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WITCHER [35]
3 years ago
9

Financial literacy is the knowledge about

Business
1 answer:
hammer [34]3 years ago
3 0

Money. I'm doing the same subject right now. Feel free to message me if you have any questions.

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You want to buy a new sports coupe for $75,500, and the finance office at the dealership has quoted you a 7.9 percent APR loan f
MAVERICK [17]

Answer:

$1,295.03

Explanation:

To find the answer, we will use the present value of an annuity formula:

PV = A ( 1 - (1 + i)^-n) / i

Where:

  • PV = Present Value of the investment (in this case, the value of the loan)
  • A = Value of the Annuity (which will be our incognita)
  • i = interest rate
  • n = number of compounding periods

Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.

Finally, we plug the amounts into the formula, and solve:

75,500 = A (1 - (1 + 0.006)^-72) / 0.006

75,500 = A (58.3)

75,500 / 58.3 = A

1,295.03 = A

Thus, the monthly payments of the car loan will be $1,295.03 each month.

8 0
3 years ago
What is price elastic of supply
Reika [66]
The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
4 0
3 years ago
The human population grew from 1 billion in the year 1800 to _____ billion in the year 2000.
Orlov [11]
<span>The human population grew from 1 billion in the year 1800 to 6 billion in the year 2000. People are living longer than they ever have with newer medical practices. Families are also having more children.</span>
5 0
3 years ago
What type of unemployment occurs when people take time to find a job?
Vesnalui [34]

frictional unemployment

3 0
3 years ago
You learned about charity as one of the tax deductions that reduce the taxable income of consumers, producers, and businesses. I
Dmitrij [34]

Answer:

Societally speaking, charity giving improves the community at large. Organisations such as homes for the less privileged, foster care homes, motherless babies homes, who are trying hard to make ends meet are usually relieved when reasonable charity donations flow in.

The community is better off with it more charitable givers than less.

At the personal level, people find fulfilment when they give.

It is also theorised that giving for an individual may be stimulated by any of the factors in the first three levels (descending order) of Abraham Maslows Hierarchy of needs.

The factors are:

  1. Self Actualization (becoming one's highest self)
  2. the Satisfaction of self-esteem needs. Many people give in order to feel that their lives are meaningful find happiness in giving. They usually find it.
  3. Others give because due to the need to belong and be accepted

Cheers!

6 0
3 years ago
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