Answer:
5.784%
Explanation:
PV = $91000
PMT = -$1750
N = 60
FV = $0
<em>Using the financial calculator to solve for I/Y</em>
Interest yield = CPT I/Y(91000, -1750, 60, 0)
Interest yield = 0.00482
Interest yield = 0.482%
Highest rate APR = 0.482%*12
Highest rate APR = 5.784%
So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.
The lifetime value of a local car dealership for an average customer is $120,000.
<h3>What is meant by a lifetime value?</h3>
A lifetime value is an average amount that is being earned by the customer over the time period till its being a customer of a particular service.
Given values:
Amount spent by customer: $30,000
The average number of years: 40 years
Computation of lifetime value (LTV):

Therefore, when a customer spends $30,000 on a car dealership for 40 years of average time then its lifetime value would be $120,000.
Learn more about the lifetime value in the related link:
brainly.com/question/16926291
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Answer:
The correct answer is letter "C": Likely to fluctuate when sales change.
Explanation:
Interest Expense is the cost of borrowing money. Usually, interest is paid on a credit card for some form of debt through a bank loan, mortgage, credit line or outstanding balance. The amount charged is equal to the interest rate times the outstanding balance. Interest payments are reported on an income statement as non-operating expenses.
<em>Sales changes do not influence the interest expense.</em>
Answer:
Single Equivalent Discount % on final price = 41.58%
Explanation:
- The grill was initially priced at $769.99 and was discounted to $550.54 which is 28.5% ((550.54/769.99)-1)*100
- and then further discounted by 18.3% ((449.79/550.54)-1)*100 to $449.79.
but if we want to get the single discount rate for $449.79 (final price), we have to compare it with very first original price of $769.99 so the formula will be:
- ((449.79/769.99)-1)*100 = 41.58% which shows the actual discount % versus the original price of the grill.
Answer:
C. A federal system makes the government serve its citizens better because it allows for the existence of sub-units that have significant power.
Explanation:
A normative statement is a kind of statement which offers, the betterment, as includes a suggestion in the statement.
It is not descriptive statement, as it does not include any facts.
A descriptive statement states the facts and analyses the situations accordingly.
This statement is descriptive as rest above statements a and b includes facts.
And the statement d does not provide any suggestion, whereas only statement c provides a suggestion for the system.
Thus, correct option is
Statement c