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andrey2020 [161]
3 years ago
13

Al's obtained a discount loan of $68,500 today that requires a repayment of $93,228, 4 years from today. What is the APR

Business
1 answer:
saw5 [17]3 years ago
4 0

Answer:

8%

Explanation:

To find the answer, you have to use the formula to calculate the rate of interest:

r=(FV/PV)^1/n-1, where

r= rate of interest

FV= future value=$93,228

PV= present value=$68,500

n= number of periods of time=4 years

Now, you can replace the values in the formula:

r=(93,228/68,500)^1/4-1

r=1.08-1

r=0.08→8%

According to this, the APR is 8%.

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kodGreya [7K]

Answer:

A) R(x) = 120x - 0.5x^2

B) P(x) = - 0.75x^2 + 120x - 2500

C) 80

D) 2300

E) 80

Explanation:

Given the following :

Price of suit 'x' :

p = 120 - 0.5x

Cost of producing 'x' suits :

C(x)=2500 + 0.25 x^2

A) calculate total revenue 'R(x)'

Total Revenue = price × total quantity sold, If total quantity sold = 'x'

R(x) = (120 - 0.5x) * x

R(x) = 120x - 0.5x^2

B) Total profit, 'p(x)'

Profit = Total revenue - Cost of production

P(x) = R(x) - C(x)

P(x) = (120x - 0.5x^2) - (2500 + 0.25x^2)

P(x) = 120x - 0.5x^2 - 2500 - 0.25x^2

P(x) = - 0.5x^2 - 0.25x^2 + 120x - 2500

P(x) = - 0.75x^2 + 120x - 2500

C) To maximize profit

Find the marginal profit 'p' (x)'

First derivative of p(x)

d/dx (p(x)) = - 2(0.75)x + 120

P'(x) = - 1.5x + 120

-1.5x + 120 = 0

-1.5x = - 120

x = 120 / 1.5

x = 80

D) maximum profit

P(x) = - 0.75x^2 + 120x - 2500

P(80) = - 0.75(80)^2 + 120(80) - 2500

= -0.75(6400) + 9600 - 2500

= -4800 + 9600 - 2500

= 2300

E) price per suit in other to maximize profit

P = 120 - 0.5x

P = 120 - 0.5(80)

P = 120 - 40

P = $80

8 0
3 years ago
In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
sp2606 [1]

In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.

<h3>What is collective bargaining?</h3>

This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.

Collective bargaining involves employees working together in an organization coming together to agree about some important matters.

Learn more about collective bargaining here: brainly.com/question/11819753

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3 0
1 year ago
Vincent is tasked with deriving the value for a large, custom home that was constructed nine months ago on a secluded 10-acre lo
Butoxors [25]

Answer: Cost Approach

Explanation:

The best method Vincent should use for valuation is the cost approach.

The cost approach is a method of worth estimation that considers the cost of building an already existing structure: checking the value of the land used for building, the cost of construction and subtracting the devaluation overtime.

5 0
3 years ago
In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
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vitfil [10]

Answer:

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Stocks are bought and sold predominantly on stock exchanges (though there can be private sales as well) and are the foundation of many individual investors' portfolios. These transactions have to conform to government regulations that are meant to protect investors from fraudulent practices. Historically, they have outperformed most other investments over the long run. These investments can be purchased from most online stockbrokers

Explanation:

hope it helps

4 0
2 years ago
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