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Katen [24]
3 years ago
6

What is the residual value of a leased vehicle

Business
1 answer:
strojnjashka [21]3 years ago
6 0
The vehicles worth at the end of its lease.
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A buyer took out a $6,000 loan for 10 years at 10.5% interest. The buyer made principal payments of $75 a month on the loan in a
larisa [96]

Answer:

$5,550

Explanation:

Given:

Principle amount of the loan = $6,000

Duration of the loan = 10 years

Rate of interest = 10.5%

Principle payment made each month = $75

Now,

The total principle amount paid in six months

= Principle payment made each month  × 6 months

= $75 × 6

= $450

Now,

the principle amount payment is made on addition to the interest, therefore no interest will be due after 6 months

Hence,

the principle loan balance

= Principle loan amount initially - Total principle paid

= $6,000 - $450

= $5,550

3 0
3 years ago
Companies that have higher risk than a competitor in the same industry will generally have
OverLord2011 [107]
To pay a higher interest rate, a lower relative stock price, and a higher cost of funds than its competitors
3 0
3 years ago
Read 2 more answers
Watching his children graduate from high school is most likely a long-term goal for a person of which of these ages? A. 17 years
Arlecino [84]

Answer: D. 57 years old.

Explanation: 17 years old is not old enough to have a child. When a person is 57 years old, their child is likely to be around 17 or 18 years old, 40 years younger. Having a child at 40 years old is probably the oldest age out of the ages listed.

6 0
3 years ago
"During the project life cycle, project managers encounter many occasions to employ their negotiating skills in interactions wit
lesantik [10]

Answer:

A. True

Explanation:

Manager need to employ their negotiating skill in different areas.

And the subject of negotiation written are all correct

7 0
3 years ago
The term value chain refers to the idea that a company is: Group of answer choices The producer of a series of customer-valued p
wel

Answer:

A series of activities that transform inputs into products that customers value.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.

The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.

Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.

On a related note, a value chain refers to the idea that a company is a series of activities that transform inputs into products that customers value.

4 0
3 years ago
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