The monthly payments, given the selling price, the down payment, and the rate is, D. $540.17
<h3>How to find the monthly payment?</h3>
First, find the loan amount:
= Selling price - down payment
= 104, 000 - 24, 000
= $80, 000
The monthly payment is an annuity because it is constant. To find this annuity, find the monthly periodic rate and the number of monthly periods:
Monthly rate :
= 6.5% / 12
= 6.5%/12
The number of periods is:
= 25 x 12
= 300 months
Then put this into an annuity calculator to find the monthly payment to be:
= Loan amount / Annuity factor
= 80, 000 / 148.1
= $540.17
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Answer:
a. 14.75%
b. Under priced
Explanation:
The computation for the required rate of return is shown below:
a. Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 6% + 1.25 × (13% - 6%)
= 6% + 1.25 × 7%
= 6% + 8.75%
= 14.75%
b. As the required rate of return comes 14.75% and the required return is 16% so it is under priced as expected return is more than the required return
Answer:
Specialty store
Explanation:
A specialty store is a retail business that specializes in a particular range of products and its related merchandise. A specialty store will have an extensive depth of the merchandise that its stocks. For example, a business may focus on office supplies, men clothing, or household appliances as opposed to having a wide range of consumer products.
Specialty stores will often sell their products at a premium price. They offer excellent and friendly customer service. Employees at a specialty store have in-depth knowledge about their products and will provide expert advice to customers.
Answer:
False
Explanation:
The situation above is called the "pitch." This is a <em>process of persuasion </em>whereby people present their ideas to their<u> potential clients or investors.</u> This is done in order to achieve a particular purpose. In the situation above, the ad agency's purpose is<em> to win the potential client's account. </em>In order to become successful in pitching ideas, one has to consider some pointers such as <em>getting to the point fast, using a message map, not using too many slides and the like.</em>
So, this explains the answer.
