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
hammer [34]
3 years ago
10

After graduating this May, Dale is planning on buying a new Ferrari for $250,000. He decides to finance his new car with a 5 yea

r loan from Citibank with a 12% interest rate. His annual payment is $48,986. What will Dale's principal payment be at the end of the first year? Group of answer choices a) $5879 b) $10000 c) $18986 d) $50000.
Business
1 answer:
jek_recluse [69]3 years ago
3 0

Answer:

c) $18,986

Explanation:

The computation of the payment of principal is shown below:

= Annual payment - (Balance of Principal × interest rate)

= $48,986 - ($250,000 × 12%)

= $48,986 - $30,000

= $18,986

We do not consider the time period. Hence, we ignored it as it is not relevant for the computation part.

We simply multiply the principal balance with the interest rate and then deduct it from the annual payment.

You might be interested in
A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6” and 8” con
prohojiy [21]
We need to see that table pls send a picture to it also if u may pls mark me braliest
7 0
3 years ago
In 2019, Sayer, who is single, have an outright gift of $53,000 to a friend, Johnson, who needed the money to pay medical expens
AlekseyPX

Answer:

$53,000

Explanation:

Remember, Johnson, needed the money to pay medical expenses. It is important to note that even though any gift is a taxable gift, there are many exceptions to the tax rule. One such gift that is not taxable is; Medical expenses you pay for someone.

In filing the 2019 gift tax return Sayer would by entitled to an exclusion of $53,000.

6 0
4 years ago
You are a fraud investigator just hired to begin an engagement. You create a tool that considers all the aspects of the fraud th
stepan [7]

Answer:

Vulnerability chart

Explanation:

3 0
3 years ago
Find the mean, median and mode for the above set of data
qwelly [4]

Answer:

a. Mean = 35.2 ≈ 35

b. Median = 35.6 ≈ 36

c. Mode = 36.6 ≈ 37

Step-by-step Explanation:

==>Given:

Class of ages in yrs

No. of cases of each class = f

Midpoint of each class = x

Product of midpoint and no. of cases of each class = fx

==>Required:

a. Mean

b. Median

c. Mode

==>SOLUTION:

a. Mean = (Σfx)/Σf

Σf = sum of no. of cases = 5+10+20+22+13+5 = 75

Σfx = 47.5+195+590+869+643.5+297.5 = 2,642.5

Mean = 2,642.5/75 = 35.2 ≈ 35

b. Median = Lm + [((Σf/2) - Cfb)/fm]Cw

Our median is between the 37th and the 38th term, which can be found in the class interval 35-44. This is our median class.

Lm = Lower class boundary of the median class = lower limit of the Medina class + upper limit of the class before the median class ÷ 2 = (35+34)/2 = 34.5

Σf/2 = 75/2 = 37.5

Cfb = Cumulative frequency of class before the median class = 5+10+20 = 35

fm = frequency of the Medina class = 22

Cw = Class width = upper class boundary - lower class boundary = 44.5-34.5 = 10

Median = 34.5 + [(37.5-35)/22] × 10

= 34.5 + [2.5/22] × 10

= 34.5 + [25/22]

= 34.5 + 1.1

= 35.6 ≈ 36

c. Mode = Lm + [∆¹/(∆¹+∆²)]Cw

Modal class = (35-44) [i.e. the class with the highest frequency, which is where our mode falls in]

Lm = lower class boundary of the modal class = lower limit of the modal class + upper limit of the class before the modal class ÷ 2 = (35+34)/2 = 34.5

∆¹ = difference between the frequency of the modal class & the frequency of the class before the modal class = 22 - 20 = 2

∆² = difference between the frequency of the modal class & the frequency of the class after the modal class = 22 - 13 = 9

Cw == Upper class boundary - Lower class boundary = 44.5 - 34.5 = 10

Mode = 34.5 + [2/(2+9)] × 10

= 34.5 + [2/11] × 10

= 34.5 + [20/11]

= 34.5 + 1.8

Mode = 36.6 ≈ 37

8 0
3 years ago
A commercial testing company has developed a brand new test intended to measure the mathematical skills of students who possess
Step2247 [10]

Answer: Equivalent forms

Explanation:

Parallel forms reliability which is also referred to as a equivalent forms reliability that tends to use a set of questions which is further divided in two equivalent forms, under which both sets tends to contain the questions that measure or evaluate the similar construct, skill or knowledge. These sets of question are then given to same individual from the sample within short time period and thus estimate of the reliability is then evaluated from these sets.

5 0
3 years ago
Other questions:
  • Watson, Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock
    5·1 answer
  • Which financial transaction is associated with the home rental process?
    6·2 answers
  • A compulsive worker may be identified by which of the following traits?
    10·2 answers
  • If the price elasticity of demand for canned soup is estimated at minus1.62. what happens to sales revenue if the price of canne
    6·1 answer
  • Which action by the federal reserve would help to slow down rising inflation?
    12·2 answers
  • Sam's new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. Which two Dynamic
    7·1 answer
  • A(n) ________ is a form of business ownership that is taxed as though it were a partnership, is popular among entrepreneurs, and
    7·1 answer
  • During 2013, gardner home center sold 800 power washers for $350 each. the power washers carry a 2-year warranty for repairs. es
    6·1 answer
  • _________ is the use of an asset not the subject of the loan to collateralize that loan.
    9·1 answer
  • What Is All The Hype Surrounding Lez Bankz All About?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!