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
Pavel [41]
3 years ago
6

24. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will hav

e a 12% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

The most expensive car can be afforded is = $17290.89

Explanation:

The down payment of a new car = $4000

The mothly payment (annuity ) = $350

Interest rate on the rate = 12% = 12% / 12 per month.

Now we have to calculate the most expensive car that can be afforded with the finance time of 48 months.  

Below is the calculation:

Present \  value = annuity \times \left [ \frac{1-(1+r)^{-n}}{r} \right ] \\= 350 \times \left [ \frac{1-(1+ 0.01)^{-48}}{0.01} \right ] \\= 13290.89 \\

\text{Total value of car}  = savings +  present \ value \\=  4000 + 13290.89 \\= 17290.89

You might be interested in
Who wants me to follow them and give them points
andrew11 [14]

Answer:

me if thats alright !!:) thanks

6 0
2 years ago
Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Tammy, a restaurant manager, is interested in
dexar [7]

Answer:D) Rational, efficient, ideal organization based on principles of logic.

Explanation:Max Weber was a modern twentieth century Sociologist who proposed the Bereaucracy theory, according to Max Weber, Bereaucracy is the basis for the systematic formation of an organisation and Bereaucracy is designed to ensure efficiency and economic effectiveness is achieved. According to Max Weber, Bereaucracy is an ideal model for management and its administration to bring an organisation's power structure into focus when executing jobs or activities.

Like Max Weber, Tammy shares the same view that Bereaucracy is a Rational, efficient, ideal organization based on principles of logic.

7 0
3 years ago
Saving money is a(n) ____________________, because it involves less consumption in the present, but the ability to consume more
Leto [7]
The correct answer is an <span>Intertemporal<span> choice.

</span></span><span>Saving money is an </span>Intertemporal choice.<span> because it involves less consumption in the present, but the ability to consume more in the future. Its a personal choice which people make accordingly depending on their needs, money and time.</span>
5 0
3 years ago
Which is an attribute of an effective organiation structure?
timofeeve [1]

Answer:

Attributes of an effective organization structure are given below.

1. An effective organizational structure facilitates attainment of objectives through proper coordination of all activities

2. In a effective organizational structure, the conflicts between individuals over jurisdiction are kept to a minimum

3. It eliminates overlapping and duplication of work.

4. It decreases likelihood of runarounds

5. It facilitates promotions of personnel

6. It aids in wage and salary administration

7. Communication is easier at all levels of organizational hierarchy

8. A well-structured organization provides a sound basis for effective planning

9. It results in increased cooperation and a sense of pride among members of the organization

10. It encourages creativity

7 0
3 years ago
Recent studies clearly indicate an association between TV advertising of foods and drinks and ______________________, especially
lesya [120]

Recent studies clearly indicate an association between TV advertising of foods and drinks and<u> the prevalence of childhood obesity,</u> especially in the United States.

<h3>What is Obesity?</h3>

This refers to the medical condition where a person is overweight and has an excess Body Mass Index.

Hence, we can see that based on the research made, it was found that there was a direct link between the use of TV advertising of foods and drinks and<u> the prevalence of childhood obesity,</u> especially in the United States.

Read more about obesity here:

brainly.com/question/1646944

#SPJ1

6 0
2 years ago
Other questions:
  • What is the advantage of a variable-interest loan?
    12·1 answer
  • Laws relevant to most marketers include aimed at promoting fair competition and at ____.
    8·2 answers
  • Judd owns a struggling farm that is not making a lot of money. He wonders if he is doing something wrong and brings in an expert
    5·2 answers
  • The pension plan was amended last year, creating a prior service cost of $20 million. Service cost and interest cost for the yea
    7·1 answer
  • The law of comparative advantage explains why a nation will benefit from trade when
    6·1 answer
  • Why do lenders often require a down payment when credit is used to purchase a good?
    14·1 answer
  • The article entitled​ "My Drug​ Probem" best reflects the economic idea that A. ​Pharmac, like private drug​ companies, attempt
    6·1 answer
  • What skills do you think an aircraft engineer would need to have?
    12·2 answers
  • Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 round trips per month). When
    13·1 answer
  • How much money does Ted need to invest each month in order to accumulate $10,000 over a five-year period, if he expects to get a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!