$73,000x8.5%=$6,205 for one year
I believe you are looking for either this number or $6,205x8?
$49,640 for 8 years
Based on the payment you can afford, the interest rate, and the number of years, the loan you can afford is $6,774.15
<h3>What size of a loan can you afford?</h3>
First find the monthly interest rate:
= 4% /12
= 1/3%
Number of periods:
= 3 x 12
= 36 months
The loan you can afford can be found as:
= Payment x ( 1 - (1 + rate) ^ -number of periods) / rate
= 200 x (1 - (1 + 1/3%)⁻³⁶) / 1/3%
= $6,774.15
Find out more on loans at brainly.com/question/15088278.
Answer:
Tires bought by a driver for her personal use- final good
Memory card bought by a photographer-intermediate good
Lenses bought by a camera manufacturer- intermediate good
Tires bought by a car manufacturer-intermediate good
Explanation:
Since tires are for personal use and not used to produce any other good it will be classified as a final good.
A memory card bought by a photographer will be used in creating new pictures, so it will be categorized as an intermediate good.
Similarly, lenses bought by a camera manufacturer will be used for making cameras and tires bought by a car manufacturer will be used for making cars. So both will be classified as a final good.
Answer:
Weighted average contribution margin= $1.85
Explanation:
Giving the following information:
It sells two large drinks for every small drink. A large drink sells for $3.00 with a variable cost of $ 0.60. A small drink sells for $ 1.25 with a variable cost of $ 0.50.
To calculate the weighted average contribution margin, we need to use the following formula:
Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)
Sales proportion:
Large drink= 0.67
Small drink= 0.33
Weighted average contribution margin= (0.67*3 + 0.33*1.25) - (0.67*0.6 + 0.33*0.5)
Weighted average contribution margin= 2.4225 - 0.567
Weighted average contribution margin= $1.85
