The best transportation option for Jim is C. Utilizing his saving as a down payment and buying the car using an auto loan.
<h3>Further explanation
</h3>
Auto loan is a loan secured for the expressed purpose of purchasing a car. We can save money by paying off your car loan early. Because we are most likely more than halfway through our loan, most of our payment is currently going toward the principal.
There are four basic building blocks of a car loan:
1. Loan Cost
: the principal and the interest. The principal is the negotiated cost of the vehicle itself. The interest refers to the total amount of the costs accrued over the life of the loan based on the principal amount and the stated interest rate.
2. Interest Rate
: a basic rate charged to the borrower for the money loaned.
3. Down Payment
: an upfront amount of cash paid by the borrower at the time of the purchase of the vehicle.
4. Terms and Conditions
: all of the other items that make up a car loan, including the term of the loan, normally stated in a number of months or years; insurance and registration requirements; loan payoff and resale terms; etc
<h3>Learn more</h3>
- Learn more about auto loan of car brainly.com/question/12389122
- Learn more about Leasing car brainly.com/question/3068511
- Learn more about Renting car brainly.com/question/11856182
<h3>Answer details</h3>
Grade: 9
Subject: business
Chapter: car
Keywords: the market for a car, money, the best transportation option, saving, auto loan.
Answer:
the correct answer is D. threat of new entrants
good luck
OK so I just did some quick research and I found nothing pertaining to that question nor to the answer, so i believe that it is False.
Answer:
Nominal rate is 4.4%
Periodic rate is 1.1%
Effective rate is 4.5%
Explanation:
Bank offer the the nominal interest rate to their customer which already includes the inflation effect, so the stated rate is the nominal rate on the investment.
Nominal Interest rate = 4.4%
Interest rate that is calculated for a specific period from an annual rate is periodic interest rate.
Periodic interest rate (Quarterly) = 4.4% x 3 /12 = 1.1%
Effective Interest rate is the actual rate of return that an investor receives including compounding effect. It is expressed in annual term.
Effective Interest rate = ( 1 + 1.1% )^4 - 1 = 4.5%
