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
faltersainse [42]
3 years ago
9

Effective annual rate: Raj Krishnan bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the deale

r at an APR of 4.9 percent for four years. What is the effective annual rate (EAR) if the loan payments are made monthly
Business
1 answer:
g100num [7]3 years ago
3 0

Answer:

EAR = 5.01%

Explanation:

Given that

APR = 4.9% = 0.049

Loan amount = initial amount - deposited amount

= 17345 - 6000

= 11,345

PV = 11345

Frequency of compounding, m = 12

Recall that

EAR = (1 + r/m)^n - 1

Thus,

= (1 + 0.049/12)^12 - 1

= 1+ 0.049/12^12 - 1

= 1.0501 - 1

= 0.0501 ×100

= 5.01%

You might be interested in
Sherry is known for being very task oriented in her approach to manage subordinates. Which at the following statement is noot li
Furkat [3]

Answer:

a. She tends to work to develop trusting relationships with subordinates.

Explanation:

since in the given situation it is mentioned that sherry to be called as the very task oriented person in order to manage the subordinates so as per the given situation the first option is correct as it is not describe her behavior that she develop the relationship with the subordinates in a trust worthy way

So the option a is correct

6 0
2 years ago
The SEC's ____ reviews the registration statement filed when a firm goes public, corporate filings for annual and quarterly repo
Crazy boy [7]

Answer:

The correct answer is letter "A": Division of Corporate Finance.

Explanation:

The Division of Corporate Finance is a body of the U.S. Securities and Exchange Commission (SEC) in charge of monitoring if publicly traded companies disclose enough information for investors to make informed decisions. The Division of Corporate Finance is also responsible for reviewing new institutions filings to go public by checking their Financial Statements, Form 10-Ks -company's performance, Form 10-Qs -quarterly financial reports, and proxy materials for voting among others.

The division does not disclose the criteria of evaluation to ensure integrity in the process.

6 0
3 years ago
How krdia you have seen/used/participate in has depicted canada and how it has shaped your understanding and knowledge of the co
Akimi4 [234]

Answer:

no idea hhahahahahahahahahahahahahaha

7 0
3 years ago
North Inc. is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the follow
kvv77 [185]

Answer:

;l'l;';l/

Explanation:l;';l'l;'

fdgbfv bhj,/..,iuxklmn jk

6 0
2 years ago
A corporate bond pays 6.25 percent interest. How much would a municipal bond have to pay to be equivalent to this on an after ta
garri49 [273]

Answer:

C) 4.50 percent

Explanation:

It is given that :

Interest a corporate bond pays = 6.25 percent

The marginal percent tax bracket is given as : 28 %

We have to find the amount that the municipality bond shall pay to be the equivalent to the amount after the tax basis :

We known that the municipal bond is tax exempted after the corporate tax bond should be equal to the municipal bond to be indifferent.

Thus, rate of return = rate of return after tax = rate x (1 - tax rate)

                                                                         = 6.25 % x (1 - 0.28)

                                                                         = 4.50 %

Therefore the answer is   = 4.50 %

5 0
3 years ago
Other questions:
  • What happens to the equilibrium price when supply go down
    15·1 answer
  • Use the three-step process in the aicpa conceptual framework to assess whether janes' independence has been impaired. describe h
    10·1 answer
  • Why is it important to take a college entrance exam
    7·1 answer
  • If retention is so much more profitable than acquisition, why have companies persisted for so long in spending more on getting n
    6·1 answer
  • structural changes must an organization undertake to switch from a product to a customer orientation?
    14·1 answer
  • Consider the following​ situation, which involves two options. Determine which option is less expensive. Are there unstated fact
    13·1 answer
  • Garrison Co. produces three products — X, Y, and Z — from a joint process. Each product may be sold at the split-off point or pr
    9·1 answer
  • Which of the following is not a step in product design?
    15·1 answer
  • Innovation and enterprise
    7·1 answer
  • Click on my profile picture and open image <br><br> Get nae naed
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!