Let x = the price of the car that Olivia can afford.
Down payment = $2,500
Remaining amount to be financed is P = x - 2500.
Total payments should equal the monthly payments.
The total payment over 4 years (48 months) is
A  = $185*48 = $8,880
The rate is r = 4.9% = 0.049.
The compounding interval is n = 12.
The time is t = 4  years.
The amount financed is P = $(x - 2500).
Therefore
(x - 2500)(1 + 0.049/12)⁴⁸ = 8880
1.216(x - 2500) = 8880
x - 2500 = 7302.63
x = 9802.63
Olivia can afford a car priced at $9,802.63.
Answer: $9,802.63
        
             
        
        
        
Answer:
a) Journal entry
Date        Account and explanation      Debit       Credit
June 1                Cash                             $108,000  
                     Notes payable                                      $108,000
b) Adjusting entry
Date        Account and explanation      Debit       Credit
June 30      Interest expense                    $360	
                     (108,000*4%*1/12)
                    Interest payable                                    $360
c) Journal entry  
Date        Account and explanation      Debit       Credit
Dec 10        Notes payable                   $108,000  
                   Interest payable (360*6)      $2,160  
                         Cash                                                  $110,160
d)  Total (interest expenses)
Interest payable = $360 * 6
= $2160
 
        
             
        
        
        
Answer:
The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.
 
        
                    
             
        
        
        
I don't what the answer is but I will look for it
 
        
             
        
        
        
$10500.
What is credit and debit?
Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.
<u>Debit</u>
An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.
<u>Credit</u>
A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.
Learn more about credit and debit with the help of given link:-
brainly.com/question/27917616
#SPJ4