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
Lynna [10]
3 years ago
7

Caleb bought a car for $6,900. he agreed on a five- year loan at a 5.4% interest rate. calculate what caleb's monthly payments w

ill be.
Business
1 answer:
Amanda [17]3 years ago
7 0
Monthly payment amount is given by;
P = A*D --- A = Amount borrowed = $6,900, D = factor
That is,

D = [R/12]/[1-(1+R/12)^-12n] --- where R = 5.4% = 0.054, n = 5 years

Substituting;
D = [0.054/12]/[1-(1+0.054/12)^-12*5] = 0.0191

Therefore, monthly payment amount P is;
P = A*D = 6900*0.0191 = $131.48


You might be interested in
What are three ways that can ensure your message is clear and not misnunderstood?
N76 [4]
Your communication style matches theirs

ask them what they heard. how they might explain it to others

keep your message on one subject. don't confuse the subject with multiple ideas
4 0
3 years ago
Sankey co. has earnings per share of $4. 25. the benchmark pe is 19. 4 times. What stock price would you consider appropriate?
Rashid [163]

An appropriate stock price will be $82.45 ($4.25 * 19.4).

The most common manner to price stock is to compute the organization's rate-to-income (P/E) ratio. The P/E ratio equals the enterprise's stock rate divided via its maximum lately suggested income in line with proportion (EPS). A low P/E ratio means that an investor buying the inventory is receiving an appealing amount of value.

The time period inventory fee refers to the current rate that a proportion of inventory is bought and sold for available on the market. Every publicly-traded company, when its shares are issued, is given a fee – a challenge in their value that ideally reflects the price of the corporation itself.

An inventory is a general term used to explain the ownership certificates of any organization. A proportion, on the other hand, refers to the inventory certificate of a selected organization. Protecting a specific employer's percentage makes you a shareholder.

Learn more about the organization here brainly.com/question/1288780

#SPJ4

6 0
1 year ago
Isabella is working with her boss on how to achieve the goals that have been set for the next year. So far they have agreed that
EastWind [94]

Answer:

B) MBO

Explanation:

An MBO is a secondary vocational education program carried out in the Netherlands. It lasts for four years and its courses go from assistant training, basic vocational training, professional training and finally middle-management training. It is basically the dutch equivalent of technical college, since you start the MBO when you are around 18 years old. After you complete your MBO you can continue your college education.

The MBO covers a lot of professions but it is basically hands on training, since between 20 -60% of the time is practical training (they work as someone else's assistant or trainee).

Isabella is her boss's trainee and since she is about to graduate, she must start training 2 new assistants.

4 0
3 years ago
The U.S. Post Office charges 40 cents for the first ounce and 25 cents per ounce for each additional ounce. Use an inequality to
Leni [432]

Answer:

15 ounces.

Explanation:

The first ounce is worth 0.40, and the additional x ounces are worth 0.25 each. So, the inequality should be Y > A + B * X, where Y is equal to 4, A is the value of the first ounce (0.4), B is the value of the additional ounces (0.25) and x is the quantity of additional ounces.

  • 4 > 0.4 + x * 0.25
  • 4 - 0.4 > 0.25x
  • 3.6/0.25 > x
  • 14,4 > x

14 is the maximum of additional ounces that can be mailed, we have to add the first one, for a total of 15 whole ounces that can be mailed for no more than $4.

8 0
2 years ago
Which concurrent testing method helps calculate the visibility of an outdoor advertisement?
umka2103 [35]
I think it would be a
6 0
3 years ago
Other questions:
  • The new-product process starts with new-product strategy development. Place the steps that follow this one in order. (In other w
    11·1 answer
  • Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,
    5·1 answer
  • The following annual amounts pertain to ABC Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992 If a
    7·1 answer
  • Which of the following could have caused the variance
    12·1 answer
  • There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generat
    11·1 answer
  • Husker Corporation reports current E&P of negative $200,000 in 20X3 and accumulated E&P at the beginning of the year of
    14·1 answer
  • Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation
    5·1 answer
  • Imagine that you are the marketing manager of a hotel chain that wants to implement a customer reward and loyalty program. You r
    5·1 answer
  • What are the three choices that profit-maximizing firms have to make?
    9·1 answer
  • Stocks have a 12% expected return and 22% risk. Bonds have a 7% expected return and 10% risk. The expected return of a portfolio
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!