1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marrrta [24]
2 years ago
11

Tracy purchased a car for $19,500. She is financing the purchase at an 11% annual interest rate, compounded monthly for 3 years.

What is the payment that Tracy is required to make at the end of each month
Business
1 answer:
NemiM [27]2 years ago
5 0

Based on the cost of the car and the interest rate, the amount Tracy is to pay is $638.41.

<h3>How much should Tracy pay?</h3>

The cost of the car is the present value of an annuity because Tracy's payment will be constant.

First find the monthly rate:

= 11% / 12 months

= 0.92%

The number of periods:

= 3 x 12 months

= 36 months

Amount to be paid is:

19,500 = Amount x (1 - ( 1 + 0.92%) ⁻³⁶) / 0.92%

Amount = 19,500 / 30.544874328

= $638.41

Find out more on the present value of an annuity at brainly.com/question/25792915.

#SPJ1

You might be interested in
Police radar equipment is used to detect the speed of objects. In one trial, the radar equipment records a stationary tree as tr
Ganezh [65]

The measurement problems that exist in the radar equipment are accuracy , reliability

<u>Explanation:</u>

There are two different kinds of Radar that is being used such as rotating- antenna radar and  traffic radar. The type of radar that is being used by police contains a stationary single antenna. this will be pointing in one direction. The signal that is modulated will not be sent. There will not be any cathode ray screen for displaying the collected information.

As the antenna points only one direction it can measure only the speed of those object that is either moving towards or away from the radar. It cannot sense the kind of object that it is measuring and it could not also tell the direction in which the object is travelling. Hence, the reliability and the accuracy are the main measurement problems.

3 0
3 years ago
Which of the following is a breach of journalistic ethics? A. allowing a corporation to control a story B. balancing the story t
aliya0001 [1]
B. Is the best answer for this question.
6 0
3 years ago
Assist marketing objectives and help a company reach its goals.
Alex17521 [72]

Answer:

Marketing Strategies

Explanation:

edge

4 0
2 years ago
The ledger of Windsor Company at the end of the current year shows Accounts Receivable $149,000, Sales Revenue $853,000, and Sal
nadya68 [22]

The sales revenue will be recorded in the comprehensive Income after net of sales return.

The account receivables shows the credit sales made and the amount not recovered till yet from the customers.

Hence sales will come at top of profit and loss.

Sales return will come in noted to the financial statements in sales note.

And account receivables will be shown in balance sheet as current asset.

5 0
3 years ago
According to your text, in the broadest terms, the "marketplace" refers to:_________
OLga [1]

Answer:

A. The World of trade

Explanation:

The marketplace is an economic system where companies compete with each other in order to sell their products. It is a place where trade occurs. In the broadest terms, a marketplace is the world of trade where buying of goods and services takes place.

8 0
3 years ago
Other questions:
  • Driving his motorcycle negligently, joe crashes into a streetlight. the streetlight falls onto kim, who is standing nearby, resu
    14·1 answer
  • Do you think that the 330 triathletes who responded to the survey may be considered a random sample from the population of triat
    13·1 answer
  • Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year 2 with
    11·1 answer
  • Research conducted by Harvard Business School found that the traditional 4 Ps model:
    14·1 answer
  • Which of the following statements is CORRECT regarding deciding whether an alcohol sale is legal?
    9·2 answers
  • What is your primary source of investment funds?
    5·1 answer
  • What is the product 0.3 × 8.7? please help me
    14·2 answers
  • The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether
    11·1 answer
  • रचनात्मक र नविन्तम अबधारण लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस​
    15·1 answer
  • If the average cost of producing ten sweaters is $6.50 and the marginal cost of producing the tenth sweater is $6.75, the averag
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!