the way in which a person is determine to achieve their goals or when a person is always eager to achieve their set goals and objectives.
Hence, the personalities display by the business executives is called need for achievement as the executives feels the need to win in everything he does,.
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They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
suppose that the men's suit business is monopolistically competitive. it follows that in equilibrium the marginal revenue of any firm in the industry: group of answer choices has no relation to price. is equal to the price. is less than the price. is greater than the price.
Answers
Suppose that the men's suit business is monopolistically competitive. it follows that in equilibrium the marginal revenue of any firm in the industry which is less than the price. In this case, option C is correct.
Many rival businesses sell, market, and charge for goods like dish soap and hamburgers.Pricing is frequently a key tactic for these rivals because the demand for the products and services they offer is highly elastic. In an effort to boost sales, one business might choose to lower its prices while sacrificing a higher profit margin. Another company might charge more and employ packaging or marketing that conveys superiority or sophistication.To differentiate their products, businesses frequently use distinctive branding and marketing techniques. due to the fact that each product serves. Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which combines aspects of both and entails businesses with similar but distinct product offerings.To know more about monopolistic competition here
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if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, that would be considered
Answers
Answer: An unfair trade practice
Explanation:
Insurance guaranty associations are the organizations that help in the protection of the interest of the insurance policyholders in a case whereby there's insolvency on the part of the insurance company.
In a scenario whereby an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, this is not appropriate and should be termed to be an unfair trade practice.
Patterson brothers recently reported an ebitda of $7.5 million and a net income of $2.1 million. it had $2.0 million of interest expense and its corporate tax rate was 30%. what was its charge for depreciation and amorization?
Answers
The charge for depreciation and amortization for Patterson is $1,150,000
EBITDA = $7.5 million
Net Income = $2.1 million
Interest expense = $2.1 million
Corporate tax = 30%
Depreciation is an accounting technique for spreading out the expense of a tangible object over the course of its usable life. Depreciation indicates the percentage of an asset's worth that has been utilised.
Calculating depreciation and amortization -
Depreciation and Amortization = EBITDA - Net Income - Interest Expense - Tax Expense
= $7.5 million - $2.1 million - $2.0 million - 0.30 x ($7.5 million)
= $7.5 million - $2.1 million - $2.0 million - $2.25 million
= $1.15 million
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Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment
Answers
Answer:
markeing
Explanation:
communication skills, credentials, honesty
I'm starting a baking business any one know how to photo shot for a better background so my picture can look nice
Answers
Answer:
yes do ctrl shift and the box with two lines
Explanation:
Is this counted in the GDP of a country ?The services of a mechanic in fixing the radiator on his own car.
Answers
Answer:
Yes this could be counted as GDP
Explanation:
Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
Answers
According to a CNN poll conducted in early February 2021, 69% of Americans approve of President Joe Biden's handling of the COVID-19 pandemic. The poll was conducted by SSRS, a research firm that specializes in survey research. The poll surveyed 1,004 adults across the United States and had a margin of error of plus or minus 3.7 percentage points. The poll also found that 60% of Americans believe that the worst of the pandemic is yet to come, despite the country's recent progress in vaccine distribution. Additionally, 93% of respondents said they have worn a mask in public in the past week, a sharp increase from similar polls conducted last year. The poll's results indicate that the majority of Americans are supportive of the current administration's efforts to combat the ongoing pandemic
g equals the g spot so d equals?
Answers
Answer:
Dark sport
Explanation:
D stands dark
O foster a learning organization, managers should empower employees and allow them to develop a sense of _______ through experimentation, creativity, and exploration.
Answers
To foster a learning organization, managers should empower employees and allow them to develop a sense of ownership through experimentation, creativity, and exploration.
A learning organization is an organization that prioritizes continuous learning and development among its employees, and adapts to changes and challenges in the environment. To foster a learning organization, managers must empower employees to take ownership of their work, and allow them to experiment, be creative, and explore new ideas.
Empowering employees means giving them the tools, resources, and support they need to do their job well. This includes providing access to training, mentoring, and coaching, as well as encouraging them to take risks and learn from their mistakes. By empowering employees, managers can create a culture of trust and collaboration, where employees feel valued and motivated to contribute to the organization's goals.
Encouraging experimentation and creativity is essential for a learning organization to thrive. When employees are given the freedom to explore new ideas and take risks, they are more likely to discover innovative solutions to problems and improve processes. This can lead to increased efficiency, productivity, and profitability for the organization.
Exploration is another key aspect of a learning organization. By encouraging employees to explore new areas of knowledge and expertise, managers can help them expand their skill sets and bring fresh ideas and perspectives to the organization. This can lead to increased competitiveness and adaptability in a rapidly changing business environment.
In summary, fostering a learning organization requires managers to empower employees to take ownership of their work, experiment and be creative, and explore new areas of knowledge and expertise. By doing so, managers can create a culture of continuous learning and development that enables the organization to adapt and thrive in a rapidly changing business environment.
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YASHARI earns $27,000 per year, is single, and lives in Wyoming. She has $7000 in Direct Subsidized loans and another $19,000 in Direct Unsubsidized loans. She is trying to save up an emergency fund of at least 6 months’ take-home pay, so she’s torn about how much she should devote to her student loans and how much to the emergency fund every month.
- Which plan has the highest total amount paid? How long is the repayment period for this plan?
Answers
a) The plan with the highest total amount paid is the Direct Unsubsidized Loan of $19,000 because, in addition to the interest, the principal amount is higher than the Direct Subsidized Loan.
b) The repayment period for the Direct Unsubsidized Loan is 10 years after graduation if the Standard Repayment Plan is chosen.
What are unsubsidized and subsidized loans?Subsidized Loans are student loans subsidized by the Federal Government, especially with respect to the interest payment.
Subsidized Loans do not accrue interest during school at least half-time or during deferment periods. They are available for undergraduate and graduate students in financial need.
Unsubsidized Loans are federal student loans for both undergraduate and graduate students that are not based on financial need. They accumulate interest during school if the student does not elect to make monthly interest payments.
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16. I want to start my own business and had to borrow $7,000 from the bank. The bank charges a 6% interest rate on the loan. The interest will be compounded once a year. I determined it will take me 2 years to pay off the loan. What is the total amount I will have to pay back to the bank?
Answers
It is given that a loan of $7000 is borrowed from the bank with 6% of Interest Rate for 2 years.
Now, the total payback to the bank can be calculated by:
\(A=P(1+\frac{r}{n})^{nt}\)
where A = amount to be paid,
P = loan amount,
r = interest rate,
n = number of compounding periods
t = time
Putting the given values in the equation, we get
\(A=7000(1+\frac{0.06}{1})^{1*2}\)
\(A=7000(1.06)^{2}\)
\(A=7000(1.12)\)
A = $7840
Therefore, the total amount that will have to payback to the bank is $7840.
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Hourly Wages
1. Hourly Rate $8.40
Hours Worked 40 hours
Find straight-time pay.
Answers
Answer:
336
Explanation:
Multiply 8.4 times 40 and you get 336.
I hope this helped.
If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce? Group of answer choices
Answers
Answer:
500 units
Explanation:
Calculation for the maximum number of units of good Y to produce
Using this formula
Maximum number of units to produce=Maximum units of good X × Opportunity cost of 1X
Let plug in the formula
Maximum number of units to produce= 100 units× 5Y
Maximum number of units to produce=500 units
Therefore the Maximum number of units to produce will be 500 units
6. Mr. A invested in 3 years bond and bond face value is $1,000. 00 and yearly coupon rate is 5% and number of coupon per year is 1 and yield to maturity of the bond is 9%. Calculate the modified duration bond
Answers
Answer:
The modified duration of the bond is 2.72.
Explanation:
Modified duration is a measure of a bond's sensitivity to changes in interest rates. It takes into account the time to maturity, coupon rate, yield to maturity, and the periodicity of the coupon payments. To calculate the modified duration of the bond in this scenario, we can use the following formula:
Modified Duration = Macaulay Duration / (1 + Yield to Maturity / Number of Coupon Payments per Year)
The Macaulay Duration of the bond can be calculated as follows:
Macaulay Duration = [(1 x 1,000) / (1 + 0.09)^1] + [(2 x 1,000 x 0.05) / (1 + 0.09)^2] + [(3 x 1,000 x 0.05) / (1 + 0.09)^3] / [(1,000 x 0.05) / 1 + (1,000 x 0.05) / (1 + 0.09) + (1,000 x 0.05) / (1 + 0.09)^2 + (1,000 / (1 + 0.09)^3)]
After solving for the Macaulay Duration, we can plug it into the Modified Duration formula along with the yield to maturity and the number of coupon payments per year. In this case, the calculation yields a modified duration of 2.72.
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Which is an example of a negative incentive for producers?
a. a chance to make more money b. a special sale at a department store c. a coupon clipped from a newspaper d. a sharp increase in production costs
Answers
A sharp increase in production costs is an example of a negative incentive for producers. Thus, option D is correct.
Poor incentives are a strategy employed by managers to encourage their staff to work effectively so as to prevent a poor outcome. Instead of providing a reward for reaching a target, a manager can advise a punishment if the employee falls short of it, such as forfeiting a bonus or a potential vacation day, being written up, or, in the worst situations, being demoted.
The purpose of negative incentives is the same as that of any other form of employee motivation: to persuade workers to finish their work effectively and to the best of their abilities, but doing so with a potential for harm rather than benefit.
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Answer:
D - a sharp increase in production costs
Explanation:
What is a whistleblower?
A. A person who witnesses illegal or unethical behavior and doesn't
report it
B. A person who reports on a business or organization engaging in
illegal or unethical activities
C. A person who is involved in illegal or unethical activities within a
company
D. An organization that reports the illegal or unethical activities of
another organization
Answers
A person who witnesses illegal or unethical behaviour and doesn't report it is a whistleblower. Hence, option A is correct.
What is whistleblower?Whistleblowers are those who disclose the appropriate information to the appropriate parties. A legal whistleblower is someone who provides information to a designated receiver that they frankly believe demonstrates wrongdoing, to put it another way.
Employees who reveal malpractice they believe is in the public interest are known as whistleblowers. Whistleblowing can take several forms, including reporting theft and unethical or unfair workplace behaviour like racism, sexism, or homophobia.
The US police were the first group to be called "whistle blowers," as they blew whistles to draw attention to wrongdoing and sailors would "whistle for it" when a wind was needed to free a becalmed ship.
Thus, option A is correct.
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Which of the following is not an example of professional behavior
?
Answers
What term is used to describe the communication between a buyer and seller in which the seller's goal is to influence the buyer to make a purchase?
Answers
The term that is used to describe the communication between a buyer and seller in which the seller's goal is to influence the buyer to make a purchase is Personal selling.
What Exactly Is "Personal Selling"?
Personal selling, usually referred to as face-to-face selling, is the process of one salesperson persuading a consumer to purchase a product. It is a type of advertising where the salesperson employs their knowledge and talents in an effort to close a deal.
Personal selling is a face-to-face sales strategy where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. Frequently, businesses attempt to adopt this strategy.
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A few simple business questions, 50 points
Answers
Answer: Human resource Management
Explanation: In a buisness people wouldn't be able to mantain employess and recruit new ones without HRM.