A comprehensive risk management program that addresses all of an organization's risks, including hazard risks, financial risks,
1 answer:
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Answer: (D) 5.90%
Explanation: David is going to buy a new car at $21,349.
The down payment is $3,000.
Loan amount (Present value) = $21,349 - $3,000
Loan amount (Present Value) = $18,349
Installment amount (pmt) = $352
As the payment is made monthly (12 months in a year),
Number of payments = 5 * 12
Number of payments = 60
Using the rate option in excel,
Insert the variables into the option, we get
By inserting the above formula in excel we get,
Rate = 0.47%
Rate of 0.47% is monthly, to get APR
APR = 0.0586
APR = 5.86% or 5.90%
Therefore the correct option is 5.90%.
Answer:
$60
Explanation:
According to information on your question. We are to note that an absence or reduction of suppliers could lead to lower supply.
As in this case, the producer supply loss of $60 was incurred as some sellers dropped out of the market as a result of the tax.
