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
Luden [163]
3 years ago
7

You want to buy a new sports coupe for $75,200, and the finance office at the dealership has quoted you a loan with an APR of 7.

6 percent for 48 months to buy the car.
Requirement 1: What will your monthly payments be? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)


Monthly payment $ ?


Requirement 2:


What is the effective annual rate on this loan? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)


Effective annual rate % ?

Business
1 answer:
charle [14.2K]3 years ago
4 0

Answer:

1. $1,821.76

2. 7.87%

Explanation:

We use the PMT formula that is shown in the attachment below:

Provided that

Present value = $75,200

Future value = $0

Rate of interest = 7.6% ÷ 2 = 0.6333333%

NPER = 48 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,821.76

2. Now the effective annual rate is

= (1 + APR ÷ number of months)^number of months - 1

= (1 + 7.6% ÷ 12)^12 - 1

= 7.87%

You might be interested in
A business may survive and prosper during the growth stage even though it has neither differentiated its offering from competito
Elan Coil [88]

Answer:

B. Getting caught in the transition period without a clear strategic advantage.

6 0
3 years ago
Please help me thankssss !!!!
fredd [130]

Answer:

Money owing to bank, Motor Van, Stock of goods

Explanation:

7 0
2 years ago
A large-scale bakery is laying out a new production process for its packaged bread, which it sells to several grocery chains. It
Nataliya [291]

Answer:

840 breads size oven.

Explanation:

According to Little's law,

Inventory = flow rate × flow time

Inventory (I) is the number of flow units that are currently handled by a business process.

I= unknown

Flow rate (R) is the number of flow units going through the business process per unit time.

R= 4200 breads per hour or 70 breads per minute (4200/60)

Flow time (T) is the amount of time a flow unit spends in a business process from beginning to end.

T= 12 minutes.

Inventory = flow rate × flow time

Inventory = 70 breads per minute × 12 minutes

Inventory = 840 breads size oven

Therefore, for the company to produce 4200 breads per minute, 840 breads size oven is required.

4 0
3 years ago
Macroeconomic analysis is concerned with: Group of answer choices government regulation of industry The structure of a market an
Zanzabum

Answer:

The answer is C.

Explanation:

Macroeconomics is the study of the economy as a whole, unlike microeconomics which is the study of the individual firms/markets.

Macroeconomics focuses on the standard of living, unemployment rate, inflation rate etc. and how this affects the whole economy.

Option A is wrong because it is the microeconomics and not macroeconomics that studies the market and the firm.

Option B and D are wrong because these are for microeconomics

8 0
3 years ago
Various studies indicate that cost savings from a TMS helps an organization reduce freight costs by:____
sveta [45]

Answer:

6 - 10%

Explanation:

The full form of a TMS system is Transportation management system. It is majorly used in supply chain system in large organizations. It is considered to be one of the major technologies that is used in the supply chain management.

It is a logistic platform which used the technology to execute business plan and optimize the movements of incoming and outgoing  of the goods and materials to make the shipment process more efficient and smooth.  

In various studies made, it has been indicated or determined that a TMS system helps the organization to reduce the freight cost by 6 - 10 percent.

7 0
3 years ago
Other questions:
  • In a production budget, if the number of units in finished goods inventory at the end of the period is less than the number of u
    15·1 answer
  • Which one of the following statements contains a metaphor
    13·2 answers
  • The minimum number of instances of entity b that may be associated with each instance of entity a defines the:
    14·1 answer
  • The following information is available on a depreciable asset owned by Mutual Savings Bank: Purchase date July 1, Year 1 Purchas
    13·1 answer
  • What step can an organization take to improve its culture?
    5·1 answer
  • Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay
    8·1 answer
  • An someone find me a company that does not advertise on GOOGLE. Thank youuu
    13·1 answer
  • John, who has just completed his first finance course, is unsure whether he should take a course in business analysis and valuat
    9·1 answer
  • When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand c
    7·1 answer
  • China has been successful in international business in the past. Yet, the country is ruled under a communist regime. Do you thin
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!