Answer:
Therefore I can borrow $19646.12 from E-Loan.
The interest I will pay for the loan is $1,857.88.
Explanation:
The formula of present value is
PMT = The monthly payment = $448
i= Rate of interest per period 
n = The number of month = 48 months
Therefore
≈$19646.12
Therefore I can borrow $19646.12 from E-Loan.
The interest = Paid amount - Loan amount
=$[(448×48)-19646.12]
=$1,857.88
The interest I will pay for the loan is $1,857.88.
Answer: Statement that “There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds “ is FALSE
A mutual fund is a pool of stocks, bonds or other funds where an investor purchase his shares. He gets one to meet his investment goals so evaluating a mutual fund's performance is needed and must involve thorough research to lessen risk.
Professional fund managers do make mistakes, so it is a must that investors continually evaluate their mutual fund investments.
Marketing is the study and management of exchange relationships. It is the business process of creating relationships with and satisfying customers.
Answer: The statement is <u>TRUE.</u>
Explanation: The theory of purchasing-power parity is an economic theory that tries to calculate the exchange rate between the currencies of two countries necessary so that the same basket of goods and services can be purchased in the currency of each one, that is, so that the purchasing power (or purchasing power) ) of both currencies is equivalent.
Answer: 3.91
Explanation: We can calculate operating leverage by using following formula:-
where,
contribution = sales - variable cost
= sales - ( variable cost of goods sold + supplies )
= $52,260 - ( $26,260 + $5460)
= $20,540
Now, putting the values into equation we get :-
= 3.91
