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murzikaleks [220]
3 years ago
13

After carefully going over your budget, you have determined you can afford to pay $632 per month toward a new sports car. You ca

ll up your local bank and find out that the going rate is 1 percent per month for 48 months. How much can you borrow
Business
1 answer:
ZanzabumX [31]3 years ago
4 0

Answer:

I can borrow $24,000

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

The amount of loan can be calculated as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Amount of Loan = $632 x [ ( 1- ( 1 + 1% )^-48 ) / 1% ]

Amount of Loan = $632 x [ ( 1- ( 1.01 )^-48 ) / 0.01 ]

Amount of Loan = $24,000

r = 7.17%

Interest rate is 7.17%

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A checking account is the type of account option that is designed to house money for easy access, either by check or by debit card.

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7 0
2 years ago
They were totally excited to be getting a new system. It would allow them to conduct a remote discussion of the budget with the
slamgirl [31]

Answer:

The correct answer is letter "C": They were excited about the video conference system.

Explanation:

In order to make sentences more professional and direct, they must be objective. It implies any point of view, perspective, comment, or any subjective piece of information should be deleted so the statement is unbiased. By doing this, we avoid exaggerations or misunderstandings from the author.

In the sentence:

  • <em>They were </em><u><em>totally</em></u><em> excited to be getting a new system. </em>

We should delete "totally" which is an individual perception of the author. Then:

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Will be a more objective sentence.

7 0
3 years ago
Sansa, Cercei, and Tyrion have just finished their team's project and are waiting for their supervisor's feedback. Cercei has be
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Answer:

Cercei's mood would be categorized as:

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4 0
3 years ago
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