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Elenna [48]
1 year ago
6

Your friend is going to purchase a car and will finance it. she is borrowing $20,000 at a monthly rate of 0.50 nd will pay it of

f over 5 years. what is the monthly payment?
Business
1 answer:
stiv31 [10]1 year ago
6 0

The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>
  • A monthly interest rate is simply the amount of interest charged in one month.
  • This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
  • APR, on the other hand, is the annual percentage rate charged on a loan for a year.

So,

  • PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
  • CPT PMT which equals $386.67

Therefore, the monthly payment is $386.67.

Know more about monthly interest rates here:

brainly.com/question/2151013

#SPJ4

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Mary was recently hired at Marshall Industries as a repairperson. Upon starting her new job, she was informed that if she chose
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Answer:

D.agency shop agreement

Explanation:

Agency shop agreement is one where a company or employer is allowed to employ both union and non-union workers. This does not affect existence of the Union.

The employees who are non-union members however need to pay a fee for collective bargaining cost. This fee is called agency fee.

In the given scenario Mary chose not to join the union representing her fellow repair workers, she would still have to pay a fee to the union.

She is part of a agency shop agreement

8 0
3 years ago
The models for responding to either liked or disliked changes both end in
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<span>A. 
constructive direction.</span>
6 0
3 years ago
The Trektronics store begins each week with 360 phasers in stock. This stock is depleted each week and reordered. The carrying c
kifflom [539]

Answer:

$5,580 and $3,588

Explanation:

The computation is shown below:

Total Carrying costs is

= Average inventory × the carrying cost per phaser

= (360 phasers ÷ 2) × 31

= $5,580

And,

The Restocking cost is

= Number of orders × the fixed order cost

= 52 × 69

= $3,588

The 52 is the total weeks in a year

We simply applied the above formula

4 0
3 years ago
The administration of a large university is interested in learning about the types of wellness programs that would interest its
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3 years ago
CIRP. Jason Smith is a foreign exchange trader with Citibank. He notices the following quotes. Spot exchange rate SFr1.6627/$ Si
Zinaida [17]

Answer:

Answer explained below

Explanation:

A.

For six months, rSFr => 1.50% and r$ => 1.75%.

Since the exchange rate is in SFr/$ terms, the appropriate expression for the interest rate parity relation is

F/S => [ (1 +  rSFr ) / ( 1 + r$) ]

then we can also say

F/S *( 1 + r$) => (1 +  rSFr )

Now Left side => F/S *( 1 + r$) => [ ( 1 + 6.558) / ( + 1.6627) ] * (1 +0.0175)

Left side => 1.0133

and Right side =>  (1 +  rSFr ) => 1.0150

Since the left and right sides are not equal, IRP is not holding.

B and C.

Since IRP is not holding, there is an arbitrage possibility.

As 1.0133 < 1.0150,

we can say that the EuroSFr quote is more than what it should be as per the quotes for the other three variables. And, we can also say that the Euro$ quote is less than what it should be as per the quotes for the other three variables. Therefore, the arbitrage strategy should be based on borrowing in the Euro$ market and lending in the SFr market. The steps are as as follows. -

Borrow $1000000 for six-months at 3.5% per year and then we will pay back

=> $1000000 * (1 + 0.0175) => $1,017,500 six months later.

Convert $1000000 to SFr at the spot rate to get SFr 1662700.

Lend SFr 1662700 for six-months at 3% per year. Will get back

=> SFr1662700 * (1 + 0.0150) => SFr 1,687,641 six months later.

Sell SFr 1687641 six months forward. The transaction will be contracted as of the current date but delivery and settlement will only take place six months later. So, sixmonths later exchange

SFr 1,687,641 for => SFr 1687641 ⁄ SFr 1.6558/$ => $1,019,230.

The arbitrage profit six months later is 1019230 - 1017500 = $1,730

6 0
3 years ago
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