Because in the future you will need to learn that especially if you want to have your own business
- Monthly payment = $753.45
- Interest in first month = $85
First remove the amount paid as down payment:
= 20,000 - 3,000
= $17,000
The amount to be paid monthly is a constant amount which would make it an Annuity.
The $17,000 is the present value of this Annuity so the formula for present value of annuity can be used to find the annuity.
The payment is monthly so the rate and number of periods needs to be converted:
Rate = 6%/12 = 0.5%
Period = 2 x 12 = 24 months
Annuity is:
<em>Present value of Annuity = Annuity x ( 1 - (1 + rate) ^- number of periods) / rate </em>
17,000 = A x ( 1 - ( 1 + 0.5%)⁻²⁴) / 0.5%
17,000 = A x 22.5628662
A = 17,000 / 22.5628662
A = $753.45
The interest in the first month is:
<em>= Interest rate x Amount borrowed </em>
= 0.5% x 17,000
= $85
In conclusion, the monthly payments will be $753.45 and the interest in the first month will be $85.
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Answer:
is derived from leader capability and knowledge in a particular field
Explanation:
The expert power is thinking with respect to a specific person that contains the knowledge level or the specific level but the other person dont have
Also the person have the expertise in a specific field due to which the people around feel that the person powerful and give more values to his opinion
Therefore as per the given option, the last option is correct
Tailoring is the process of fitting effort and level of planning detail proportionately to the cost, size, complexity, and risk of the project.
Tailoring refers to an apparel object that is custom-outfitted for the wearer. due to the fact the garb is custom-match, it will appear suitable on the character it changed into made for. Tailoring is something that most people can't do for themselves, therefore it comes at a rate.
Tailoring is the artwork of adjusting clothes to match a particular individual's particular frame shape. Tailors can alter whatever from the sleeve duration and shoulder seams of an in-shape jacket to the inseam of a pair of denim to the drape of a marriage get dressed.
Normally, a seamstress sews garments, fabrics, and garb for a dwelling. A tailor works at changing clothing and clothing to match a purchaser/purchaser. They could make clothes as properly and might be tasked with hemming and mending. Usually, a tailor will paintings greater with fits and coats or even fancy clothes which include ball robes.
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