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
uysha [10]
3 years ago
13

Kangaroo Autos is offering free credit on a new $10,000 car. You pay $1,000 down and then $300 a month for the next 30 months. T

urtle Motors next door does not offer free credit but will give you $1,000 off the list price. a. If the rate of interest is 0.83% a month, calculate the present value of the payments to Kangaroo Autos.
Business
2 answers:
frez [133]3 years ago
8 0

Answer:

8,938.0168

Explanation:

Kangaroo Autos is offering free credit on a new $10,000 car. You pay $1,000 down and then $300 a month for the next 30 months. Turtle Motors next door does not offer free credit but will give you $1,000 off the list price. If the rate of interest is 0.83% a month, the present value of the payments to Kangaroo Autos is 8,938.0168.

babunello [35]3 years ago
4 0

Answer:

8,938.0168 present value of the car in Kangaroo Autos.

Explanation:

We will calculate present value of annuity of $300 per month during 30 months at 0.83% discount rate:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C $  300

time       30 months

rate         0.0083 per month

300 \times \frac{1-(1+0.0083)^{-30} }{0.0083} = PV\\

PV $7,938.0168

We will add the 1,000 down payment

7,938.0168 + 1,000 = 8,938.0168 present value of the car in Kangaroo Autos.

You might be interested in
The liaison role of a manager encompasses relationships with subordinates, including communication and influence, whereas the le
Paul [167]

Answer: False

Explanation: Managers act as liaisons when making contacts with people outside of their area of responsibility, both inside their organization and outside in the world at large. Being a liaison involves networking, but it is far more than just amassing the most friends on your profile. It is about linking people with resources. What do resources mean in the context of the liaison role? Resources could be other people, money, information, space, influence, or goods and equipment.The challenging role of the manager is accountable to senior executives for performance and to front-line employees for guidance, motivation, and support. It is common for managers to feel as if they are pulled between the demands of top leaders and the needs of the individuals performing the work of the firm.Managers then schedule activities that will lead to achieving those goals. Leaders tend to be more strategic: they must become problem solvers able to see the big picture while also identifying specific things that affect overall success.

3 0
3 years ago
____ helps individuals, groups, and organizations store useful information, such as a list of tasks to complete or a list of nam
Gnoma [55]

Answer:

The correct answer here is Personal information managers.

Explanation:

PIM or personal information manager is a software application which is used by individual, groups and organizations to manage contacts, calendar, reminders, alerts, notes , making appointments, project management etc through its PIM tools and these tools can vary according to the need. So it can be said that this personal information manager acts as a personal organizer.

7 0
3 years ago
C. Wright Mills identified the major decision-makers at the highest levels of corporations, politics, and the armed forces in th
lana [24]

A power elite was the name given to major decision-makers at the highest levels of corporations, politics and the armed forces.

<h3>What is a power elite?</h3>

This refers to the small group of influential people that control a disproportionate amount of power and resource in a region/

Hence, they were named by C. Wright Mills because they were major decision-makers at the highest levels of corporations, politics and the armed forces.

Read more about power elite

<em>brainly.com/question/12793435</em>

#SPJ1

7 0
2 years ago
When preparing journal entries, the account titles are selected using either the dropdown menu (if available) or by keying in th
Ira Lisetskai [31]

Answer:

True

Explanation:

The journal entries are the recording of the transactions in which the one account is debited and another account is credited along with the description and the date.

If we take the example.

Rent is paid for cash for $10,000

So, the journal entry would be

Rent expense A/c Dr $10,000

      To Cash A/c $10,000

(Being rent is paid for cash is recorded)

So, the given statement is true

6 0
3 years ago
what is the annual interest rate for a 90-day note issued with a face value of $8,000 that will earn interest of $160?
Readme [11.4K]

The annual interest rate for this note that would earn the interest of $160 is 8%.

In order to solve this problem, we have to use the interest rate formula

InterestRate = P*R *T

<u>where</u>

  • P = Principal
  • R= Rate
  • T = Time

We divide 90 days by the total days in a year

= 90/365

= 0.2466

<u>Principle * time</u>

= 0.2466 * 8000 = 1972.6

The annual interest rate

= 160/1972.6

= 0.081

= 8%

Read more on brainly.com/question/14438429?referrer=searchResults

3 0
2 years ago
Read 2 more answers
Other questions:
  • Compared to attending a technical school, completing a four-year college degree allows you to enjoy lower educational costs ente
    10·1 answer
  • A company manufactures three​ products, A,​ B, and C from a single raw material input. Product C can be sold at the split off po
    8·1 answer
  • Cycle counting A. involves shutting down production once per year to perform the annual inventory count. B. is a process by whic
    5·1 answer
  • Tom Gettback buys 100 shares of Jobnson Walker stock for $87.00. per share and a 3-mont Johnson Walker put option with an exerci
    8·1 answer
  • A nation’s automakers install new robotic machinery to build cars. as a result, cars take only a day to make, and the factories
    15·1 answer
  • 1. Write any two characteristics of a company.​
    12·1 answer
  • The range of S is 74 while that of P is 37 across the two states. What is the hedge ratio of the put
    15·1 answer
  • Discuss motivation hygiene theory proposed by Fredrick Hertzberg
    9·1 answer
  • Pompeii, Inc., has sales of $54,500, costs of $24,800, depreciation expense of $2,700, and interest expense of $2,450. If the ta
    8·1 answer
  • ( b ) explain five circumstances under which a high population growth may be desirable ​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!