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bazaltina [42]
3 years ago
13

​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 4.5 % compounded monthly to applicants with good c

redit ratings. If you have a good credit rating and can afford monthly payments of $ 448​, how much can you borrow from​ E-Loan? What is the total interest you will pay for this​ loan?
Business
1 answer:
ser-zykov [4K]3 years ago
6 0

Answer:

Therefore I can borrow $19646.12 from E-Loan.

The interest I will pay for the loan is $1,857.88.

Explanation:

The formula of present value is

PV=PMT(\frac{1-(1+i)^{-n}}{i})

PMT = The monthly payment = $448

i= Rate of interest per period =\frac{4.5}{12}\%=0.00375

n = The number of month = 48 months

Therefore

PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})

      ≈$19646.12

Therefore I can borrow $19646.12 from E-Loan.

The interest = Paid amount - Loan amount

                    =$[(448×48)-19646.12]

                   =$1,857.88

The interest I will pay for the loan is $1,857.88.

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The president of the United States receives tax policy advice from economists in the a. Federal Reserve. b. Department of Justic
Evgen [1.6K]

Answer:

Department of the Treasury

Explanation:

The function of the Department of the Treasury is to conserve a firm economy and also to create various job opportunities by accelerating the various conditions that enable the growth of the economy.

The Treasury also play an important role in intensifying national security by tackling a variety of threats and protecting the integrity of the financial system. It also plays a role in handling the U.S. Government’s finances and resources effectively. The United States president also receives tax policy advice from economists in Treasury Department.

7 0
3 years ago
The economy can produce 15x and 15y, 10x and 20y, 5x and 25y, or 0x and 30y. it follows that opportunity cost of 1x is ___y.
AVprozaik [17]

The opportunity cost of 1x is 29y.

<h3>What is the opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives.

It can be seen that the economy can produce a maximum of 30 units of either product x or y. If 1 of x is being produced, the opportunity cost is 29 (30 - 1)y.

To learn more about opportunity cost, please check: brainly.com/question/26315727

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5 0
1 year ago
A small company is setting up a new remote satellite office. Employees in the remote office need to access network resources fro
nadya68 [22]

Answer:

The reliability of the server is the key technical factor to be considered. In <em>thin client </em>architectures, the data processing is transferred on to the server. In these scenarios, the operating of the remote satellite office would downfall if something bad happened with the server.

Similarly, if the <em>response time</em> is critical (real-time processing is essential for business operating), the company should consider implementing a thick client, which is faster and more reliable. However, thick clients are almost always more expensive to implement.

7 0
3 years ago
A new employee, John Chapman, earns $10 per hour and gets time-and-a-half over 40 hours per week. His first week he worked 45 ho
nirvana33 [79]

Answer: $475

Explanation:

Gross pay is:

= Regular pay + Overtime

= (Regular hours * Regular pay) + ( Overtime hours * regular pay * time and a half)

= (10 * 40 hours) + ( (45 - 40 hours) * 10 * 1.5)

= 400 + 75

= $475

6 0
3 years ago
Two terms for the connective tissue below the dermis are _______. It is made of _______ and its functions include _______.
qaws [65]

Answer:

The correct answer are: Hypodermis and subcutaneous layer; areolar and adipose tissue; stabilizing position of the skin.

Explanation:

- The hypodermis, also called subcutaneous tissue, or superficial fascia, is the lowest layer of the integumentary system in vertebrates. The types of cells found in the hypodermis are fibroblasts, fat cells and macrophages. It derives from the mesoderm, but unlike the dermis, it does not derive from the dermatome in the region of the mesoderm. The hypodermis is mainly used to store fat.

- Areolar connective tissue: It is one of the most widely distributed. It contains cell types such as fibroblasts, macrophages, plasma cells, mast cells and white blood cells. It consists of collagen, elastic and reticular fibers. The main substances it contains are hyaluronic acid, chondroitin sulfate. This type of tissue is part of the subcutaneous tissue.

- Adipose tissue: It is composed of a cell type called adipocira that store triglycerides. It is associated with areolar tissue. It acts as an insulator to prevent heat loss. It is the main source of energy and provides support and protection to various organs.

6 0
3 years ago
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