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
OLEGan [10]
3 years ago
9

Todd can afford to pay $390 per month for the next 7 years in order to purchase a new car. The interest rate is 6.8 percent comp

ounded monthly. What is the most he can afford to pay for a new car today
Business
1 answer:
zvonat [6]3 years ago
4 0

Answer:

$26,036.74

Explanation:

Tom is able to pay $390 per month for 7 years. The interest rate is 6.8 %. Tom will pay an equivalent of the present value of a $390 annuity for & years 6.8 per cent

The applicable formula is

PV = P ×  1 − (1+r)−n

                      r

Where PV is the present value

P is 390

r is 6.8% per year or 0.005666

n is 7 year or 84 months

PV = $390 x 1-(1+0.005666)84

   0.00566

PV = $390  x 1- 0. 622133410)

   0.00566

PV =390  x  (0.37786659/0.00566)

PV = $390 x 66.760

PV = $26,036.74

You might be interested in
Required: a. How many customer records are stored in the database? b. List customers who live in New York. c. List customers wit
Feliz [49]

Answer:

a- How many customer records are stored in the database

SQL Command for knowing number of customer records are stored is

SELECT COUNT(Customer Name) FROM tbl Customer ;

b- List customers who live in New york.

SQL Command for knowing number of customers who live in New york

SELECT Customer State, FROM tbl Customer WHERE CITY = 'New york' ;

c- List customers who credit limits grater than $50,000.

SQL Command for knowing number of customers who's credit limit is grater than $50,000

SELECT Customer Credit Limit, FROM tbl Customer WHERE Credit limit > 50,000 ;

d. List sales transaction made in July - 18

SQL Command for knowing sales in July - 18

SELECT InvoiceDate, FROM tbl Sales ;

e. What the number of total sales transactions made to each customer

5 0
3 years ago
The other day, you had to remember some items for an important exam. you are sure you studied them and knew them before you ente
ahrayia [7]
Sometimes when people are under pressure they forget things that they have memorized. Sometimes its answers for a test and sometimes they forget how to walk, your body will just shut down under pressure.
Just try to relax and think of something else of a few, then move on to the next question, it will come back to you.
3 0
3 years ago
What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the
const2013 [10]

Answer:

$315,198

Explanation:

WACC = [ Equity / Total value ] * cost of equity + [ Debt / Total value ] * Cost of debt.

WACC = 11.5%

Exit multiple = Total cash outflow / Total cash inflow

Exit multiple = $120,000 / 36,000 = 3.3x

EBITDA of the company is $178,412.

5 0
3 years ago
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year
Anna71 [15]

Answer:

18.49%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The IRR can be calculated using a financial calculator:

Cash flow in year 0 = –$28,500

Cash flow in year 1 = $12,500

Cash flow in year 2 = 15,500

Cash flow for year 3 = $11,500

IRR = 18.49%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0
4 years ago
Read 2 more answers
One of the variables most often included in surveys is income. Sometimes the question is phrased​ "What is your income​ (in thou
storchak [24]

Answer:

D

Explanation:

income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be​ counted, but also be considered continuous because the values have a true zero point.

4 0
3 years ago
Read 2 more answers
Other questions:
  • A success biologists main interest area would be
    6·1 answer
  • In a television commercial for chobani greek yogurt, the manufacturer chobani plays which role in the communication process
    10·1 answer
  • Hey how do you earn money? If you even do.
    15·2 answers
  • A. alice produces more lemonade and betty produces more pizzas.
    14·1 answer
  • Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylen
    14·1 answer
  • Spencer Co.'s common stock is expected to have a dividend of $3 per share for each of the next 9 years, and it is estimated that
    6·1 answer
  • Click this link to learn about a career as a Multimedia Artist. What are some common tasks? Check all that apply.
    15·2 answers
  • Tim Armstrong was tapped to lead an integrated Yahoo!/AOL subsidiary of Verizon called Oath, and will most likely need to set a
    14·1 answer
  • Frederick Group uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufactur
    9·1 answer
  • The Ingraham Corporation has $1,000 par value bonds outstanding. The bonds have an annual coupon rate of 8.90 percent and an ann
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!