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
Contact [7]
3 years ago
6

7. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can affort is $350. The loan will have

a 12% APR based on end-of-month payments. What is the most expensive car you can affort if you finance it for 48 months? For 60 months?

Business
1 answer:
nordsb [41]3 years ago
8 0

Answer:

$13,290.89  and $15,734.26

Explanation:

In this question we have to use the Present value function which is shown on the attachment below:

In the first case

Provided that

Future value = $0

Rate of interest = 12%  ÷ 12 months = 1%

NPER = 48 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $13,290.89

In the second case

Provided that

Future value = $0

Rate of interest = 12%  ÷ 12 months = 1%

NPER = 60 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $15,734.26

You might be interested in
Oucation 6 of 25
Vladimir79 [104]

Answer:

A. How are goods and services to be distributed?

Explanation:

After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.

According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.

4 0
2 years ago
__________ is marketing research to better describe marketing problems, situations, or markets such as the market potential for
Alenkasestr [34]

Answer:

<em><u>Marketing</u></em><em><u> </u></em><em><u>research</u></em><em> </em><em>is marketing research to better describe marketing problems, situations, or markets such as the market potential for a product or the demographics and attitudes of consumers.</em>

<em>What </em><em>is </em><em>marketing</em><em> </em><em>research</em><em>?</em><em> </em>

<em>Marketing research is the process of designing, gathering analyzing and reporting information that may be used to solve a specific marketing </em><em>problem.</em>

3 0
2 years ago
The sales discounts account is a contra account to the​ ________ account
Gennadij [26K]
The purchases discount account or discounts received account.
6 0
3 years ago
What happens if only income increases
lidiya [134]

Answer:

too crowded. better to be happy alones at homes with computers. unless you got a big home with a lot of rooms and can still be alones

7 0
3 years ago
Sabrina owns a cosmetics company. her company has recently developed a range of beachwear make-up products. when the marketing d
Verdich [7]

Answer:

Noise

Explanation:

In advertising, "noise" is something that distracts from your message. The beaches are noise because Sabrina feels that they distract from showing the makeup products.

6 0
3 years ago
Other questions:
  • During the recession of 2007−2009, the U.S. federal government’s tax collections fell from about $2.6 trillion down to about
    6·1 answer
  • Where do most banks get the text to explain their calculations of interest?
    7·1 answer
  • Dietterich Electronics wants its shareholders to earn a return of 15​% on their investment in the company. At what price would t
    7·1 answer
  • Essay of circular flow
    8·1 answer
  • Which of the following BEST defines absolute advantage in terms of international trade?
    15·1 answer
  • The following company information is available. The direct materials quantity variance is:
    5·1 answer
  • Ehere is miley fans here i csnt see​
    14·1 answer
  • Leander Mfg. has three support departments (human resources, administration, and maintenance) and two revenue-generating departm
    11·1 answer
  • A firm presents a market value balance sheet and a book value balance sheet to prospective investors. What is wrong with using t
    5·1 answer
  • Which type of worker would most likely be able to begin work after receiving a high school degree and completing
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!