Based on the cost of the car and the interest rate, the amount Tracy is to pay is $638.41.
<h3>How much should Tracy pay?</h3>
The cost of the car is the present value of an annuity because Tracy's payment will be constant.
First find the monthly rate:
= 11% / 12 months
= 0.92%
The number of periods:
= 3 x 12 months
= 36 months
Amount to be paid is:
19,500 = Amount x (1 - ( 1 + 0.92%) ⁻³⁶) / 0.92%
Amount = 19,500 / 30.544874328
= $638.41
Find out more on the present value of an annuity at brainly.com/question/25792915.
#SPJ1
Answer:
Pretty sure its a I am not sure however
Explanation:
It depends on many factors, mainly things like nutrient availability, temperature, moisture level, and toxin rate produced by the bacteria. can the bacteria move, or is it an enclosed space like a petri dish? but basically if we're talking about decades, bacteria will most likely not grow at the same rate in nature. in a controlled environment, the answer would be a maybe.
Answer:
$2.26 million
Explanation:
Plane A:
Initial outlay = $100 million
Annual cash flows = $30 million
Expected life = 5 years
Cost of capital = 12%
EAW = (r x NPV) / [1 - (1 + r)⁻ⁿ]
Using a financial calculator: NPV = $8.14 million
EAW = (12% x $8.14) / [1 - (1 + 12%)⁻⁵] = $0.9768 / 0.432573 = $2.2581 ≈ $2.26 million
Answer:
$31,670
Explanation:
Given that,
Revenue earned on account during Year 2 = $111,000
Cash collected from its receivables accounts during Year 2 = $76,000
Uncollectibles:
= 3% of its sales on account
= 0.03 × $111,000
= $3,330
Net realizable value of Miller's receivables at the end of Year 1:
= Revenue earned on account - Cash collected from its receivables accounts - Uncollectibles
= $111,000 - $76,000 - $3,330
= $31,670
