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
kicyunya [14]
3 years ago
14

You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 mont

hs (with payments made at the end of the month). Assuming you finance the entire $28,000 and finance through the dealer, your monthly payments will be closest to:____________
A) $1454
B) $527
C) $467
D) $457

Business
2 answers:
bija089 [108]3 years ago
6 0

Answer:

so correct option is B) $527

Explanation:

given data

cost = $28,000

offer APR = 4.9 % = \frac{4.9}{12} = 0.0041

time = 60 months

finance the entire = $28,000

solution

we will apply here formula for calculate monthly payment  that is

= \frac{r(1+r)^t}{(1+r)^t -1}    ...........1

here r is rate that is 0.0041 and t is time that is 60 put here value we get

=  \frac{0.0041(1+0.0041)^{60}}{(1+0.0041)^{60} -1}

= 0.01883

so monthly payment is = 28000 × 0.01883

monthly payment is $527

so correct option is B) $527

Ierofanga [76]3 years ago
3 0

Answer:

Correct option is (B)

Explanation:

Given:

Cost of automobile (PV) = $28,000

APR = 4.9% or 0.049

Monthly interest rate = 0.049÷12

                                   = 0.0041

Time period (nper) = 60

Use spreadsheet function =pmt(rate,nper,-PV) to compute monthly payment.

Monthly payment is $527.37 or $527.

PV is negative as it is a cash outflow.

You might be interested in
You have data showing demand for plumbing services rising for each of the last five years. This would best be displayed on a:
Andrew [12]

Answer:

Line gray

Explanation:

6 0
3 years ago
Prior to any trip it is important to do all of these except:
ivanzaharov [21]
<span>Checking the upholstery is not one of the important pre-trip tasks. This is not something that will affect anything other than the passenger comfort during the trip. Making sure that one has enough gas and other fluids in the car is much more important to the overall trip.</span>
8 0
3 years ago
Pittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own;
valentinak56 [21]

A)Degree of operating leverage=Contribution/EBIT

=6400,000/2140000=2.99.

B) Degree of operating leverage=Contribution/EBIT

=5600,000/1340000=4.18

C) Degree of operating leverage=Contribution/EBIT

=7600,000/1015000=7.49

One conclusion that companies can draw from examining operational leverage is that companies that minimize fixed costs can increase profits without changing selling prices, contribution margins, or unit sales.

The Operating Leverage formula is used to calculate a company's break-even point, helping to set a reasonable selling price that covers all costs and produces a profit. This gives you insight into how well your company is using fixed-cost items such as inventory and machinery to make a profit. The more profit a company can extract from the same amount of fixed assets, the higher its operational leverage.

Learn more about operating leverage at

brainly.com/question/24278932

#SPJ4

4 0
1 year ago
Through conscious repetition of information, we can encode information for long-term storage. this is known as _____.
Iteru [2.4K]
This is known as rehearsal.
5 0
3 years ago
The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number
8_murik_8 [283]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number of transistors needed is 8,000 per month. Nelson Company's electronics division can produce the transistors for a cost of $4.00 each and they have plenty of capacity to manufacture the units. The $4 is made up of $3.25 in variable costs, and $0.75 in allocated fixed costs.

Because there is unused capacity, we will not have into account the fixed costs.

Unitary cost= $3.25

It is more convenient to produce in house. The indifference price is $3.50.

6 0
3 years ago
Other questions:
  • Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the b
    12·1 answer
  • At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benef
    12·1 answer
  • Which of the following are the assumptions of locational cost-profit-volume analysis : (I) nonlinear variable costs. (II) fixed
    5·1 answer
  • Global Technology’s capital structure is as follows: Debt 35 % Preferred stock 15 Common equity 50 The aftertax cost of debt is
    10·1 answer
  • g If all resources used in the production of a product are increased by 10 percent and output increases by less than 5 percent,
    5·1 answer
  • In inflation-adjusted dollars, how have average wages in the united states changed in the last 20 years?
    7·1 answer
  • If a multinational company in England pays cash for a factory in India then the company in England has a
    15·1 answer
  • Environmental sustainability concerns have declined steadily over the past three decades. True False
    13·1 answer
  • Buying a house is most likely a long-term goal for a person of which of these ages?
    7·1 answer
  • Assume the following data: total current assets = $852; total current liabilities = $406; long-term debt = $442. calculate net w
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!