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erica [24]
3 years ago
6

Todd can afford to pay $375 per month for the next 7 years in order to purchase a new car. The interest rate is 6.5 percent comp

ounded monthly. What is the most he can afford to pay for a new car today
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

The most he can afford to pay = $25,260.07

Explanation:

The most he can afford to pay is the present value of the  $375 per month discounted at the interest rate of return of 6.5% p.a

PV = A× (1- (1+r)^(-n))/r

PV = ?, A- 375,  r- 6.5/12= 0.541%   n= 12×7 = 84

PV = 375× (1- (1.00541)^(-84) )/0.00541= 25260.071

The most he can afford to pay = $25,260.07

<em>Note: the monthly interest rate needed to be computed by dividing 6.5% by 12 and the number of months in 7 years is 7 × 12 = 84 </em>

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Keep an emergency kit and fresh water in your car in the event of______
maxonik [38]

Answer:

A breakdown or emergency or an unexpected event

Explanation:

The emergency kit should always be kept in the car along with it the fresh water should also be there as if there is any emergency or breakdown occurs or the event i.e. not expected arise so these things would be used so that the problem you are suffering would be solved as soon as possible. Also if you are feeling thirsty so here you need is the water

So according to the given statement, A breakdown or emergency or an unexpected event is an answer

3 0
3 years ago
Which of the following policy actions do the authors propose to offset the negative consequences of rising income inequality? Ch
Sedaia [141]

Answer: B. modestly higher average tax rates.

C. a relatively modest boost in the historical growth rate of government redistributive transfers.

Explanation:

The policy actions that authors propose to offset the negative consequences of rising income inequality are modestly higher average tax rates and the relatively modest boost in the historical growth rate of government redistributive transfers.

5 0
4 years ago
Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upc
IgorC [24]

The correct answer is D) express authority.

Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upcoming auction. Although not specifically told to do so, Amber prints flyers and distributes them to all the art galleries in the area. Amber’s actions are an example of express authority.

Express authority means that an agent has the power to make decisions and act on behalf of another person. In this case, Janelle gave Amber the authority to act in the best interests of her art collection to be promoted by her agent, The authority could be granted orally or written. WIth that faculty, Amber is supposed to do everything to promote and sell Janelle's' art collection.

The other options of the question were A) apparent authority. B) respondeat superior. C) intermediary agency.

4 0
3 years ago
Identify the process type of a product-process matrix in which all products follow the same sequence, standard materials and met
Dafna11 [192]

Answer:

The correct answer is Repetitive process.

Explanation:

Repetitive or series processes: those processes that produce items in large quantities, in bulk at regular intervals, where large quantities of homogeneous products are produced, such as the automotive, electronics, toys, food, etc.

Generally these processes are mechanized and even automated, the adjustments of the machines are scarce, the volumes are high, the labor force is little specialized and there is a permanent maintenance service.

4 0
4 years ago
Ramon, a single taxpayer with no dependents, has adjusted gross income for 2018 of $98,000 and his itemized deductions total $19
amid [387]

Answer:

taxable income is $79000

Explanation:

given data

gross income = $98000

deduction = $19000

to find out

taxable income

solution

we know taxable income is calculated as

taxable income = gross income - deduction  ....................1

here personal exemption is not claim in 2018 taxes

so                                            

put here value in equation 1

taxable income = 98000 - 19000

taxable income = 79000

so taxable income is $79000

6 0
4 years ago
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