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Tasya [4]
3 years ago
6

g You borrow $10,000 from your bank to buy a new car. If the loan is for four years at 7% annual interest and payments are made

monthly, how much will your monthly payments be
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

$ 238.47

Explanation:

To do the calculation first you have to identify that they are asking for the monthly payment so all the calculation will be done by month.

First you calculate the monthly rate, you change the TEA 7% to TEM which is 0.57%  (use the formula (1+TEA)^(1/12))-1.

The loan period is 4 years but you have to convert it to months so will be 48 months.

With all this information you can calculate the payment by month, you can use excel with the excel formula <u>PMT(rate;period;loan amount)</u>.

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A company has designed a new product and tested the prototype. what is the next step in product development?
ohaa [14]

Answer:

A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.

Explanation:

Answer option A) Test - market the product.

5 0
3 years ago
A/An _______ is prepared by studding an onion with a few whole cloves and a bay leaf.
tresset_1 [31]

Answer:

Oignon piqué

Explanation:

Oignon pique is a French culinary term. It is done by puncturing the whole and peeled onion with a bay leaf using a whole clove as a tack.

7 0
3 years ago
Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. What is the tot
Troyanec [42]

Answer:

2.20

Explanation:

The formula to compute the total assets turnover ratio is shown below:

Total asset turnover = (Sales revenue ÷ Total assets)

                                   = ($670 ÷ $305)

                                  = 2.20

We simply divide the sales revenue by the total assets, so that the total asset turnover ratio can be computed

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
Today is date 0. In 10 years, you plan to retire and buy a house in Norman, OK. In terms of a time line, you will retire at the
Marianna [84]

Answer:

$20,441.67

Explanation:

the present value of your house is $200,000, its future value = $200,000 x (1 + 5%)¹⁰ = $325,778.93

you can earn a 10% annual interest rate for 10 years, that means that we can use a future value of an annuity factor = 15.937

your annual investment = future value of the house / annuity factor = $325,778.93 / 15.937 = $20,441.67

6 0
3 years ago
An offeree whose acceptance is not a mirror of the offer has made a counter offer.
ch4aika [34]
That is true because has most likely asked for higher than the offer.
4 0
3 years ago
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