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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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The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making
6 0
3 years ago
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trasher [3.6K]

The type of organizational learning that involves a formal approach to familiarize a new staff member with the organization's values and policies is <u>B. employee orientation</u>.

<h3>What is organizational learning?</h3>

Organizational learning involves the process of gaining experience and creating knowledge for organizational improvement.

Organizational learning enables employees to:

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Thus, familiarizing new staff members with the organization's values and policies involves <u>employee orientation</u>, not employee mentorship, training, or development.

Learn more about employee orientation as part of organizational learning at brainly.com/question/11815347

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7 0
1 year ago
A 38-year-old investor places $25,000 into a single premium qualified deferred variable annuity. Twenty years later, with the ac
Bad White [126]

The total tax liability is $12,500.

<h3>What is the total tax liability? </h3>

Due to the fact that the account is qualified annuity, the total amount withdrawn is subject to tax.  Also, because the investor is less than 59.5 years, the investor pays an additional tax of 10%.

The effective total tax = 25% + 10% = 35%

Total tax liability = 25% x $50,000

= 0.25 x $25,000 = $12,500

To learn more about taxes, please check: brainly.com/question/25311567

6 0
2 years ago
The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification
postnew [5]

Answer:

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I think so buh I’d advice u to make it its correct

7 0
3 years ago
In the equation of exchange, m x v = p x q, the v represents ___________________ the average amount of money in circulation the
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In the equation of exchange, m x v = p x q, the v represents velocity the average amount of money in circulation the average frequency with which a dollar is spent the average price level quantity purchased.  Velocity is the rate that money is exchanged in a given economy, the money is usally measured in a ratio format. To find the velocity, use the ratio of the gross national product over the companies supply of money that they have.

8 0
3 years ago
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