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
lys-0071 [83]
3 years ago
13

You want to buy a car, and a bank will lend you $15000. The loan will be fully amortized over 5 years(60 months), and the nomina

l interest rate will be 12% with interest paid monthly.
a) What will be the monthly loan payment?
b) What will be the loan’s EAR?
Business
1 answer:
inysia [295]3 years ago
6 0

Answer:

a) $ 333.67

b) 12.6825

Explanation:

a) The 333.67 amount is the payment per month without interest and of course interest will differ from month to month as the loan is amortized monthly. to get the payment using financial calculator its N= 60,  I/YR = 12%/12=0.01, 15000=PV, FV=O THEN COMPUTE PMT

OR use the formula pmt= PV/1-1/(1+rate)^time/rate

b) To get EAR = (1+ rate/ compounding)^compounding-1

(1+0.12/12)^12-1

You might be interested in
How does market research give direction to advertising?
abruzzese [7]

Answer:

it will help you to know what the producer wants

Explanation:

you understand that if you will talk about the product in the market or you will research on what is in the market so you are able to know the idea or you will know what they want in the market,so advertising also give direction to business

8 0
2 years ago
Beer Corporation had net income of $216,000, and paid dividends to common stockholders of $43,000 in 2017. The weighted average
Zepler [3.9K]

Answer:

21 times

Explanation:

Calculation to determine Beer Corporation's price earnings ratio

First step is to get Calculate the Earning per share ( EPS)

EPS=$216,000 ÷ $58,500

EPS= $3.69

Now let calculate the price earnings ratio

Price earnings ratio= $79 ÷ $3.69

Price earnings ratio= 21 times

Therefore Beer Corporation's price earnings ratio is 21 times

6 0
3 years ago
A(n) _____ refers to a situation where a publicly traded company is purchased and then taken off the stock market.
dalvyx [7]
Leveraged buyout/////////////////
4 0
3 years ago
In social network analysis __________ stress(es) the importance of ties connecting heterogeneous people—helping to ensure a wide
murzikaleks [220]

Answer:

<u>Bridging relationships</u>

Explanation:

Social networking analysis refers to analyzing the interaction between different social groups, people and individuals of an organization.

Such an analysis establishes linkage between diverse people who differ in their attitudes, beliefs and demeanor.  

Such an analysis is aimed at gaining an understanding of a group and it's dynamics, it's key members and deciphering the nature of their association.

Bridging relationships refers to bridging or reducing the gap between a group and laying emphasis upon the relations via which diverse people are interconnected and information is shared between them.

8 0
3 years ago
48. What does management say they are doing to assure the public that the financial information is reliable
WARRIOR [948]

Answer:

Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.

Explanation:

There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.

6 0
2 years ago
Other questions:
  • A study sponsored by the american medical association suggests that the absolute value of the own price elasticity for surgical
    8·1 answer
  • A broker-dealer owns 100 shares of abco stock, which it purchased at 28. if the stock is sold to a customer, the broker-dealer w
    5·1 answer
  • Which one of the following statements correctly describes export subsidies?
    7·1 answer
  • If fixed costs are $850,000 and the unit contribution margin is $50, profit is zero when 15,000 units are sold.
    9·1 answer
  • Which of the following is an outcome of the General Agreement on Tariffs and Trades​ (GATT) and created global rules of trade be
    11·1 answer
  • Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
    6·1 answer
  • Once a company has diversified into a collection of related or unrelated businesses and concludes that some strategy adjustments
    10·1 answer
  • You owe $5,000 on your credit card and you can pay the following monthly payments:
    8·1 answer
  • Write an essay with the topic: Information logistics system is one of the major topics of interest to manufacturing and logistic
    11·1 answer
  • A four-bedroom, four-bath, 4,875-square-foot house was listed at $445,000. Andreas, the seller, accepted an offer that was 95% o
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!