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
dimaraw [331]
3 years ago
6

You want to buy a new sports car from Muscle Motors for $38,000. The contract is in the form of an annuity due for 60 months at

an APR of 10.00 percent. What will your monthly payment be?

Business
1 answer:
insens350 [35]3 years ago
5 0

Answer:

$800.71

Explanation:

In this question we use the PMT formula that is shown on the attachment below:

Data provided in the question

Present value = $38,000

Future value = $0

Rate of interest = 10% ÷ 12 months = 0.83333%

NPER = 60 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payments is $800.71

You might be interested in
A form that contains charges, DOS, CPT codes, ICD codes, fees, and copayment information is called which of the following?
vlada-n [284]

Answer: <em>Option (a) is correct.</em>

Encounter Forms are referred to as printed forms which are utilized to record the charges, which are associated with a patient visit along with other useful information that is further required in order to bill insurance organizations. It also contains DOS, International Classification of Diseases, Current Procedural Terminology codes. These help to save time and record all charges from patient visits.

5 0
3 years ago
Ramiro has been a forklift driver for the local grocery store for six years. He earns $32,000 a year. He works with a nice crew.
laiz [17]

Answer:

social context

Explanation:

Social context -

It refers to the physical environment in which the people live , is referred to as the social context  .

It is also known as the sociocultural context or social environment  .

Social context consists of all the living as well as non living things , the people living in the society have certain impacts from the outside environment , which can be good as well as bad .

In the given scenario of the question ,

Ramiro has very positive impact from the social context , and hence he is very satisfied and happy with his job .

5 0
4 years ago
Calculate the dollar rate of return on a 10 comma 00010,000 pound sterling deposit in a London bank in a year when the interest
lyudmila [28]

Answer: 92.7%

Explanation:

Due to the depreciation of the Dollar against the Pound, the foreign denominated deposit will have an even higher return.

Let's calculate that return.

= New Exchange rate - Former exchange rate / Former exchange rate

= 1.42142 - 1.23123 / 1.23123

= 0.15447

= 15. 4%

There is a gain of 15.4%.

In order to get the total dollar rate of return we add this just calculated return to the interest rate on pound which is 77%.

= 77 + 15.4

= 92.7%

In dollars then the return is 92.7%.

If you need any clarification please feel free to comment or react. This will help other users as well. Thank you.

8 0
3 years ago
Sb-44 what should you do to avoid capsizing or swamping?
MA_775_DIABLO [31]
A boat become swapped when excessive water enter it through the holes in the bottom. Swapping can lead very quickly to capsizing. The leading causes of swamping include: overloading, improper load distribution in the vessel, free-boards that are unsuitable for sea condition, improper towing, operator errors and mechanical failure. Boat swamping and capsizing can be prevented by avoiding the errors listed above and by checking vessels very well for mechanical faults before using them. 
8 0
3 years ago
Identify the type of communication illustrated in the quotation.
snow_lady [41]
The type of communication illustrated is A) intrapersonal
3 0
3 years ago
Other questions:
  • _____ money is what's available after paying for the necessities of life
    10·2 answers
  • Wayne Rogers Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from
    10·1 answer
  • The demand schedule for a good Group of answer choices
    15·1 answer
  • Workco must have the following number of workers available during the next three months: month 1, 20; month 2, 16; month 3, 25.
    9·1 answer
  • Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The n
    13·1 answer
  • Which of the following are true?
    15·1 answer
  • Which of the following best describes the role of “capital?”
    10·1 answer
  • You are considering an investment project with an internal rate of return of 8.7 percent, a net present value of $393, and a pay
    8·2 answers
  • DISTRIBUCIONES MUESTRALES Y ESTIMACIONES
    8·1 answer
  • Supplies that are not used immediately are recorded as a(n) ______ when purchased.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!