Joey wants to pay for a $3,000 automobile over three years at a 12.5% interest rate with a 20% down payment. His monthly payment will be $79.70.
<h3>What is interest rate?</h3>
The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.
<h3>What is the purpose of the interest rate?</h3>
An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.
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Answer and Explanation:
a. The computation of the internal rate of return is shown below:
Given that
The expected cash inlfows would be $9,400 for four years each
Rate of return is 7%
The Initial investment is $30,455
Based on the above information
The net present value is
= $9,400 × PVIFA factor for 7% at 4 years - $30,455
= $9,400 × 3.3872 - $30,455
= $31,840 - $30,455
= $1,385
Now the present value factor is
= $30,455 ÷ $9,400
= 3.2399
Now based on the factor table, the rate should be 9% for four years
b. Yes depend upon the internal rate of return, the park co should make the investment
Marketing information systems (MIS) consists of people, equipment, and procedures to gathr, sort, analyze and distribute needed, timely and accurate information to marketing decision makers
Answer:
$221,100
Explanation:
Given that,
Book value of equipment = $65,300
Sold at a loss = $14,000
Purchase of a new truck = $89,000
Sale of land = $198,000
Sale of Long term investment = $60,800
Cash flows from investing activities:
= Sale of Equipment - Purchase of a new truck + Sale of land + Sale of Long term investment
= ($65,300 - $14,000) - $89,000 + $198,000 + $60,800
= $51,300 - $89,000 + $198,000 + $60,800
= $221,100
Answer:
1) identify your problem: Try to describe the problem as much as possible, as opposed to focusing on the potential consequences or implications of the problem.
2) Pin point the problem
3) so that means you should do research based on the problem ^
4)Try evaluating the problem.. perhaps looking at it in perspective ^
5)see how the problem could affect you or others
6) Then work out a plan to solve the problem
