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Cloud [144]
2 years ago
12

Joey wants to buy a $3,000 vehicle with 20 percent down for three years at 12 percent interest. what will his monthly payment be

?
Business
1 answer:
Gnoma [55]2 years ago
5 0

Joey wants to pay for a $3,000 automobile over three years at a 12.5% interest rate with a 20% down payment. His monthly payment will be $79.70.

<h3>What is interest rate?</h3>

The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.

<h3>What is the purpose of the interest rate?</h3>

An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.

Learn more about interest rate: brainly.com/question/13324776

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2.<br> The stud of economics is basically about what two things?
Ede4ka [16]

Answer:The two main branches of economics are microeconomics and macroeconomics

Explanation:

6 0
4 years ago
a project has the activity duration and cost information indicated in the table where all times are in weeks. there is a penalty
Scrat [10]

Finishing this job could cost as low as $222,000 in total. If the project is finished in 45 weeks, the final cost will be $400,000. If the project is completed in 46 weeks, the overall cost will be $405,000. The project is finished in 45 weeks, which has the lowest overall cost.

This project can be finished for as little as $222,000 overall. This is so that there is no penalty if the project is finished in 45 weeks. A $5,000 fine is imposed if the project is finished in less than 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost. Examining the costs associated with each action is one method to approach this. The first activity will cost $40,000 to complete. The second activity will cost $60,000 to complete. The third activity will set you back $80,000. The fourth action will set you back $100,000. The sixth activity will set you back $120,000. The project will cost $400,000 in total. The overall cost, if the project takes 45 weeks to complete, is $400,000. The whole expense is $405,000 if the project is finished in 46 weeks. Thus, completing the project in 45 weeks results in the lowest overall cost.

To know more about Cost, refer to this link:

brainly.com/question/20534030

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4 0
1 year ago
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus
Serggg [28]

Answer:

b. $14,939

Explanation:

Property placed in service in 1st year:  

                                                Amount $

2nd quarter                              15,000

3rd quarter                                6,000

4th quarter                                <u>40,000</u>

Total furnishing at beginning of 2nd Year $61,000

Half Year depreciation rate in 2nd Year  as per Macrs table under "7 years life" assets, the applicable depreciation in the 2nd year is 24.49%

Thus, amount of depreciation expense is allowable in the current (second) year of ownership = $61,000 * 24.49% = $14938.90

6 0
3 years ago
outline and explain how businesses can apply john kotter's 8 steps of leading change in the workplace
lutik1710 [3]
A sense of urgency - in order for the business to grow, it has to have a sense of urgency and refrain from procrastination. It has to act fast and not be left behind by new business. Plan and act are the keywords.

Building a guiding coalition - a business cannot stand alone. It needs people to help it grow. We have to interact with others who may be able to help us with ideas and purpose.

Form strategic visions and initiatives - we have to know what we want in the future and must act to become that future.

Enlist a volunteer army - get someone knowledgeable and enthusiastic to start going with the future vision of the company. 

Enable action by removing barriers - Have a straight vision of what you want for your business, don't look at the different direction that will just hamper your growth. Do strategies, visioning and have focus.

Sustain Acceleration - when you are gaining your goal, don't stop. Just continue to grow and make the most of every opportunity.

Institute Change - Be adaptive to the changing world. Upgrade and go with how things flow without sacrificing your goal. 






5 0
3 years ago
Growing my business or someone else's​
yulyashka [42]

Answer:

is this question

you may go to growong your business

4 0
3 years ago
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