Answer:
$18,117.58
Explanation:
the question requires that we find the minimum price Hank would need to receive his first car.
loan = $28,000
rate = 0.08/12 = 0.0067
the monthly payment can be calculated as:
loan /[0.0067/1-(1/(0.0067)^60))]
= 28000/[1-1/(1.0067^60)/0.0067]
= 28000/(1-(1/1.0067)^60)/0.0067
= $567.74
The minimum price can be calculated as:
pmt = 567.74 x [(1-(1/1.0067^36))/0.0067) x 0.0067
= $18,117.58
<h3>Statement by Fallacy</h3>
"This work is driving me crazy!"
The above sentence is said by Fallacy a worker of a cafe in a busy shopping mall, She tries her best to serve the customers but the customers are quite rude and that is the reason why she said such a dialogue.
<h3>Customer Behaviour</h3>
Fallacy wants the customers to act kindly and be a little patient, but that is completely the opposite of what is reality.
She is unable to leave the job as it is a well paid job and she is not able to find another job that can pay her this much salary.
Learn more about Business at brainly.com/question/26675384
Traditional career development programs of the past focused on helping an employee advance <span>by holding a series of jobs in a single organization.</span>
A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.
Simple interest allows your money to earn money, so you have to save less.
<h3>What Is Simple Interest?</h3>
Simple interest is a quick and easy method of calculating the interest charge on a loan.
Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
<h3>Where is simple interest used in real life?</h3>
Application of Simple Interest:
In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.
At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.
Learn more about simple interest here:
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Answer
The answer and procedures of the exercise are attached in image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.