1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
storchak [24]
3 years ago
14

Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan of

fers no payments for the first 11 months, how many payments will Colton be required to make?
Business
2 answers:
GREYUIT [131]3 years ago
8 0

Answer:

the right APEX answer is 25

sashaice [31]3 years ago
4 0
Given:
3 year loan
$2,075 loan amount
10.7% Loan APR
*no payment for the first 11 months.

3 years is equivalent to 36 months. 
36 months - 11 months = 25 months.

Colton must make 25 monthly payments to pay off his loan. 

Usually, businesses can give this kind of promo because the interest in the months of no payments have already been added in the list price of the product. Thus, ensuring that the company will always profit from this promotion.
You might be interested in
Assessments of the currency of diversity plan
NikAS [45]

The assessments of the currency of diversity plan is one that is centered around making a diversity plan that entails a lot of steps to make sure that the institution is said to be prepared to make a diversity plan.

It is one that seek to recognizes its role inside of  a diverse community, and it is one that handles diversity in a meaningful and vital way.

<h3>What is in a diversity plan?</h3>

A diversity plan is known to be a kind of an actionable plan that tells more about one's business and how one can go about then.

It is one that  is made up of people from a lot of backgrounds. It is a said to be a kind of a commitment by the company to make an environment that is fair.

Hence, The assessments of the currency of diversity plan is one that is centered around making a diversity plan that entails a lot of steps to make sure that the institution is said to be prepared to make a diversity plan.

Learn more about diversity plan from

brainly.com/question/7170490

#SPJ1

8 0
1 year ago
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c
kenny6666 [7]

Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

         To Prepaid insurance A/c             $1,200

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $6,200

        To supplies A/c                             $6,200

(Being supplies adjusted)

The supplies at the end of the year is computed below:

= Supplies account balance + purchase of supplies - available  supplies

= $5,000 + $2,000 - $800

= $6,200

5 0
3 years ago
Why would someone choose to start a franchise business?
Rom4ik [11]

Answer:

The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. ... Training from successful business operators. A lower risk of failure and/or loss of investments than if you were to start your own business from scratch.

6 0
3 years ago
Chris purchased a 10 year 100 par value bond where 6% coupons are paid semiannually. Cheryl purchased a 100 par value bond where
WITCHER [35]

Answer:

Chris paid $109.68 for his bond. Since he paid a premium for the bond, the YTM is lower than the coupon rate.

Explanation:

yield of Cheryl's bond is 6% since she purchased it at par and the bond's coupon is 6%

if Chris's bond yields 80% of Cheryl's, it will yield 6% x 0.8 = 4.8%

we can use the approximate yield to maturity formula to find the market price of Chris's bond:

2.4%(semiannual) = {3 + [(100 - MV)/20]} / [(100 + MV)/2]

0.024 x [(100 + MV)/2] = 3 + [(100 - MV)/20]

0.024 x (50 + 0.5MV) = 3 + 5 - 0.05MV

1.2 + 0.012MV = 8 - 0.05MV

0.062MV = 6.8

MV = 6.8 / 0.062 = 109.68

8 0
3 years ago
Which one of the following is a capital structure decision?
nirvana33 [79]

Answer:

B

Explanation:

Capital Structure decision is determining the optimal way of raising capital either through Equity or Debt.

8 0
3 years ago
Other questions:
  • On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 da
    12·1 answer
  • The following information is available for completed Job No. 402: Direct materials, $120,000; direct labor, $180,000; manufactur
    14·1 answer
  • The super prize in a contest is $10 million. This prize will be paid out in equal yearly payments over the next 20 years. If the
    7·1 answer
  • In a Process-oriented layout work centers are arranged to minimize the costs of material handling. The basic cost elements for o
    5·1 answer
  • You have two alternatives to consider to produce a part. The first alternative requires an initial investment of $50,000, produc
    14·1 answer
  • The IMA suggests​ that, when faced with an ethical​ dilemma, the first thing management accountants should do is call the​ IMA's
    7·1 answer
  • "On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set
    14·1 answer
  • If one is injured during the process of saving a life, the person who was trying to help is protected by what law?
    5·2 answers
  • DeBeers is an example of a government monopoly. True or False?
    14·1 answer
  • Revising for Conciseness - Rejecting Redundancies and PurgingEmpty Words
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!