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3 years ago

Which statement best describes payday leaders and pawnbrokers?

Business

2 answers:

Scrat [10]3 years ago

7 0

The answer is C: They charge extremely high interest rates.

miv72 [106K]3 years ago

6 0

C: They charge extremely high interest rates.

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A car's price is currently $20,000 and is expected to rise by 4% a year. if the interest rate is 6%, how much do you need to put

kati45 [8]

Answer:

$19,591.63

Explanation:

1. Calculate the price of the car in a year from now.

This is add the 4% on the current price:

$20,000 × 1.04 = $20,800

2. Calculate the amount of money that must be put aside to have $20,800 in a year:

Use the formula of monthly compound interest, with 6% annual interest

r = 6% / 12 = 0.06/12 = 0.05

P(1 + 0.005)¹² = $20,800

P = $20,800 / (1 + 0.005)¹² = $19,591.63

5 0

3 years ago

Reading plus answers level m

drek231 [11]

Answer:

ILUL YFGIDTLBsDGBL ASGNDI caugsg

I NEED POINTS PLS DONT REORT!! THX

Explanation:

3 0

3 years ago

Calculate the monthly payment for a 5-year car loan of $23,570 at 10. 43% interest, compounded monthly. A. $247. 44 b. $337. 56

Phoenix [80]

The monthly payment for this car loan is equal to: D. $505. 79.

Given the following data:

Time = 5 years

Principal = $23,570

Interest rate = 10.43%

To calculate the monthly payment for this car loan:

Mathematically, the monthly payment on a loan is given by this formula:

$M = \frac{P(\frac{r}{12})(1 \;+\; \frac{r}{12})^{12t}}{(1 \;+ \; \frac{r}{12})^{12t} -1}$

Where:

P is the principal or amount borrowed.

r is the interest rate.

M is the monthly payment.

t is the number of years.

Substituting the given parameters into the formula, we have;

$M = \frac{23570(\frac{0.1043}{12})(1 \;+\; \frac{0.1043}{12})^{12 \times 5}}{(1 \;+\; \frac{0.1043}{12})^{12 \times 5}\; -\;1}\\\\M = \frac{23570(0.008692)(1 \;+\; 0.008692)^{60}}{(1 \;+\; 0.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.008692)^{60}}{(1.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.6808)}{1.6808\; -\;1}\\\\M = \frac{344.34}{0.6808}$

Monthly payment, M = $505.79

4 0

2 years ago

Operations is concerned with_______while marketing is concerned with________.a. demand, quality.b. efficiency, cost.c. supply, d

Harlamova29_29 [7]

Answer: demand; supply

Explanation:

Operations is concerned with demand while marketing is concerned with supply. It is function of those in the operations department to use the available raw materials to create products that consumers have demanded.

The marketing department is in charge of making sure people purchase the product and supply to them.

4 0

3 years ago

To include the personal assets and transactions of a business's owner in the records and reports of the business would be in con

Margarita [4]

Answer:

C. Business entity principle

Explanation:

A business entity principle is one that states the transactions that are linked to a business must have a separate record-keeping and form those who are owners of the other business.

Thus separates the records for the organization of the business and excludes the assets and the liabilities of the other owners of the business.

6 0

3 years ago