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Sonbull [250]
3 years ago
14

A car dealer carries out the following calculations. List price $ 5,368.00 Options $ 1,625.00 Destination charges $ 200.00 Subto

tal $ 7,193.00 Tax $ 431.58 Less trade-in $ 2,932.00 Amount to be financed $ 4,692.58 15% interest for 48 months $ 2,815.55 Total $ 7,508.13 MONTHLY PAYMENT $ 156.42 What is the annual percentage rate

Business
1 answer:
enot [183]3 years ago
5 0

Answer and Explanation:

Given interest rate =10%

Repayment months= 48 months,

Interest rate =10% for 48 monthsv

To calculate annual percentage rate,

The annual percentage rate = 2 * repayment months* interest rate divided by repayment months + 1

Annual percentage rate= 2*48*10%/48+1

=2*48*0.10/49

= 96*0.10/49

= 9.6/49= 0.1959= 19.59%

Therefore annual percentage rate = 19.59%

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2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assu
lara [203]

Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.

Explanation:

Cochran’s Sample Size Formula gives the minimum number of students as n= \frac{z^{2}pq }{e^{2} }

Where:

   e is the desired level of precision (i.e. the margin of error),

   p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.

The z-value  for 95% confidence interval is found to be 1.96 in a Z table.

Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.

Then n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )

n= frac{0.9604}{0.0025} }

n= {384.16 }

Rounding up, n= \frac{385 }

But considering that 1000 is a small population,  we can modify the sample size we calculated above formula by using this equation:

s = \frac{n}{1 + \frac{n - 1}{N} }

Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.

s = \frac{385}{1 + \frac{385 - 1}{1000} }

s = \frac{385}{1 + \frac{384}{1000} }

s = 278

8 0
4 years ago
Miguel is 25 years old, has low financial health, a long time horizon and a high risk
arlik [135]

Answer:

A. 85% stocks and 15% bonds/cash equivalents.

Explanation:

Being that Miguel is 25 years old, he has a very long time horizon over which his investments can grow. The fact that he has a low financial health means that he needs to adopt an aggressive investment strategy and that complements his high tolerance for risk. Investing majority of his assets should be in stocks since stocks are riskier than bonds and a small proportion in the latter. Therefore, 85% in stocks and 15% in stocks and cash equivalents would be ideal.

7 0
3 years ago
Use the following appropriate amounts to calculate net income: Revenues, $12,000; Liabilities, $5,000; Expenses, $4,000; Assets,
ad-work [718]

Answer:

A) $8,000.

Explanation:

net income = total revenues - total expenses = $12,000 - $4,000 = $8,000

net income is the same as net profit, or the difference between total revenue minus total expenses (including cost of goods sold, general and administrative expenses, operating expenses, depreciation, etc.)

4 0
3 years ago
Read 2 more answers
Venture capital firms are ________ of money managers who raise money in "funds" to invest in startups and growing firms.
Artist 52 [7]

Answer:

Limited partnerships

Explanation:

They are limited partnerships because some of the partners only contribute financially and have liability only to the amount of their investments.

Venture capital firms provides funding for startups or companies in their early stages that they think have high growth prospects or have shown great prospects.

8 0
3 years ago
charcoal grills, accessories, and installation services for custom patio grilling stations. The State of Kentucky is planning ma
Elodia [21]

Answer:

The answer is: BBQ should report a revenue of $52,640

Explanation:

If BBQ is sure that the State of Kentucky is going to meet the discount threshold, then they should consider the discount when recording their revenue.

revenue = $200 (regular price) x 280 units x 94% (net price after discount)

revenue = $52,640

8 0
4 years ago
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