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
Rasek [7]
3 years ago
5

You borrow $12,600 to buy a car. The terms of the loan call for monthly payments for five years at an interest rate of 4.65 perc

ent, compounded monthly. What is the amount of each payment
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer:

$627

Explanation:

To find the answer, we use the present value of an annuity formula:

P = A[1-(1+i)^{-n} /i]

Where:

  • P = Present value of the investment
  • A = Value of the annuiry
  • i = interest rate
  • n = number of compounding periods

Now, we plug the amounts into the formula:

12,600 = A[1-(1+0.0465)^{-60} /0.0465\\]

12,600 = A (20.09870355)

A = 12,600/20.09870355

A = 627

Thus, the value of the monthly payments is $627

You might be interested in
Frank, a marketing manager, has often noticed that his team members do not communicate with each other and are rarely present fo
Kipish [7]

Answer:

Cohesiveness

Explanation:

The measure of the level of unity in a group or team is called cohesiveness. It is a measure of how communicative the members of a team are. It describes the linking bond among them that makes them act as a team.

Cohesiveness is important because it also affect the extent to which members of a team are committed to working with centrally defined strategies and decisions. A cohesive team is a team that with increased morale and it also helps to boost productivity.

The feeling of being part of something big helps highly cohesive teams to achieve great job performance.

The lack of cohesiveness in Frank's team is evident in the low level of communication as well as the low level of productivity.

6 0
3 years ago
A rightward shift of the supply of loans curve would
Minchanka [31]

C. increase in the interest rate

3 0
3 years ago
Problems and applications q6 darnell loves playing rock 'n' roll music at high volume. jacques loves opera and hates rock 'n' ro
mafiozo [28]

Answer:

false

Explanation:

The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.

In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.

An optimal solution can always be reached regardless of initial distribution of rights.

7 0
3 years ago
Why would expanding the nation’s communications network be considered an increase in wealth, while improving the education of it
larisa86 [58]
To be honest i think that it is because the internet contains everythingnyou need to know. And it is also much more easy to use. Hope this helps!
4 0
4 years ago
Corazon Company purchased an asset with a list price of $14,000. Corazon paid $500 of transportation in cost, $800 to train an e
Licemer1 [7]

Answer:

15,160

Explanation:

Net 20 terms: Full amount ready between 20 days, occasionally written as n/20.

Terms 2/10. n/30: with a 2% discount for settlement within 10 days, net 30 implying that the full amount will be ready between 30 days.

The terms 1/10, n/30: with a 1% discount for settlement within 10 days time, net 30 meaning the full amount is going to be ready between 30 days.

Terms 5/10, 2/30, n/60: 5% for settlement within 10 days, 2% for settlement in 11-30 days, full amount due within 60 days.

Net 30 Terms EOM: Payment will be ready in full 30 days after the end of the month (EOM) in which the invoice was given for.

7 0
3 years ago
Read 2 more answers
Other questions:
  • The competitive moves and business approaches a company's management uses to grow the business, attract and please customers, co
    7·1 answer
  • Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells
    8·1 answer
  • A ______ is a document prepared by the organization to identify and attract the right vendors to supply software, hardware, and
    14·1 answer
  • You use u.s. currency to pay the owner of a restaurant for a delicious meal. the currency
    9·1 answer
  • What is one financial goal that you have? How do larger economic factors influence your pursuit of this goal?
    13·1 answer
  • You decide to become a neurosurgeon. After high school, you will need four years of college, four years of medical school, five
    12·1 answer
  • If Karla spent $200 on Wednesday to have the windows in her building washed, recorded the
    7·1 answer
  • A firm with a WACC of 10% is considering the following mutually exclusive projects:
    15·1 answer
  • Manager Mike offered incentives, allowed his employees to voice their opinions, and communicated positive messages. How do these
    5·1 answer
  • Hierarchy is the means of coordination in which independent agents adjust their actions in response to information and incentive
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!