The correct statement is that the monthly payments on the purchase of a new car by Renee will be $655 on the interest rate of 11.34 percent for a period of four years.
The calculation of the value of the monthly payments to be made by Renee can be ascertained by computing all the costs of such transaction and then division by the number of months available.
<h3>Calculation of Monthly Payments</h3>
The total principal net value of the car comes down to $19945 after adding all the costs and deducting the trade-in value of the old car at 85% of the total value.
The formula for the calculation of total annuity is as below and the values given are being applied,
Now the monthly payments over a period of four years will be,
So, a monthly payment of $655 needs to be made in order to purchase such a car.
Hence, the correct statement is that the monthly payments on the purchase of a new car by Renee will be $655 on the interest rate of 11.34 percent for a period of four years.
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Answer:
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Answer:
To return to its long-run equilibrium point, government should use expansionary fiscal policy.
Explanation:
Long run is the sufficient time period for wages and other input prices to change responding to change in the price level. Long-run aggregate supply curve shows the relationship between the price level and actual GDP (applied if all prices are flexible). Price can change but output cannot. "Long-run aggregate supply curve" (LRAS) is vertical or passes through a point because in long run, output is not related to the level of price.
An expansionary fiscal policy causes an increase in demand. This happens when the government spends increase and there is reduction in taxes.
Answer:
Strategic level
Explanation:
Bill is at the strategic level of the organisational pyramid. He is responsible for allocating the resource of the organisation and taking decisions on behalf of the owners. Bill is at the strategic level because he is also required to make a strategic decision and goals for the company. The strategic level of management is one of the important parts of any organisation, as the strategic performance of the company relies heavily on strategic management.
Answer:
Explanation:
3. Trade Business ... including any and all business that buy from others companies to sell to the public.
4. Extraction business ... as they extract materials from the earth so that manufacturers can create valuable products for customers.
5. nonprofit corporation ... these corporations are legal entities which do not operate as a business and usually make all of their money through donations and grants to use for the benefit of the public, but can also sell goods and services for money.
6. franchise. ... there are many examples of franchises such as McDonalds, Target, Walmart etc. All of which sell the rights to individuals to operate under the franchises name.
7. retailer ... in other words these are the final stores where customers ultimately purchase the product. This can either be a brick and mortar store or an online shop.