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Gennadij [26K]
3 years ago
9

Lydia finds a car that costs $13,000, and she has $2,500 saved for a down payment. If she qualifies for a 5% interest rate, how

much will the interest be calculated on?
Select the best answer from the choices provided.



$10,500

$13,000

$15,500

$12,000
Business
1 answer:
Debora [2.8K]3 years ago
5 0
15,500 is the answer
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Answer:

7/16

Explanation:

Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.

If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.

As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term

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____________ is a completely inadequate mechanism ____________________ in a modern advanced economy. Question 21 options: Curren
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Answer:

Barter; for trying to coordinate trades

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Manuel works for a very large company that sells stocks to shareholders. This is an advantage for which type of business structu
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The following credit sales are budgeted by Garcia Company:January $255,000February $375,000March $525,000April $450,000The compa
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Answer:

Total cash to be realized in March = $468,000

Explanation:

As for the provided information, the details are:

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Total cash to be realized in March = $468,000

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