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Julli [10]
4 years ago
7

You want to buy a new sports car from Muscle Motors for $76,000. The contract is in the form of a 60-month annuity due at an APR

of 7.15 percent. What will your monthly payment be?
Business
1 answer:
Anettt [7]4 years ago
5 0
The formula of the future value of an annuity due is
Fv=pmt [(1+r/k)^(n)-1)÷(r/k)]×(1+r/k)
Fv future value 76000
PMT monthly payment?
R interest rate 0.0715
K compounded monthly 12
N time 60 months
Solve the formula for PMT
PMT=Fv÷[(1+r/k)^(n)-1)÷(r/k)]×(1+r/k)
PMT=76,000÷((((1+0.0715
÷12)^(60)−1)÷(0.0715÷12))
×(1+0.0715÷12))
=1,051.18 ....answer

Hope it helps!
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A firm currently sells its product for $5. It estimates that its average total cost of production is $6 and its average fixed co
myrzilka [38]

Answer:

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Explanation:

4 0
4 years ago
The fed can increase the federal funds rate by
Stella [2.4K]

The answer is selling Treasury bills, which decreases bank reserves. The government securities that are used in open market processes are Treasury bills, notes or bonds. If the FOMC needs to grow the money supply in the economy it will acquire securities. On the other hand, if the FOMC wants to decrease the money supply, it will vend its securities.

5 0
3 years ago
Brent must substantiate his travel and entertainment expenses. Which of the following is not required for documentation?A) compa
kotykmax [81]

Answer:

The correct option is A

Explanation:

The documentation for which is not required is the company expense report so Brent need not require to substantiate or provide the proof of the expenses of travel and entertainment in the expense report of the company. As the company expense report need particularly under the rules of the substantiation.

Therefore, the correct answer is that the company expense report is not needed for documentation.

6 0
3 years ago
Explain the purpose of making individuals aware of their underperformance clearly but sensitively.
vivado [14]

The purpose of making individuals aware of their underperformance clearly but sensitively is to avoid creating a damage to the person because human are emotional being.

<h3>What is underperformance?</h3>

This occur when an individual is preforming below expected. Usually, there is task to accomplished at a particular time and if its is not done tp time and does not produce expected result then, it is said that the individual under performed.

An employee can underperformed also when the clearly set contract projection plan is low or when an  employee do not perform the  necessary duties of their role.

When an individual underperformed it can be brought to the notice of the person n a very calmly manner to avoid damage of emotions and self esteem.

Therefore, The purpose of making individuals aware of their underperformance clearly but sensitively is to avoid creating a damage to the person because human are emotional being.

Learn more on underperformance below

brainly.com/question/13794592

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3 0
2 years ago
Which of the following accurately describes the difference between a change in supply and a change in quantity supplied? a. ​ A
Sedaia [141]

Answer:

Option A

Explanation:

First let's make see the what is the difference (they are not the same thing.) And then lets analize which statement is the most accurate.

A change in supply and a change in quantity supplied are different things.   The change in supply is caused by changes in costs and incentives that change how much a producer can and will produce at a given price.

The change in quantiy supplied is caused simply by a change in the retail price of the product.

The change in <em>quantity supplied is shown as a movement along the curve</em>. While the change in <em>supply is shown graphically as a movement of the supply curve.</em>  

As we can see, that means that A is the correct answer.

5 0
3 years ago
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