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rusak2 [61]
3 years ago
5

From this partial advertisement: Used car $93.38 per month for 60 months Cash price $4,200 Down payment $50 a. Calculate the amo

unt financed. b. Calculate the finance charge. (Do not round intermediate calculations. Round your answer to the nearest cent.) c. Calculate the deferred payment price. (Do not round intermediate calculations. Round your answer to the nearest cent.)
Business
1 answer:
ludmilkaskok [199]3 years ago
8 0

Answer: The answer is as follows:

Explanation:

Given that,

Used car $93.38 per month for 60 months

Cash price = $4,200

Down payment = $50

(a) Amount Financed = Total Value (Cash Price) - Down Payment

                                   =  4200 - 50

                                   = $4150

(b) Finance Charge = Total payments - Amount Financed

                                = 93.38 × 60 - 4150

                                = 5602.8 - 4150

                                = $1452.8

(c) Deferred payment price = Down Payment + Total payments

                                             = 50 + 5602.8

                                             = $5652.8

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The following is an example of the reasoning of a rule utilitarian:
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Answer:

The correct answer is the option B: False.

Explanation:

To begin with, the concept of <em>"Rule Utilitarism"</em> refers to a type of utilitarism in where the main characteristic is in the belief that an action is right when it conforms to a rule that leads to the greatest good. Therefore that under this type of ideology, the utilitarians believe that an action would be right when the amount of good that it brings is greater than the action itself. And that is why that for an utilitarian to steal would not be wrong in the case that a greater good would come afterwards for the majority, so that means, better consequences.

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4 years ago
A store purchases televisions from a factory for $\$$87.89 each. The store normally sells one of these televisions for 225$\%$ o
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Answer:

148.31

Explanation:

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3 0
3 years ago
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You missed writing down a transaction but your account indicates you spent your entire cleaning budget of $750. Your other trans
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Answer:

Explanation:

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4 0
3 years ago
you deposit $6000 in an account earning 2% interest compounded continuously. how much will you have in the account in 10 years?
Gre4nikov [31]

Future Value is $7,327.20

<h3>What is compound interest ?</h3>

Compound interest is the interest on deposits that is computed using both the original principal and the interest accrued over time.

It is thought that the concept of "interest on interest" or compound interest first appeared in Italy in the 17th century. Compared to simple interest, which is just charged on the principal amount, it will cause a sum to grow more quickly.

Money grows more quickly when it is compounded, and compound interest increases as the number of compounding periods increases.

CI formula :  A = P(1 + r/n)^nt

where,

P = principal balance,

r = interest rate,

n = number of times interest is compounded per time period and

t = number of time periods.

To solve this question :

A = P(1 + r/n)^nt

= 6,000 (1 + 0.02/12) 120

= USD 7,327.20

To know more about compount interest, visit :

brainly.com/question/14295570

#SPJ4

4 0
2 years ago
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