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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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Answer:

Business is a commercial activity or a persons regular occupation , profession or trade.

6 0
2 years ago
The _________ price of an item is the promotional price of merchandise after a markdown.
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I believe the missing word is actual.
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list some financial information you'd like to learn about and why is it important for building your financial future?​
Katyanochek1 [597]

Answer:

Firstly, I would like to decide I want to be self-employed or go for a job. Then I will find the plus point of each of the above. I will find in deep the benefits, and then decide which to choose. However, my interest will be the first thing to think of while selecting one out of the two. Then I will find what type of loans can I get, or how to find the investors if I opt for self-employment and hence business, And then I will decide which type of business to start like as a sole proprietor or public-private or various others. Then I will find the tax-related details. Also what tax benefits I will be getting if I opt for a job or self-employment. Thus, I now end up with all important financial details, however, I will also study a nit of accounts if I opt for self-employment.

All the above are important for building a financial future as without this information we cannot complete our financial activities, Like if we do not have the tax information, we will not be able to fill our taxes properly no matter we are self-employed or doing a job. Also for self-employment and our own business, we need investment, and for that, we need to find out the investors, Also we need to find out the loans that are available to us as then only we will be able to arrange money when required. And we need to know what is right for us, self-employment or a job.

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7 0
3 years ago
Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $11.0
ale4655 [162]

Answer:

$151,673

Explanation:

Average cost method calculate the cost of the inventory on the average price basis. Cost of goods sold is the cost of the goods sold in the given period.

Description                   Units       Rate                   Value    

Beginning Inventory     7,400    $11.00                 $81,400

Purchases                     3,100     $12.00                $37,200

Purchases                     <u>12,200   $12.50               $152,500</u>

Total  Inventory            22,700   $11.94273128    $271,100

Sale                               12,700    $11.94273128    $151,673

Cost of Goods Sold = $271,100 x 12,700 / 22,700 = $151,673

4 0
3 years ago
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ohaa [14]

Answer:

Civil responsibility is the responsibilities of citizens to there State.

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Hence without the people exercising their civil right, democracy will be a failure.

7 0
3 years ago
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