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
aleksandrvk [35]
3 years ago
9

Capital One is advertising a 60-month, 5.99% APR motorcycle loan. If you need to borrow$8000 to purchase your dream Harley David

son, what will your monthly payment be?
Business
1 answer:
spayn [35]3 years ago
6 0

Answer:

R=154.66941

Explanation:

the payment will be made monthly so we need to convert the 5.99% APR in to moths

Monthly Interest =5.99%/12 = 0.499%

Total payments = 60

Amount Borrowed = $8000

Rental = ?

Using the annuity formula = P=R*(1-(1+i )^-n ) / i

So we have = 8000=R*(1-(1+0.499%)^-60) / 0.499%

8000=R* (1-0.74181) / 0.499%

8000=R* 0.25818/ 0.499%

8000=R*51.72321

R=8000/51.72321

R=154.66941

You might be interested in
You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:
goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities        $360,000

accounts receivable                           $1,280,000

inventory                                             <u>$2,180,000</u>

Total Current Assets                          <u>$3,820,000</u>

Current Liabilities are those which is payable within next one year.

accrued wages and taxes                   $540,000

accounts payable                                $840,000

notes payable                                      <u>$680,000</u>

Total Current Liabilities                       <u>$2,060,000</u>

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

5 0
3 years ago
Jeremy has a new client. He has identified a research question that relates to a transaction that the client completed several m
Ilia_Sergeevich [38]

Answer:

Closed facts.

Explanation:

In a situation of close facts the action has already been taken before now, and the researcher is to analyse it and determine best course of action.

On the other hand when there is an open fact situation the action has not taken place yet, and the future action can be influenced to give a favorable result.

For example Jeremy has identified a research question that relates to a transaction that the client completed several months ago. This is a closed fact situation.

5 0
3 years ago
This​ year, Druehl,​ Inc., will produce 57,600 hot water heaters at its plant in​ Delaware, in order to meet expected global dem
VLD [36.1K]

Answer:

The number of labor employed by the plant is 160

Explanation:

The computation of the labor employed at the plant  is shown below:

= Yearly production ÷ (labor hours per month × productivity × month per year)

= 57,600 ÷ (200 hours × 0.15 × 12)

= 57,600 ÷ 360

= 160

Hence, the number of labor employed by the plant is 160 and the same is to be considered

We simply applied the above formula

8 0
3 years ago
Skye Pye Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Skye Pye empower
lutik1710 [3]

Answer:

An agency relationship

Explanation:

An agency relationship is one in which a party follows up for the benefit of and with the authority of another party. The head of a firm or organisation names or approves a specialist to follow up for the company benefit. Subsequently, she is answerable for the moves of the operator made in encouragement of her obligations or per the guidelines of the head. The specialist will connect with the third party on behalf of the company.

7 0
3 years ago
Price indexes can be used to compare prices across different periods. Suppose that a year of tuition for college at public insti
vagabundo [1.1K]

Question attached

Answer:

1. $3586

2. More than the amount of inflation

Explanation:

Consumer price index 1989 = 114

Price 1989 = $1817

Price for 2009=Consumer price index for 2009 / Consumer price jndex 1989 = Price 2009 / Price 1989

= 225 / 114 = Price 2009 / $1817

= Price for 2009 = $3586

cost of tuition increased in 2009 by = $3307 that is 6893 - 3586 more than amount of inflation

7 0
3 years ago
Other questions:
  • A ____ is a graph of decisions and their possible consequences.
    12·1 answer
  • HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every yea
    9·1 answer
  • Which of the following statements is true? A) Corporate mission is shaped by functional strategies. B) Corporate strategy is sha
    13·1 answer
  • How did Shakespeare save the life of an inmate, literally and figuratively
    12·2 answers
  • Johnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently.
    11·1 answer
  • Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,
    5·1 answer
  • Pet Toys Inc. has four customers. Details on revenues and expenses are presented below. Customer A Customer B Customer C Custome
    11·1 answer
  • The fundamental facilities and systems serving a country such as transportation,communication systems, power plants, and schools
    11·2 answers
  • Tina, Jack, and Jade were just about to deliver a presentation together. Tina said, "Remember to emphasize our need for a larger
    15·2 answers
  • Which are examples of a person changing careers? Check all that apply.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!