APR formula = (Finance charges/total balance) x 365
Purchase price = $3,900
Downpayment = $1,000
Total financed = $2,900
Payments (36m) = $100.53
Total amount = $3,619.08
APR formula = (Finance charges/total balance) x 365
APR = ($3619.08/2900) x 365
APR = 4.5%
Answer and Explanation:
fair market value=$ 37,500
Residual value = $ 10,600
Lease term = 12 months
Rate = 20%
Ans:
Monthly pay = $2668.53
Total of 12 months payments = $32,022.42
Total interest = $ 5122.42
Principle amount = 84%
Interest = 16%
Benefits of the brent's company car are pay the 35600 miles during $ 32000 approx.
The general designation of computer programs for performing tasks is called <span>application software, or software application. All of the tasks are made by algorithms designed and implemented by computer programmers. Algorithms are a mathematic way to convert the human process of thinking into "machine thoughts".</span>
Unfortunately, you failed to include the table.
The opportunity cost in the case given above will be a weekend at best friend's house when one decides to go to the beach with his or her family.
<h3>What is opportunity cost?</h3>
When an individual chooses an option, alternatives available in the hands of such individual, which could have been chosen over such option, are the opportunity cost for that individual.
Hence, option B holds true regarding the opportunity cost.
Learn more about opportunity cost here:
brainly.com/question/13036997
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