People in emerging countries today are becoming increasingly health conscious and are seeking healthy food choices. as a result, demand for healthy foods is rising steadily, creating an opportunity for marketers to exploit this need market. Needs range from basic survival desires satisfied by using necessities, to cultural, highbrow, and social desires satisfied with the aid of necessaries.
You should report the vendor for fraud and your boss for association with the vendor.
Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
Its people add to the value of its resources by making it inimitable
