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earnstyle [38]
3 years ago
12

You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500

rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month). You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months. If you take the $2500 rebate and finance your new car through your credit union your monthly payments will be closest to:
Business
1 answer:
ohaa [14]3 years ago
3 0

Answer:

there are no options listed, but the answer should be $592.91 or the closest option

Explanation:

this is an ordinary annuity and in order to calculate the monthly payment you can use the present value of an annuity formula:

present value = monthly payment x PV annuity factor

monthly payment = present value / PV annuity factor

  • present value = $27,500 - $2,500 (rebate) = $25,000
  • PV annuity factor (0.541667%, 48 periods) = 42.16421

monthly payment = $25,000 / 42.16421 = $592.91

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If the government subsidizes colleges adn sets the subsidy so that the efficnet number of students entroll, what is the subsidy
slava [35]

If the government subsidizes colleges and sets the subsidy so that the efficient number of students enrolled The subsidy is ​$ 1000 per student and 6 million students enroll.The cost to the taxpayers is ​$ 6 billion.

A subsidy or government incentive is a form of financial aid or assistance provided to a sector of the economy (business or individual), generally for the purpose of promoting economic and social policies. [1] The term subsidy generally comes from governments but can refer to any kind of support, including NGOs and implied subsidies. Subsidies come in many forms, including direct (cash grants, interest-free loans) and indirect (tax relief, insurance, soft loans, accelerated depreciation, rent refunds)

They may be broad or narrow, legal or illegal, ethical or unethical. The most common form of subsidy is a producer or consumer subsidy. Producer/production subsidies ensure an advantage for producers by providing either market price support, direct support, or payments for factors of production[3]. Consumer/consumption subsidies generally reduce the price of goods and services to consumers. For example, in the United States, it was cheaper to buy gasoline than bottled water

Learn more about subsidy here

brainly.com/question/6945210

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6 0
1 year ago
The average GDP per capita for the world is about _________ and approximately ______ of the world population lives below that nu
WITCHER [35]

Answer:

I'll go with option C

According world bank data the GDP per capita for the World as at 2018 is 17,912.368 ( current international $)

5 0
3 years ago
The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

5 0
3 years ago
What might be an example of corporate social responsibility
Thepotemich [5.8K]
Reducing carbon footprints. Improving labor policies. Participating in fairtrade. Charitable giving. hope this helps you. jajjaja
5 0
2 years ago
Read 2 more answers
Which sentence indicates that Roger's company, Fine Jewelry, follows a subscription business model? Roger's company, Fine Jewelr
nlexa [21]

Answer:

Its "Customers get a new piece of jewelry every three months.

Explanation:

The first option, never tells what the customer gets in return.

 Sorry this answer is two weeks late. Happy Thanks Giving!

6 0
2 years ago
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