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11Alexandr11 [23.1K]
3 years ago
5

Jana has $1,500 for a down payment and thinks she can afford monthly payments of $300. if she can finance a vehicle with a 7 per

cent, 4-year loan from a credit society, what is the maximum loan amount jana can afford? (round off the answer to nearest units place.)
Business
1 answer:
icang [17]3 years ago
6 0
Monthly payment, p = $300
Duration of loan, t = 4 years
Interest rate, r = 7% = 0.07
n = 12, the compounding interval.

The value of the loan is
A = (4 yr)*(12 mo/yr)*($300 per mo) = $14400

Let P = the principal (the amount financed).
Then
P(1 +  \frac{r}{n} )^{nt} = A
n*t = 12*4 = 48
P(1  + 0.07/12)⁴⁸ = 14400
1.3221P = 14400
P = $10,892.14

Answer: $10,892  (nearest dollar)

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ASHA 777 [7]
Commercialization<span> is the new-product development phase where Hope Springs decides that the flavor additive has enough market interest and the company will launch full-scale production and sales.

Commercialization refers to the process of adding and introducing a new product and making it available for purchase from consumers. When you commercialize an item you go through phases from beginning to end of the process.</span>
3 0
3 years ago
To sell to Joann, you need to appeal to her ego. She'd rather hear that your new product will make people notice her as an innov
Rom4ik [11]

Answer:

The answer is B. Expressive social style.

Explanation:

From the details given about Joann, the  characteristics she portrays shows her as an individual with an expressives social style.

Individuals with expressive social styles prefer seeks personal approval and more willing to make their feelings known to others. The expressives  are characterized by high assertiveness and high responsiveness.    

3 0
3 years ago
You have just deposited $8,500 into an account that promises to pay you an annual interest rate of 6 percent each year for the n
Pachacha [2.7K]

Answer:

12.51%

Explanation:

after the first 6 years, you will have:

FV = PV (1 + r)ⁿ

  • PV = $8,500
  • r = 6%
  • n = 6

FV = $8,500 (1 + 6%)⁶ = $12,057.41

If you need to have $19,320 in 4 years, then you must determine r:

$19,320 = $12,057.41 (1 + r)⁴

$19,320 / $12,057.41 = (1 + r)⁴

1.6023 = (1 + r)⁴

⁴√1.6023 = 1 + r

1.1251 = 1 + r

1.1251 - 1 = r

0.1251 = r

r = 12.51%

8 0
3 years ago
A product is invented in Country X and is first manufactured there. The International Product Life Cycle Theory holds that the p
kirza4 [7]

Answer:

False

Explanation:

International Product Cycle is a model that patterns international manufacturing & trade of product . It has 4 stages :

  • Introduction - Innovated Invention in a developed country. Limited production & consumption, no competition
  • Growth - Spread to other developed countries, foreign production & competition starts, consumption & coverage rise.
  • Maturity - Spread to developing countries, stagnant growth in developed countries & fast growth in less developed countries
  • Decline - Spread to less developed countries, technology outdated, various substitutes emerge & no. of sellers decline, demand still exist in less developed countries.

So: the next stage after 'Innovated Invention' in a developed country X is - its growth in other developed countries, not 'manfacturing in developing countries' (reflected in 3rd maturity stage).

7 0
3 years ago
Both a call and a put currently are traded on stock XYZ; both have strike prices of $42 and maturities of six months.
STatiana [176]

Answer and Explanation:

The solution of profit/loss is shown below:-

      Stock Price     Profit/Loss

a.        $32                -$4.30 After 6 months Stock price is less than strike price

b.         $37                -$4.30 After 6 months Stock price is less than strike price

c.          $42              -$4.30 After 6 months Stock price is equal than strike price

d.         $47                 $0.7 ($47 - $42 - $4.30)

e.         $52               $5.7 ($52 - $42 - $4.30)

7 0
3 years ago
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