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
Dima020 [189]
3 years ago
8

You want to buy a new sports coupe for $75,500, and the finance office at the dealership has quoted you a 7.9 percent APR loan f

or 72 months to buy the car. Requirement 1: What will your monthly payments be? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places
Business
1 answer:
MAVERICK [17]3 years ago
8 0

Answer:

$1,295.03

Explanation:

To find the answer, we will use the present value of an annuity formula:

PV = A ( 1 - (1 + i)^-n) / i

Where:

  • PV = Present Value of the investment (in this case, the value of the loan)
  • A = Value of the Annuity (which will be our incognita)
  • i = interest rate
  • n = number of compounding periods

Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.

Finally, we plug the amounts into the formula, and solve:

75,500 = A (1 - (1 + 0.006)^-72) / 0.006

75,500 = A (58.3)

75,500 / 58.3 = A

1,295.03 = A

Thus, the monthly payments of the car loan will be $1,295.03 each month.

You might be interested in
A weaker dollar benefits_______and hurts______.
oksian1 [2.3K]

Answer:

C. American businesses; American consumers.

Explanation:

Currently so many businesses of America are overseas, approximately 40%.

Now when the dollar turns weak these businesses are benefited in a manner that is the buyers needs to pay more for such deals.

Further with this as the buyers needs to pay more, even in the country the imported goods turns expensive as dollars decrease their value.

Accordingly, it is the american business man who gets benefited with weaker dollar, and the american consumer has to pay more for this.

4 0
3 years ago
Think of an organization that you’re a part of. It could be a workplace, team, or club. Identify Schein’s four key elements in t
s344n2d4d5 [400]

One of the most important key elements in Schein’s four key elements according to me would be a common purpose because, without having a common purpose, people working in the organization will be disoriented and directionless. Thus, it can hamper the ultimate goal of the organization.

<h3>What is the common purpose of an organization?</h3>

A corporation with a clear purpose or undertaking is one that is simple to recognize and manage. A common purpose unifies personnel and facilitates them to understand the corporation’s direction.

Hence, according to me, among all the Schein’s four key elements in the organization’s structure, the Common purpose is the most key element.

Learn more about common purpose of an organization:

brainly.com/question/14158365

#SPJ1

7 0
2 years ago
What is the difference between gross income, taxable income, and adjusted gross income?
melisa1 [442]

Answer:

Here is what I found, I hope it helps

Explanation:

Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.

6 0
3 years ago
Read 2 more answers
Edward is a member of the Knights of Columbus, a religious group dedicated to voluntary service to the benefit of society. He al
Ksenya-84 [330]

Answer:

fraternal benefit society

Explanation:

The fraternal benefit society is an organization in which the people generally  share the ethics, religious views, etc. Also this society provides the insurance to their members

Since in the question it is mentioned that the Edward who is a member of Knight of Columbus i.e. a religious group dedicated a voluntary service in order to give the benefit to society

So the knights of columbus is a fraternal benefit society

4 0
3 years ago
Currently Ark is charged $3,144,267 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this
german

Question Completion:

A)Have no impact on the Net Cash from Operations as depreciation appears in both the Cash Flow and the Income Statement

B)Decrease Net Cash from Operations on the Cash Flow Statement

C)Increase Net Cash from Operations on the Cash Flow Statement

D)Just impact the balance sheet

Answer:

C)Increase Net Cash from Operations on the Cash Flow Statement

Explanation:

When Andrews increases the depreciation charge of $3,144,267 to a higher amount, this will decrease the net operating income.  In computing the adjustment to net income for non-cash expenses, the increased depreciation will automatically increase the net cash from operations because of the tradeoff effects.  So, on the financial statements of Andrews, specifically on the Statement of Cash Flows, the increased depreciation expense or charge will positively increase the net cash from operating activities.

4 0
3 years ago
Other questions:
  • Maria wants to create a simple logo for her new flower shop. She would like to use the computer to create this logo. Maria shoul
    11·2 answers
  • (1 pt.) Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year ended De
    9·1 answer
  • Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl
    7·1 answer
  • a machine produces 374 bolts in 33 minutes. At the same time rate how many minutes would it take to produce 272 bolts
    14·1 answer
  • which is true:_______A. high p/e ratio could mean that the company has a great deal of uncertainty in its future earningsB. low
    15·1 answer
  • The relationship between output and labor in a model holding capitalstock fixed is known as the:a. aggregate production function
    12·1 answer
  • The relationship between the type of diversification and overall firm performance Multiple Choice takes on the shape of an inver
    12·1 answer
  • 15. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the ye
    9·1 answer
  • What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warrant
    10·1 answer
  • The May bank statement for Rental shows a balance of $6,300​, but the balance per books shows a cash balance of $8,200. Other in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!